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> Salaries are lower than USA, the taxes are ridiculous, (progressive up to 50%), reasonably new house prices in reasonable locations are in millions. Marginal
by jjav 4y ago
> Salaries are lower than USA, the taxes are ridiculous, (progressive up to 50%), reasonably new house prices in reasonable locations are in millions.
Marginal tax rates in California are also around 50% as well (above or below, depending on income). Houses are certainly in the millions.
But on top of this you get to pay separately for extremely expensive health insurance and education, things that in most countries are very reasonably priced or even "free" (not free since it's paid for by the taxes, but at least you get services in exchange for your taxes, unlike in the US where you pay the taxes and have to pay separately for all the services).
- iExploder 4y agoI'm not an expert on this but a quick check online and I found tax brackets for California: $35,000-$80,000 [25%] $80,000-$170,000 [28%] I'm just going to let you know that in Europe (Austria) personal income of 32,076 to 62,080 is taxed at 42% rate above 60k is taxed with 50%. And this does not include social and health insurance that is mandatory... To give you TLDR of the European experience, you look at the gross salary, multiply by 0.45 and this is the real money you would see landing in your account, .. enjoy .. :)