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CAs tax rate when you factor in federal tax is comparable to the EU and we get none of the benefits.
by sushid 6y ago
CAs tax rate when you factor in federal tax is comparable to the EU and we get none of the benefits.
- dragonwriter 6y ago> CAs tax rate when you factor in federal tax is comparable to the EU Nominal rates might be, but tax burden is not. California tax burden is well under 15% GDP, and federal collections in the state are a tiny bit higher than state tax revenues, together still under 30% tax burden. EU overall tax burden is over 40% of GDP.
- srtjstjsj 6y agoHow do these numbers look when you count health care/insurance cost for CA instead of only for EU?
- danielheath 6y agoCount school fees and student debt too - public schools in most of the EU are good enough that you don’t have to go private the way the US does.
- dragonwriter 6y agoYou don't need to go private in the US, either, that's largely a status display and a mechanism for non-educational social benefits more than an actual educational benefit; like the difference between outcomes in different public schools outcomes, the vast majority of difference between education outcomes in private and public schools is explained by factors outside of the school attended that determine educational outcomes (socioeconomic status, parental educational attainment, engaged parenting, etc.)
- dragonwriter 6y ago> How do these numbers look when you count health care/insurance cost for CA instead of only for EU? Then you are counting the cost of the thing you are complaining about not getting for your supposedly-equivalent taxes in order to try to justify the claim that the taxes are equal.
- rlanday 6y ago30% federal plus 15% state is also higher than 40%, isn‘t it?
- KMag 6y agoGP is saying 15% state plus 15+epsilon% federal < 40%
- justinmeiners 6y agoI agree, that state is a mess. I happen to live in state with low taxes and affordable school. Perhaps the european model is better overall, or perhaps there are other complications. Regardless, the debate is not "free" vs "pay private companies". Both models have costs and benefits.
- deleted 6y ago[deleted]
- sushid 6y agoWhich state is this? Just curious. Most of us in the Bay Area are here due to our jobs, not because we love the place.