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"they basically take 12.92% of your pretax earnings" Could you clarify this? Is the 12.92% your entire tax burden or the extra amount for medical? If the forme
by Grim-444 6y ago
"they basically take 12.92% of your pretax earnings"
Could you clarify this? Is the 12.92% your entire tax burden or the extra amount for medical? If the former, I currently pay $92 a month for health and dental insurance. I made nearly 250K last year. 12.92% of 250K is $2,691 per month. That's .. quite the difference.
- amelius 6y ago> $2,691 per month per year, I suppose.
- necovek 6y agoMany European countries have a high health insurance tax rate, but capped to a certain income. Eg. Germany has a 14.6% rate for health insurance[1], but capped at 56,250 EUR of income, thus making it capped at 8,212.50 EUR annually, or 684.38 EUR monthly. Still a lot more than your $92 a month :) [1]https://taxsummaries.pwc.com/germany/individual/other-taxes https://taxsummaries.pwc.com/germany/individual/other-taxes