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> Got any numbers on this? I was under the impression that effective tax rate is pretty much the same (if not lower, depending on your income) in London vs New
by chimeracoder 8y ago
> Got any numbers on this? I was under the impression that effective tax rate is pretty much the same (if not lower, depending on your income) in London vs New York
I have no idea how they're calculating those numbers in that link. They're all dead wrong.
> Except private insurance in Europe is basically subsidised by government programs, which is why they are so much cheaper than in the US. Also, co-pays may exit, but do deductibles? I'm not aware of that.
Once again, none of this is relevant, because at the end, it all works out to the same level of coverage, except with dramatically higher levels of disposable income for people in the US compared to those other cities.
It literally doesn't matter how heavily the government subsidizes it, because it still doesn't make up for the dramatically lower salaries.