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In the UK a 90% income is £55k gross. Net wage on that is £40,543, so that's 26% tax. Local taxes would be about £1200 a year (council tax - a property based
by iso1631 6y ago
In the UK a 90% income is £55k gross.
Net wage on that is £40,543, so that's 26% tax.
Local taxes would be about £1200 a year (council tax - a property based tax), so call is £39k -- 29% total tax.
In the US a 90% income is $117k gross. Take home pay is 88,866, or 24% tax, that's after Federal Income Tax and Social security
On top of that there's local income tax, picking a random state -- New Mexico -- that's $4,856, leaving about $83k -- 29% total tax.
So seems that UK and US taxes are about the same, but in the US you have to fund your own healthcare.