5 ms·
I wouldn't say, "lightly taxed". I pay over 50% of my annual income in federal, state, and sales tax. I also pay between 1% - 4% of the value of my real estate
by joshuaheard 7y ago
I wouldn't say, "lightly taxed". I pay over 50% of my annual income in federal, state, and sales tax. I also pay between 1% - 4% of the value of my real estate every year in property taxes, depending on the jurisdiction. Then there are the fees ($1,000 annual vehicle registration fees, for example).
- paxys 7y agoI pay the same, but I (and I assume you) live in the highest taxed state & city in the country. This is very far from what the median American citizen pays.
- whalesalad 7y ago1. How the hell is your tax rate so high. 2. $1000 in (annual) vehicle registration fees means you’re driving a sweet car, so I wouldn’t complain. In some European countries you might pay 100% or more of the vehicles sales cost in taxes and fees.
- prostoalex 7y agoNot the poster but I’d assume that things add up between 37% top federal bracket, 13.3% top California bracket and 10%ish sales tax rate depending on where one lives in the state. Those are top rates, unclear whether “over 50%” refers to effective tax rate once all deductions are taken care of.
- rayiner 7y agoThat’s lightly taxed compared to say France, where the 41% marginal rate kicks in around $80,000 and the VAT is 20%.
- Tade0 7y agoAs a contractor in Poland I pay 19% income tax + about €320 fixed pension fund and health insurance, which are both partly tax-deductible. There's of course VAT, but Americans have sales tax, which is lower, but significant. All in all taking into account average VAT paid per month my tax rate is 32%. This is lightly taxed.
- lostmsu 7y agoThis is all very wrong. You don't count income in brackets, and tax deductions correctly.