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A comment on Portugal seeks to become low-tax haven for young people. Parent comment

Re:Portugal seeks to become low-tax haven for young people by ativzzz on Thursday October 10, 2024 @11:06AM (#41799618)
Not even close, the marginal federal tax rate is 12% for income between $11k and $44k [0]. This doesn't take into account state/property taxes, but it's nowhere near

[0]https://www.irs.gov/filing/federal-income-tax-rates-and-brac...

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Re:Portugal seeks to become low-tax haven for young people by lostmsu on Thursday October 10, 2024 @03:11PM (#41802337)
Both calculations should include VAT btw
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Re:Portugal seeks to become low-tax haven for young people by s1artibartfast on Thursday October 10, 2024 @04:19PM (#41803111)
you have to adjust for median income and PPP. also, state taxes are often substantial.
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