View Single Post
Old 12-19-2013, 02:29 PM  
Minte
Babemeister
 
Industry Role:
Join Date: Jun 2001
Location: Madison
Posts: 7,081
Quote:
Originally Posted by woj View Post
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....
I would imagine that same scenario exists everywhere there is socialized medicine. And I agree with you. To pay that much fixed income tax and then rarely if ever use healthcare would be a bitter pill to swallow.
__________________
You might not be as anonymous as you think you are.
Minte is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote