We’d rather have the iceberg than the ship

Re:We’d rather have the iceberg than the ship by flavius29663 on Friday July 23, 2021 @06:35PM (#27936368)

Romania is much poorer than Norway, but the tax is the same - it's a flat tax rate. Play with the calculator and you'll see. The numbers are in RON - which is 5 times smaller than the dollar, and the value is implied to be monthly - but it makes no difference because of the flat rate.

In other countries you might have tax brackets, but I know from experience that it's very easy to reach 45% total tax rate (not marginal).

e.g. try Belgium, at 100k the state gets 50% https://www.belgiumtaxcalculator.com/?salary=100000&average=...

Try UK. At 50k you pay "only" 26%, but then in the US you pay almost nothing, if you have a family with kids and use the deductions smartly.

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Re:We’d rather have the iceberg than the ship by raverbashing on Saturday July 24, 2021 @02:37AM (#27938937)

True, Belgium is one of the highest.

> but then in the US you pay almost nothing

Well, not really. In NY that would be 27% (converted). And you pay 31% at $100k in NY (or 34% in 150k ) https://smartasset.com/taxes/new-york-tax-calculator

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