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When you factor in state taxes + all the things the US government doesn’t do for me (particularly us upper middle class folks), my effective tax rate is pretty
by hamandcheese 5y ago
When you factor in state taxes + all the things the US government doesn’t do for me (particularly us upper middle class folks), my effective tax rate is pretty on par with Germany.
- refurb 5y agoAs someone who came from a country with similar tax rates as Germany that’s a no from me dog.
- vkou 5y agoIf you think this, you probably haven't accounted for the astronomically higher costs of education, and healthcare in the United States. You also probably haven't done a full accounting of the taxes you actually pay in the United States (You need to include your employer's portion of Social Security and Medicare, which is another ~10% of your income.) Your tax rate starts looking a lot worse, and you end up getting a lot less when you add all this up. On the bright side, your money is paying for corn subsidies in Iowa, and 9 aircraft carrier strike groups.
- refurb 5y agoOh I've most certainly accounted for it. Paying for healthcare and education isn't that hard when you get to keep another 10-20% of your income each year.