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In Belgium your tax rate is %50 (over 38,080eur[2]). That is totally insane I thought... The US: For hn types, the tax rate would be 28% (fed) + 10% (state tax
by ransom1538 9y ago
In Belgium your tax rate is %50 (over 38,080eur[2]). That is totally insane I thought...
The US: For hn types, the tax rate would be 28% (fed) + 10% (state tax CA) + 9% (medical cost deductions per paycheck[1]) + 8% sales tax (ca) = 55%? (also subtract medical bills will seize all your property later in life though, and any private schools needed). I am sure Belgium has many other costs, hell add %10 to Belgium. It is still comparable.
[1] http://budgeting.thenest.com/much-average-paycheck-gets-deducted-health-insurance-31197.html http://budgeting.thenest.com/much-average-paycheck-gets-dedu...
[2] http://taxsummaries.pwc.com/ID/Belgium-Individual-Taxes-on-personal-income http://taxsummaries.pwc.com/ID/Belgium-Individual-Taxes-on-p...
- turbinerneiter 9y agoAdd university. I graduated with 20k savings, Americans with 200k debt.