3 ms·
In the US median household income is around 75k and average cost of out of pocket medical costs and insurance for a family is about 18k or about 1/4 of your inc
by michaelmrose 3y ago
In the US median household income is around 75k and average cost of out of pocket medical costs and insurance for a family is about 18k or about 1/4 of your income alongside the lower tax of at least 22%
The UK has tax brackets like everyone else and the same family would pay about 27% income tax and about 8% of their income in vat.
It looks like everyone but the very well off is worse off in the US.
Keep in mind that that family doesn't have the threat bankruptcy from an uncovered emergency room bill as well.
- bobthepanda 3y agoHousing to income is worse in the UK, particularly in London. London has a house price to median income ratio of 13. The same figure is 10 in San Francisco.