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Why would you use the pre-tax number? Also, at 6 hours that means you're definitely in some top percentile of income. For me that number is at least 20 hours, a
by wlievens 17y ago
Why would you use the pre-tax number?
Also, at 6 hours that means you're definitely in some top percentile of income. For me that number is at least 20 hours, and I make an above-average income for the (first-world) country I live in.
- nostrademons 17y agoBecause tax rates vary across countries, so if you're trying to compare standards of living based on real income, it's slightly less misleading than using post-tax dollars. Only slightly, though. The idea is that one should separate out differences in SOL resulting from division-of-labor vs. those relating to government policies, since the original poster's argument is that division of labor results in less overall welfare.