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That's the VAT tax, comparable to the sales tax in the US, so this compares as 24% vs ~6% or so in most of the US. Income tax is separate from that, and depends
by Nitramp 12y ago
That's the VAT tax, comparable to the sales tax in the US, so this compares as 24% vs ~6% or so in most of the US. Income tax is separate from that, and depends on country to, but seems to work out to quite similar percentages, at least between Germany and the US.
- dllthomas 12y agohttp://en.wikipedia.org/wiki/Value-added_tax#Comparison_with_sales_tax http://en.wikipedia.org/wiki/Value-added_tax#Comparison_with... VAT taxes sale, but it's not the same as a "sales tax". The rates don't mean the same thing, and it doesn't make sense to compare them directly without taking that into consideration.