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We're already way off topic, but it's 40%. And we're talking about two countries with significantly different tax rates and social contributions.
by pseudojim 4y ago
We're already way off topic, but it's 40%. And we're talking about two countries with significantly different tax rates and social contributions.
- chrisseaton 4y ago> but it's 40% Eh? 42800 / 28571 = 1.498 > significantly different tax rates and social contributions Eh? "includes all forms of income as well as taxes and transfers in kind from governments for benefits such as healthcare and education"
- Bud 4y agoYou might want to actually read that Wikipedia page; those figures are very very heavily massaged in multiple ways, and not everyone would necessarily agree with how they are massaged. Suffice it to say, there's a large fudge factor here, much larger than the difference you are trying to point out.
- chrisseaton 4y ago> those figures are very very heavily massaged in multiple ways One person complains they don't account for taxes and benefits, and another complains they do!
- Bud 4y agoTrue. Fair enough. It's hard to figure out precisely what the right way to measure this is.
- socialdemocrat 4y agoYeah, I think when you start trying to cram that much stuff into a single number it will end up misrepresenting reality. People like the simplicity of single numbers for comparison, but it is about as sensible as describing a personality by a single number. I think I would rather show the median value for a variety of variables. Not everything makes sense to turn into dollars. How do you turn health care into dollars? What you pay for it is not a true reflection of the quality. US tends to look good when things are turned into dollars and a lot worse when real world metrics and outcomes are measured such as health, happiness, safety, stress, life expectancy, leisure time etc.
- Rexxar 4y agoSo 50% more in one direction, 33% less in the other. This is the eternal question of percentages misunderstandings between peoples. But this doesn't feel "quite a lot poorer" to me, just less rich that the number one.
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- chrisseaton 4y agoSo where's 40% from?
- Rexxar 4y agoAsk the one who use this number. I would suggest 33% and bad rounding.
- pseudojim 4y ago> Eh? 42800 / 28571 = 1.498 I calculated percent difference. > Eh? "includes all forms of income as well as taxes and transfers in kind from governments for benefits such as healthcare and education" You're right, thanks. I was reading off my phone and missed that.
- chrisseaton 4y ago> I calculated percent difference. But the difference is 14229, which is 33% of US income, or 50% of France income.
- pseudojim 4y ago(|42800 - 28571| / [(42800 + 28571) / 2]) x 100 = 39.87% I was taught to use an average of the values in the denominator in a case like this to avoid the confusion @Rexxar pointed out. https://www.calculatorsoup.com/calculators/algebra/percent-difference-calculator.php https://www.calculatorsoup.com/calculators/algebra/percent-d...
- deleted 4y ago[deleted]