The average european has a good life, but the average person doesn’t exist outside of statistics.
I used to work 84h weeks as a European, overtime is taxed at a higher rate so the take home is lower than a regular working hour. But if you really want something out of life (like buying a house) you have to sacrifice everything if you’re just a normal worker.
Hell i sacrificed it all only to lose it to economic troubles and later again due to covid.
I’m not doing that again even though all my employers try to get me to work overtime, some even fired me for refusing to work overtime past the contractual 3h per week.
I somehow ended up making a decent wage at my current job, but i dislike the job so badly it’s not even funny anymore.
In what country is overtime taxed at a higher rate? People say this all the time but the same income tax rules apply to overtime. There is no higher overtime tax in the EU. Yes the average tax rate might be higher on overtime hours on your payslip, but that’s not because of a separate overtime tax, your overtime earnings falls in your highest or even a higher bracket because the earnings are added on top of your base salary. While the average tax rate of your base salary is lower because it covers multiple lower tax brackets and a tax break could have been applied. But if you earned the same money as a normal salary without overtime you’d be paying the same total tax amount. So no there is no higher tax for overtime it’s just how progressive income tax works. There are countries in the EU that give a tax break on overtime.
The vast majority of US workers are way beyond the Point of Diminishing Return. US labor laws are shit and the Europeans are enjoying life.
The average european has a good life, but the average person doesn’t exist outside of statistics.
I used to work 84h weeks as a European, overtime is taxed at a higher rate so the take home is lower than a regular working hour. But if you really want something out of life (like buying a house) you have to sacrifice everything if you’re just a normal worker.
Hell i sacrificed it all only to lose it to economic troubles and later again due to covid.
I’m not doing that again even though all my employers try to get me to work overtime, some even fired me for refusing to work overtime past the contractual 3h per week.
I somehow ended up making a decent wage at my current job, but i dislike the job so badly it’s not even funny anymore.
In what country is overtime taxed at a higher rate? People say this all the time but the same income tax rules apply to overtime. There is no higher overtime tax in the EU. Yes the average tax rate might be higher on overtime hours on your payslip, but that’s not because of a separate overtime tax, your overtime earnings falls in your highest or even a higher bracket because the earnings are added on top of your base salary. While the average tax rate of your base salary is lower because it covers multiple lower tax brackets and a tax break could have been applied. But if you earned the same money as a normal salary without overtime you’d be paying the same total tax amount. So no there is no higher tax for overtime it’s just how progressive income tax works. There are countries in the EU that give a tax break on overtime.