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"If you take a 3500 $ Swedish salary with all the taxes applied, your life level might be equivalent as a 7000 $ salary in US." Completely agree. I live and wo
by draz 11y ago
"If you take a 3500 $ Swedish salary with all the taxes applied, your life level might be equivalent as a 7000 $ salary in US." Completely agree.
I live and work in Manhattan. I love the city (!) But between Federal taxes, state taxes, and city taxes, the reality is that I pay over 40% taxes. Yet, I receive none of the benefits European countries offer their citizens: state sponsored healthcare, subsidized (and good) education, etc. It's a real shame because I think it reflects very poorly on us, as a "first world" society.
For those not from the area, a few figures to give you a sense of things:
- the truth is that public schools have a bad reputation. There are a few exceptional public schools (Stuyvesant, Hunter, Bronx Science), but they're highly selective and certainly can't fit every kid in the city. I know many who send their kids to private schools (>$30K or $40K per year in tuition fees)
- health insurance is tied to one's employer, and while some is subsidized by employer), it is paid out of employee's paycheck to a private insurance company.
So, yeah, taxes may be high in France, Germany, and many other countries, but there's some return.
Again, I love NYC and all it has to offer. Objectively, one has to be honest about the pros and cons living here.
Disclaimer: I am married to a European. Perhaps I've been drinking the kool-aid :-)
- spdionis 11y agoIn countries like Sweden I think the tax cut is around 60%. Also, Europeans don't have near as much military power, there's where your money goes :).
- draz 11y agoCountries like Sweden (or maybe it's the only one) also adjusts the fine for speeding according to one's income. If you make a lot, $250 fine isn't going to deter you from speeding. But $200K might (there's probably an upper limit?) Looks like they're using their brains there... Ok, I'm convinced -- anyone hiring in Europe? ;-)