130k amounts to 65 EUR/hr if you're working as a contractor. This is a low rate for an experienced and domain expert meaning that people with qualifications that think-cell is asking for already earn easily almost double than what they offer. To earn 130k as a non-contractor, you wouldn't have to look for FAANG (which do pay a lot more than that with their TC scheme) - there's plenty of companies that are willing to offer that amount of money for the right skills they need.
> 130k amounts to 65 EUR/hr if you're working as a contractor.
As a contractor, you have B2B contracts which means you have to pay taxes over your revenue. In general this amounts to a tax rate in a range of 20%-30%.
> This is a low rate for an experienced (...)
I repeat: in Europe, FANG salaries only start to come close to these values if you are principal/staff engineer. Your "experienced" weasel word contrasts with reality.
> As a contractor, you have B2B contracts which means you have to pay taxes over your revenue. In general this amounts to a tax rate in a range of 20%-30%.
No shit Sherlock. You have to pay the taxes as a regular employee too. Go figure.
As a matter of fact, 130k with B2B contract actually earns you more net profit then the 130k of a regular employee contract.
> I repeat: in Europe, FANG salaries only start to come close to these values if you are principal/staff engineer.
Again, you're talking nonsense. Go check levels.fyi if you don't believe me.
From my personal experience be let assured that earning 130k in Europe is very much possible, and without being a staff/principal engineer, and without working for the FAANG. You need to be decently experienced and know how to make your shit done.
> No shit Sherlock. You have to pay the taxes as a regular employee too. Go figure.
Yes, go figure that 130k in B2B contract is largely equivalent to 70-80k as a full-time employment.
Which is the whole point.
> As a matter of fact, 130k with B2B contract actually earns you more net profit then the 130k of a regular employee contract.
It really doesn't, unless you're doing dodgy taxes. Tax rates for salaried employees only surpass VAT and other taxes charged to self-employed professionals when you reached the highest income brackets.
Also, as a self-employed professional you are forced to pay your own contributions to social security, which for salaried employees are paid by the employers.
To reign you back to reality, in Europe not even FANGs pay that kind of salaries. They only pay that kind of cash to senior and staff-level engineers.