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> ... but our taxes are much higher as well. Not sure who the "our" is in your comment, but: "So there you have it, if you are wealthy and live in California
by mikepurvis 6y ago
> ... but our taxes are much higher as well.
Not sure who the "our" is in your comment, but:
"So there you have it, if you are wealthy and live in California you are paying more income tax than people who live in the European Unions’ largest economy. Of course this is only one facet of the tax system. There are many others, like the value added tax of 19% in Germany, but Germany’s corporate tax rate is 15% while ours in 35%. If you live in California and are paying these high rates you can’t even take solace in the fact that you’re working less. In Germany the average work week is 35 hours with 24 paid vacation days and 10 paid holidays!"
http://bvcocpas.com/how-the-united-states-tax-rates-compares-to-germany/ http://bvcocpas.com/how-the-united-states-tax-rates-compares...
- luckylion 6y agoWhile the numbers are from a decade or two ago: yes, I'm pretty sure the top 10% in the US pay more taxes than the average person in Germany. But that's really not a large factor for most people because they're by definition not in the top percentage of the country.
- mrep 6y agoThat quote is about a person with a million dollars in wages in the highest income tax state and it doesn't factor in payroll taxes which contribute to the tax wedge on income. The tax wedge for a single worker with no children earning the nations average wage in 2019 was 49.4% for germany and 29.8% for the united states [0]. That's not to say government provided healthcare is incompatible with lower taxes as there are other countries around the US tax wedge rate with government healthcare but germany is not a good example of that especially for the average person. [0]: https://taxfoundation.org/publications/comparison-tax-burden-labor-oecd/ https://taxfoundation.org/publications/comparison-tax-burden...