3 ms·

I pay 40% income tax (56% marginal), 25% sales tax, 35% electricity tax. It means 80k doesn't go as far as it'd seem, especially with increasing interest rates

• bruce343434 5y ago
  I doubt it to be honest. I think that that's just the bragging, survivor biased subset of the top enclave of salaries you can get in crazy expensive places like SF, NY, CA. And you still have taxes there, and (health) insurance costs a lot more.
  • fatnoah 5y ago
    Tax burden in those areas (all-in, including federal, state, and city) reaches 50% at the highest tiers, but 50% of $200k+ is a lot of money. Health insurance for bigger companies is usually very good, with about you paying around $400/month out of pocket for your family with a low/no deductible plan. That comes out pre-tax, so the true cost is lower, depending on your tax bracket. The end result is that insurance ends up being significantly less than 1% of your income at that level. That highlights the main problem with health care in the US, which is that your quality of care depends entirely on your employer.