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Here's my problem with the American system- we laugh at European tax rates as being "too high." But let's take a look at what the European gets for his hypothe
by olegious 14y ago
Here's my problem with the American system- we laugh at European tax rates as being "too high." But let's take a look at what the European gets for his hypothetical 50% tax rate and what I get for my 30%: he gets healthcare, pension, low cost education, good public transport. Me? Um... all of a sudden my "low tax rate" (vs Europe) doesn't seem that low.
- beagle3 14y agoLiving in NYC, I pay 48%: 35% federal, 13% city. So I pay European tax rates. People in California and many other "nice to live in" states have similar rates. So it is not even nominally lower, even if you don't count education, pension, healthcare and public transport.
- olegious 14y agoGood point, I forgot about my California taxes :(.