3 ms·
I was providing my personal anecdotal experience of having the basically the same net income in 3 places. 37% federal tax also does not account for 6.8% state t
by the_mar 4y ago
I was providing my personal anecdotal experience of having the basically the same net income in 3 places.
37% federal tax also does not account for 6.8% state tax and the 3.8% NYC tax which I know does not apply to all of the US, but then we get into the territory where we have to address that I will probably not have same income in bumblefuck alabama anyway.
People here are talking like the difference between US taxes and EU taxes is 20% or more, when in reality it’s maybe 5%
- rendang 4y agoThe difference in tax burden is give here: https://data.oecd.org/tax/tax-revenue.htm https://data.oecd.org/tax/tax-revenue.htm . It varies quite a bit by country, but the contrast with France/Nordics is particularly large
- the_mar 4y agoI’m not sure how income tax % to GDP is relevant here, but perhaps I am looking at a wrong thing, it’s quite painful on mobile UPD: looked at the tax wedge, the US vs UK looks pretty similar to me- which supports my point. Germany looks a lot higher, but they have 100% free tuition and I am not familiar with the rest of the benefits germans get.