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But you have to add state taxes - in NYC and CA the state+federal is comparable to European taxes: and in Europe, those taxes include healthcare and academic ed
by beagle3 6y ago
But you have to add state taxes - in NYC and CA the state+federal is comparable to European taxes: and in Europe, those taxes include healthcare and academic education, which you pay for independently in the US.
- fomine3 6y agoHow US unique is that they have tax haven states inside the country.
- beagle3 6y agoFor companies. The same is not afforded for individuals. A minority of states have no state personal income tax - and in those states, the effective top bracket is indeed ~30% lower than the European average - but these cover a small percentage of the population. NY and CA have rates of 10-15%