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My error. You are correct. However, the total tax rate is less, and there are no income taxes that are not progressive (social security is non-progressive bec
by einhverfr 15y ago
My error. You are correct. However, the total tax rate is less, and there are no income taxes that are not progressive (social security is non-progressive because of the tax cap in the US).
But more to the point the taxes are easier to fill out, and payment terms are a lot easier than in the US. If you have ever been self-employed and struggled with taxes because of sudden business increases partway through the year, you will know what I mean......