Lets say the standard of living for someone making 80-100g a year in the US. What would your salary be in order to have comparable standard of living?
You should make enough to be able to afford a keyboard with a Shift button to capitalize your thread titles, at least.
or one ith mssing kys?
well i will give it a shot. Making 100k a year in say CAlif, you aint rich thats for sure. I would venture to say someone making 100,000nt a month in Taipei would be at roughly the same .
remember as a single person your 100k soon becomes 65k after uncle sam and state taxes and social security and medicare takes their share. So thats 65,000 x 30 = 1,9 mil ntd / year or bout 162,500 nt /month after tax.
Someone in taiwan making 100,000/month before tax translates to roughly that after tax as he likely is getting one or two months bonus as well. One month is pretty standard.
And taiwan prices for a lot of things are a bit cheaper then CAlif. So i say
100,000ntd/month equates to roughly 100k USD / annual in calif .
Typing on a kindle fire is horrible lol.
Also to Tommy thank you.
That would be more equal to 150-200k NTD per month in Taiwan , again taking into account cheaper living and lower taxes
What job must one accquire in order to have this standard of living?
How can 200kNT a month be the same standard of living for 100k (a year)? that would make like 80k before taxes plus a much lower price of living?, wouldn’t 200k a month be even higher standard?
Maybe I’m wrong that’s why I wrote this thread lol.
[quote=“tommy525”]Someone in taiwan making 100,000/month before tax translates to roughly that after tax as he likely is getting one or two months bonus as well. One month is pretty standard.
[/quote]
For a local, yes. For a foreigner, no.
[quote=“Omniloquacious”][quote=“tommy525”]Someone in taiwan making 100,000/month before tax translates to roughly that after tax as he likely is getting one or two months bonus as well. One month is pretty standard.
[/quote]
For a local, yes. For a foreigner, no.[/quote]
If you’re talking about the bonus then ok. But I don’t Tommy’s numbers are that far off although initially I thought they seemed low. I feel wealthy now… the big costs that are lower are housing (esp if you rent) and taxes. The effective tax rate on 100k/mo will be <10%. A lot of stuff is similarly priced if you lead a western lifestyle.
Taiwan’s tax rates from an unofficial source (seems close though)
[quote]0-500,000 5%
500,001-1,130,000 12%
1,130,001-2,260,000 20%
2,260,001-4,230,000 30%
4,230,001 and over 40%[/quote]
I agree if you live in bumfuck USA, but not if you live in SAn Francisco bud.
100k aint going too far in San Fran, after taxes.
[quote=“Abacus”][quote=“Omniloquacious”][quote=“tommy525”]Someone in taiwan making 100,000/month before tax translates to roughly that after tax as he likely is getting one or two months bonus as well. One month is pretty standard.
[/quote]
For a local, yes. For a foreigner, no.[/quote]
If you’re talking about the bonus then ok. [/quote]
Yes, the bonus. Not many foreigners here get one of those.
As for the income comparison: I’m rather out of touch with costs in the UK now, but I reckon that a pre-tax income of NT$100,000 (2,000 quid) per month in Taiwan can be stretched about as far as roughly double that income in England.
It depends where you are talking about in the UK. Having been to Cardiff and surrounds a few times I’m struck how cheap it is compared to London. Of course wages are a bit lower there in general.
Things like the poll tax (renters pay too!) , transport costs and VAT will get you in the UK along with the higher income taxes.
Of course very location dependent, but most people with this standard of income own the equivalent of a 3-bedroom house with a garage, one or two cars, a TV in most of the rooms, a house full of junk from walmart that is constantly growing, maybe a hot tub or pool out back, probable some other toys like a boat…
What would it take have the equivalent in Taiwan? A lot.
The average person in Taiwan shares a small living space with a couple other family members, rides a scooter and can’t afford a car, shares one TV that all crowd around, has a house full of pineapple cakes that are consumed and replaced so not filling up the house with junk, a plastic tub for occasional immersion in the same room as toilet and shower, and one other toy like a plastic kitty waving its hand atop the TV… thats about it.
So to have that in Taiwan, one would probably need the equivalent of 80-100g a year in the US, so about $NT2-3M a year.
Yeah its not 100pct directly convertible.
If you have a family to support, for the same standard of living, you need to make the same salary.
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For survival living in Taipei, you need at least 24,000 NT a month. Survival living means having just enough to pay all your bills and have cheap entertainment once a month, tops. Anything more than that and you can live a fairly good lifestyle.
Remember in Taiwan the tax rate for the average people (not the insanely rich) is less than 10% and sometimes your employer will ask if they can declare a lower wage to help you and him save on taxes. Not really recommended as it would also hurt you when it comes to retirement benefits. For the super rich tax evasion is very easy in Taiwan it seems, lots of people probably make a lot more than what their reported wages. In America you need to make about twice as much as Taiwan to have the same standard of living because of the higher tax and rent.
Wages are lower here though, so in the end it all balances out.
most all of the above is simply wrong.
Families live together (not always though) and the size of the apartments varies - I have yet to see a family living in a “small living space”.
The average person…[quote] rides a scooter and can’t afford a car[/quote]
most people own cars - many families 2-3 - that explains the hugh number of cars on Taiwan’s streets.
The average person…[quote]shares one TV that all crowd around[/quote]
I have seen many households and often even the blind a-ma got her own TV-Set - young people often watch stuff on the internet - yes! they have computers!! lots of 'em!
The average person…[quote]has a house full of pineapple cakes that are consumed and replaced so not filling up the house with junk[/quote]
Many (not all) Taiwanese folks love to junk up their appartments, their balconies and (if available) their garden up to a level that you can’t breath anymore.
The average person has…[quote]a plastic tub for occasional immersion in the same room as toilet and shower.
[/quote]
Most apartments have 2 bathrooms and people do not bath much, they take showers, at least once a day (evening).
It is impractical to own cars in Taipei, its hard to find parking and there are enough cars on the street here already.
Yep the situation in Taipei and outside Taipei is very different. And most families do not own 2-3 cars outside Taipei, usually 1-2. Depends if they are living together or not of course. There is plenty of space available in apartments and houses outside of the city central areas.