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As far as I can tell, there's no state income tax in Australia. Not sure about city taxes. I did mention that even if you live in a tax-free state in the US, t
by nodamage 10y ago
As far as I can tell, there's no state income tax in Australia. Not sure about city taxes.
I did mention that even if you live in a tax-free state in the US, the tax savings is essentially wiped out by having to pay for your own health care. Especially if you have a spouse and kids, between monthly health care premiums and deductibles that's probably another $10-$15k out of pocket, if not more.
Edit: Just ran a family of 4 (30 year old parents, 5 year old kids) through an ACA calculator. A silver plan runs around $800/month, with a total out-of-pocket max of $14,300. So, up to $25k/year in extra health care costs. It's absurd.