4 ms·
I live in a European country with a public health care system. The lowest tax bracket is ~34% and the highest ~44%. However due to a minimum below which no tax
by Swenrekcah 7y ago
I live in a European country with a public health care system.
The lowest tax bracket is ~34% and the highest ~44%.
However due to a minimum below which no taxes are paid and other features, the effective rax rate for a $35k salary is ~15%. For a $90k salary it’s about 32%.
A median salary is about $70k.
This is excluding pension (the employer pays that on top to a pension fund).
Public services are pretty good and not expensive for me, they are even cheaper for people in lower income levels.
(Putting a kid in kindergarten is about $100-200/month for example)
If you take everything into account, I suspect it’s the US system is a much worse deal for everyone except the top 5-10%.