{"id":199635,"date":"2007-07-09T21:45:00","date_gmt":"2007-07-10T02:45:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/07\/09\/relative-taxes-which-country-has-more-money-in-pocket\/"},"modified":"2007-07-09T21:45:00","modified_gmt":"2007-07-10T02:45:00","slug":"relative-taxes-which-country-has-more-money-in-pocket","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/07\/09\/relative-taxes-which-country-has-more-money-in-pocket\/","title":{"rendered":"Relative Taxes, Which Country has More Money in Pocket."},"content":{"rendered":"

Facing South has a a good analysis of how our real earnings compare to those of Europe:<\/a><\/p>\n

Going back to the previous example of combined employer and employee income and “social security” taxes, here’s the same example with only the employee’s portion, i.e. take-home pay after payroll deductions:<\/p>\n\n\n\n\n\n\n\n
Take-home pay, $50,000 income (USD)<\/td>\n<\/tr>\n
<\/td>\nUS<\/td>\nFrance<\/td>\nUK<\/td>\n<\/tr>\n
Payroll Tax<\/td>\n$3750<\/td>\n$4500<\/td>\n$4352<\/td>\n<\/tr>\n
Income Tax<\/td>\n$6945<\/td>\n$7915<\/td>\n$8156<\/td>\n<\/tr>\n
Take-home<\/td>\n$39,305<\/td>\n$37,585<\/td>\n$37,492<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

So the British and the French take home a little less and pay a little more in VAT, but their health care is fully covered (the French employee is still paying the 8% for 100% coverage). The American employee still has to pay for health insurance (anywhere from $600 to $3000 per year in payroll deductions depending on the type of policy and company size), and most also pay additional state and local income taxes (for example, approx. $2500 in Georgia, $3000 in North Carolina, or $3900 in NYC).<\/p><\/blockquote>\n

Not only is he missing the whole safety net, but also the fact that a car is a luxury in places like the UK and France, where a good mass transit system exists, but a necessity in the US.<\/p>\n

Additionally, you have far fewer worker protections here.<\/p>\n

We spend more, but that’s because we are in debt up to our eyeballs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Facing South has a a good analysis of how our real earnings compare to those of Europe: Going back to the previous example of combined employer and employee income and “social security” taxes, here’s the same example with only the employee’s portion, i.e. take-home pay after payroll deductions: Take-home pay, $50,000 income (USD) US France …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1023,983],"tags":[],"class_list":["post-199635","post","type-post","status-publish","format-standard","hentry","category-economy","category-labor","category-taxes"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199635"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=199635"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/199635\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=199635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=199635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=199635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}