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> Income After Taxes: $181,196 What? I thought that in U.S. taxes would be so much lower than in EU! In Bavaria, Germany, the income after taxes on €300,000 e
by rpadovani 4y ago
> Income After Taxes: $181,196
What? I thought that in U.S. taxes would be so much lower than in EU!
In Bavaria, Germany, the income after taxes on €300,000 euros is €168.131,35 in the highest contribution bracket, and €178.251,07 in the lowest!
- runako 4y agoThis is a common misconception also held by many Americans! The total tax burden paid by many Americans is very comparable to other industrialized nations. (Yes, NYC has a higher burden than most places, but the cities where many Americans live tend to have higher tax burdens in general, regardless of the politics of the leadership.) The major difference is that instead of comprehensive social services, our taxes buy us the world's most expensive military.
- Nimitz14 4y agoIn Germany you hit the higher tax brackets much quicker. I just input the numbers into a calculator and at 150k in NYC you pay 34.5 and in Bayern 43.4% taxes.