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Took the time to add it all up. Between federal,state,city income tax, sales tax, property tax, excise taxes, healthcare (which European taxes pay for already)
by PenguinCoder 4y ago
Took the time to add it all up. Between federal,state,city income tax, sales tax, property tax, excise taxes, healthcare (which European taxes pay for already) premiums; I pay 53% of my income in some form of taxes. I'm not sure if that's less taxes than in Europe, but I'm pretty sure they don't pay 50%+ of their pay towards tax.
- mgraczyk 4y agoIncredible. I wonder what you're doing differently. My rate is around 30% and I live in San Francisco and pay ~9% to the state. Like most of my 150,000 coworkers, I pay ~0% out of pocket for healthcare. Maybe that's the main difference?