this post was submitted on 14 Feb 2024
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Spicy-Zamboni at 2024-02-14 05:54:15+00:00 ID:
kqcm3oa
Nobody pays even close to 50% in taxes. My tax rate is 37% and after some pretty good deductions because of my mortgage and compensation for a 25km each way commute and various other things, it ends up more like 30% effectively.
The marginal tax rate is over 50%, but that's only on very high incomes and only on the part that's over the amount where that tax band starts. And if your income is that high, you probably have even higher deductibles and stock options etc. etc. so it's not just straight income.
notheranontoo at 2024-02-14 06:02:59+00:00 ID:
kqcmytd
Ok so say someone is paid $22/h w a 37% tax rate then essentially they are only getting about $14/h after tax… so 3 bucks more than my estimate…
madmandendk at 2024-02-14 06:06:56+00:00 ID:
kqcncri
I'd say a 27% difference in pay is quite a lot.
InsensitiveClod76 at 2024-02-14 06:34:53+00:00 ID:
kqcpz8n
This is misleading. The danish tax includes health insurance (and other stuff). You have to compare the 14$ with what the US McD worker has, after he has paid to a comparable health insurance.
Spicy-Zamboni at 2024-02-14 07:45:15+00:00 ID:
kqcvykg
Sure, and they get free healthcare, 6 weeks of vacation, welfare, state pension, free education end even getting paid to get a higher education, just off the top of my head.