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> In Germany, the 42% income tax rate (just a couple of notches below the 45% max) kicks in at 56,000 euros. But they don't have additional state tax (+12% in
by riku_iki 5y ago
> In Germany, the 42% income tax rate (just a couple of notches below the 45% max) kicks in at 56,000 euros.
But they don't have additional state tax (+12% in California), right?
- kova12 5y agoand they also dont owe an arm and a foot everytime they go to hospital
- xyzzyz 5y agoAnyone who makes $100k+ in US, has health insurance with a few thousand dollars annual maximum out of pocket. More importantly, while in the US, healthcare insurance is typically a benefit offered on top of the cash salary, in Germany, health care tax is deducted from the salary. So, if you’re American household making $100k, you’ll spend $3k on Medicare tax, and then you’ll spend up to your out of pocket max, typically less than $5k/year (and you’ll hit the max only in years in which you heavily use healthcare). In contrast, if you’re German making 100k EUR, you’ll be paying 8k EUR healthcare tax every single year.
- refurb 5y agoNo, but you won’t hit a 42% marginal rate in CA until you make over $207,000 as an individual.
- hollerith 5y agoNo, but it is much easier for a US citizen to move from California to a state with no income tax than it is for a German citizen to emigrate.