Pay for same $100k Job: USA vs EU
(media.communities.win)
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Exactly, they are the same. They also only apply to individuals, not businesses. Consider it a anti consumerist tax which is higher on stuff like alcohol but lower on essential things like groceries. VAT also does not apply on rent or utilities.
They are fucked up in Finland too, nowhere in the Nordic countries do you pay 50% income tax. That's complete bullshit. Every country has 0% income tax up to a certain level. Sweden are the biggest assholes here allowing you to earn only $2000/yr tax free, Norway allow you to earn up to $50 000 tax free per year.
The next rate of income tax is municipality and county tax, this obviously varies between municipality and county. But is usually around 30%. This covers tax funded education, tax funded, healthcare, mass transit, social security, public parks and all of that stuff.
Once you earn more than $60 000/year you start to pay capital gains tax to the national government. All this means in reality is basically that if you plan to make a shitload of money, just become a consultant and you don't have to pay these taxes. Or it means that you limit your work hours to 40hr/weeks, because why would you work more if you don't get paid more.
Below $60 000/yr will get you very far in the Nordic countries. If you own a big house with two cars in a double garage your utility bills for that is likely no more than $500/mo. Healthy eco groceries and other essentials for a family of 4 is around $500/mo. The rest you can spend on luxuries.
This rabbi just hates Finland for some reason.
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.