Americans Aren’t Making Babies, and That’s Bad for the Economy

Re:Americans Aren’t Making Babies, and That’s Bad for the Ec... by apta on Wednesday July 29, 2020 @04:19PM (#23991130)

> One year in SF as a single man I calculated my total tax rate was about 45%.

I'm assuming that's because of your salary bracket. For a similar level compensation in the UK would most likely be at least 60%-65% if not more.

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Re:Americans Aren’t Making Babies, and That’s Bad for the Ec... by Gibbon1 on Wednesday July 29, 2020 @06:39PM (#23992356)

But 45% with no benefits at all. Add 8% for healthcare. Add another 15% for retirement contributions. 45% + 8% + 15% -> 68%. But that's just me.

I talk to friends that have families that have lived in Europe and the US. And it's much easier in Europe. All the smoke and mirrors doesn't change that.

Basically yes if you have a lot of passive income then the US is much better. If you have middle class amounts of earned income it's worse to terrible.

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Re:Americans Aren’t Making Babies, and That’s Bad for the Ec... by DanBC on Thursday July 30, 2020 @10:58AM (#23998942)

How are you getting 65%? https://www.gov.uk/income-tax-rates

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