Re:House Democrat's New Tax Plan Could Provide $2.9T in New ...
by hamandcheese on Tuesday September 14, 2021 @02:24AM
(#28520994)
When you factor in state taxes + all the things the US government doesn’t do for me (particularly us upper middle class folks), my effective tax rate is pretty on par with Germany.
[ Parent
| on HN ]
Re:House Democrat's New Tax Plan Could Provide $2.9T in New ...
by refurb on Tuesday September 14, 2021 @02:52AM
(#28521209)
As someone who came from a country with similar tax rates as Germany that’s a no from me dog.
Re:House Democrat's New Tax Plan Could Provide $2.9T in New ...
by vkou on Tuesday September 14, 2021 @03:49AM
(#28521600)
If you think this, you probably haven't accounted for the astronomically higher costs of education, and healthcare in the United States. You also probably haven't done a full accounting of the taxes you actually pay in the United States (You need to include your employer's portion of Social Security and Medicare, which is another ~10% of your income.)
Your tax rate starts looking a lot worse, and you end up getting a lot less when you add all this up.
On the bright side, your money is paying for corn subsidies in Iowa, and 9 aircraft carrier strike groups.