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The 30% assume gross, pre tax income - not net. Ed: obviously the 50/30/20 rule sums to 100% so would need to be net - although the US is weirdly treating heal
by e12e 4mo ago
The 30% assume gross, pre tax income - not net.
Ed: obviously the 50/30/20 rule sums to 100% so would need to be net - although the US is weirdly treating health insurance as a "premium service" that go into the 50% here, not into taxes like in a modern society.
- selfmodruntime 4mo agoThis rule makes little sense for a country with an almost 50% tax rate.
- littlexsparkee 4mo agoIt originated in the US, not meant to apply to all contexts/countries.