Quote:
Originally Posted by MaDalton
but the average tax rate for a german that makes 60.000 Euro per year ($80K) is 28%
and they have a 19% sales tax (but its already included in the prices, you dont notice it cause you never see the net price)
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In case you were interested in how much it's in the US:
According to:
http://www.calcxml.com/calculators/f...tax-calculator
Gross income $80,000
Qualified plan contributions - $0
Adjusted gross income = $80,000
Standard/Itemized deductions - $6,100
Personal exemptions - $7,800
Taxable income = $66,100
Tax liability before credits $12,454
Child tax credits - $0
Estimated tax liability = $12,454
that's 15.6%
and according to:
http://www.parmentier.de/steuer/incometax.htm
tax for 60k Euro is about 30%
so not only are you paying DOUBLE tax on your income, when you spend it you pay DOUBLE sales tax as well...
not sure about you, but to me paying 15% and having at least extra $10k per year to spend on anything I want including healthcare is better than paying 30% and getting "free" healthcare....