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For high earners it's still higher in EU, about 50% vs 40% but yeah it's not that significant.
by I_AM_A_SMURF 4y ago
For high earners it's still higher in EU, about 50% vs 40% but yeah it's not that significant.
- hef19898 4y agoBe aware that those 50% in the EU usually include social security, unemployment, health care and taxes, not just taxes on your salary. Also, it's less than 50% in praxis, 50% are just easier to calculate in your head.
- pedrosorio 4y agoThose 40% in California also include: - Medicare (65+ healthcare), social security (retirement) - California taxes: disability, unemployment, and for low income people, Medi-Cal covers healthcare as well