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If we are going into such detail then we also need to take into account differing currencies, cost of living, salary distribution, purchasing power parity, sale
by david-gpu 6y ago
If we are going into such detail then we also need to take into account differing currencies, cost of living, salary distribution, purchasing power parity, sales taxes, property taxes, tax credits, etc.
Just as an example, my salary in the US would be 30-40% higher and denominated in a currency that is worth 34% dollar for dollar.
- vkou 6y agoSales tax in Ontario is 13%, sales tax in Cali is 7%. Property tax in Toronto is 0.61%, property tax in San Francisco is 1.18% [1]. The net burden of these non-payroll taxes is pretty similar. [1] Assuming you're one of those suckers that isn't laughing all the way to the bank, thanks to the mindboggling piece of legislature called 'Proposition 13'.