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As a mechanical point: income tax comparisons should also include payroll taxes. It may not flip the analysis here, but payroll taxes tend to be much higher in
by shuckles 7y ago
As a mechanical point: income tax comparisons should also include payroll taxes. It may not flip the analysis here, but payroll taxes tend to be much higher in Europe.
- rayiner 7y agoI think the calculator above includes payroll tax (= national insurance tax in the U.K.)
- papln 7y agoThey should also include health insurance, which they don't in the US, and costs about $10K/yr (with high variance for family size and benefits package), or another 2-4 % on rayiner's example (again, high variance due to # of wage earners).