4 ms·
Yet as bad as our taxes are in the states, I'm still not losing upwards of 60% of my income!
by fivestar 9y ago
Yet as bad as our taxes are in the states, I'm still not losing upwards of 60% of my income!
- ceejayoz 9y ago> I'm still not losing upwards of 60% of my income! Nor are Europeans. http://cdn.static-economist.com/sites/default/files/imagecache/1872-width/images/2012/10/blogs/graphic-detail/20121020_inc285_0.png http://cdn.static-economist.com/sites/default/files/imagecac... Side note: I pay $28k/year in premiums and copays for healthcare, so I'd happily accept the higher tax rates. Employer-paid premiums hide the true costs of the American healthcare system from most.
- runako 9y ago> Employer-paid premiums hide the true costs of the American healthcare system from most. This. I'm actually shocked at the number of economists currently scratching their heads wondering where wage growth has gone, and when it will return. It seems obvious that the answer is that wage growth never left, it has simply been transferred wholesale to the health insurance side of the ledger so employees don't feel any richer.
- gumby 9y agoI think if you add taxes + medical expenses you'll find you pay about the same or even more than in most of Europe.
- corybrown 9y agoTop bracket for California and NYC works out to over 50%, but without free healthcare, education, and retirement.
- pjc50 9y agoIncluding health insurance? (It's extremely hard to lose 60% of your income as income taxes in much of Europe. UK tops out at slightly over 50%)