Pay for same $100k Job: USA vs EU
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You don't pay capital gains tax on income, anywhere. I know the Finnish are special, but even they can't be that retarded to tax income as if it was capital.
Norway allows you to earn up to $50k tax free? Lol, that is some insane bullshit. Maybe $5k.
Nanny state countries with progressive taxation do indeed tax you 50% on parts of your income.
Absolutely do not believe. Just googling average rent in some Scandinavian cities, and it's in the order of $1k for two bedroom apartments, nevermind a home.
Checking on price comparison cites, groceries in Finland is just 20% less expensive than somewhere like LA.
You got it wrong, part of those "muh 50%" is the included capital gains tax. You only pay that if you make more than around $60 000 yearly. Anything lower means lower tax.
This is why people don't work longer than 40 hour weeks in the Nordic countries, because there's no gain in that. I know because I live there. For most workers your income tax is 25-35% depending on country, county and municipality.
$1k for a two bedroom apartment? the hell did you look? a 5 star hotel with room service and all inclusive? I paid $300/mo for a two bedroom apartment. $500/mo gets you a house. Assuming you choose to rent. But that's retarded since owning is just as cheap.
Some brand new apartments could cost more, but that's also retarded because why would you wanna live in a apartment where just 3m from your window is the next building and surrounded by libtards? Commie blocks are much nicer inside and has plenty of space between them full of parks with big trees.
All prices in Scandinavia includes 25% VAT, remove that for comparison.
I looked up Helsinki.
Where in scandinavia are you paying $500/m for a house?
That's irrelevant to the point. From whatever money you get after all taxes, you have to buy stuff, and the stuff you're buying is hardly cheaper than in one of the most expensive cities in America.
Anywhere outside the capital cities. Smaller cities are usually cheaper. If you gonna compare Helsinki, capital of Finland and Finland's largest city then you'll have to compare to New York or Los Angeles which is many many times more expensive.
I'm not rich, but I still own a couple of houses with no debt, good luck doing that in America.
It's very relevant because all of EU includes VAT, while the US does not. You're comparing the final gross price with your net price. Don't they teach you in school how taxes work?
I'm comparing net salary to net salary.
How is that hard for you to understand?
If one person gets $50 and an apple is $1 and another person gets $20 and an apple is $0.80, then the first person can buy more apples. It's irrelevant that the second person is being screwed by taxes.
Where is the income tax 50%? I know no such place in Sweden. Here you can see them all, highest is 34.30% and that's a very small municipality with just a few thousand people who all expect plenty of services.
Over roughly $70 000 you pay "marginalskatt", a form of capital gains tax straight to the national government. That is 55%, and anyone who make that much knows how to avoid paying it anyway, only retards and government simps pays it.
Finland and Norway are terrible examples for grocery prices because they both import a lot. It's cheaper in Sweden, but it's gone up here too because of inflation. Norwegians often cross the border because it's cheaper to buy stuff in Sweden.
I never paid more than $200/mo in utilities for a house I own, paid $5000 when I bought it, most houses here don't cost more than $30 000. And since I installed solar panels and got rid of the electric bills I'm actually making money from living here. Basically rent free.
First of all, just googling "highest tax bracket sweden" I get 52% (Municipal + County). Did you just count the minicipal tax?
Secondly, you can add around 10%-15% to that. You have to count the portion that the employer pays, that's just income tax by another name.
So yeah, not 50%, more like 60%, sorry my bad.
Gulag is lying to you. 55% is the absolutely highest you would ever pay. And that's Municipal + County + Government. The last one serves only the purpose to stop you from working too much. You only pay that if you make more than $70 000/year. This system is better for low and middle wage workers.
It's a separate tax yea, labeled "fee" and often hidden from you. But it has nothing to do with your income tax. It's your health insurance, vacation days, sick leave and other benefits you would only ever see at extremely well paid jobs in the US. And that's for low wage workers too.
If you worked at McDonald's in the US you wouldn't have nay vacation days, no paid sick leave, no insurance if you hurt yourself at the job, no unemployment security in case you lose your job and it's not your fault. On the other hand there's no minimum wage either so the system is perfectly balanced.
Not if you're a low or mid income worker. Try harder next time.
Take a trip to LA or SF, notice all the homeless living on the street. That's your life as a low wage worker when your government waste all your taxes on pointless wars allover the world. Because with your 25% income tax plus sales tax you certainly don't pay much less than in Scandinavia.
This is such a weird sentence. Like hearing a cult member talk about how the assraping is really only for their own good.
First of all, $70k is not even a high salary. The average salary for a teacher in the US is nearly that at >$60k, an engineer in the US is making >$90k. For IT, doctors, lawyers, middle managers it's >$100k.
These are normal jobs, and we're not even talking about the type of jobs that can net >$200k like in finance or at the tech companies, or management jobs >$400k.
Secondly, "to stop you from working too much."..... Fucking puke.
Normal jobs have those in the US. And with the extra purchasing power, better healthcare is still cheaper.
The US might not be better if you're working in Mcdonalds, where btw you should not have fucking workers protections, I mean what the fuck are you doing working at Mcdonalds if you're above 18yo. But for pretty much every job it's better.
We were talking about the top tax bracket. But not if yeah ya think? Having a hard time sticking to the topic at hand?
The homeless aren't working you absolute retard.