Only place in Europe where you pay over 50% income tax is if you have a high wage job in the Nordic countries, so called margin tax. Average income tax in the Nordic countries are around 30%, and every other country is lower.
He also picked the highest VAT, 25%, also from the Nordics, all of EU is lower than that, and not all items charge VAT, there's reduced vat for essential groceries, all the way down to 6%, and that's in Sweden which has the highest VAT. Rent and utilities also don't have VAT.
He pretends that EU has both sales tax and VAT, which is not the case, sales tax is the US version of VAT, EU does not have any sales tax.
Look closer and you'll notice that all of his math is wrong too, for instance he "forgot" the sales tax for the US, but doubled it for EU.
He also assume that living cost in EU is almost $2000/mo, while in the us you could cover all your living costs by only $666/mo. 🤡🤡🤡
He use a mix of the Nordic countries to get the most expensive metric possible for every tax, then apply margin tax (extra tax for high income workers) on a low wage wage. The whole meme is retarded.
Only place in Europe where you pay over 50% income tax is if you have a high wage job in the Nordic countries, so called margin tax. Average income tax in the Nordic countries are around 30%, and every other country is lower.
He also picked the highest VAT, 25%, also from the Nordics, all of EU is lower than that, and not all items charge VAT, there's reduced vat for essential groceries, all the way down to 6%, and that's in Sweden which has the highest VAT. Rent and utilities also don't have VAT.
He pretends that EU has both sales tax and VAT, which is not the case, sales tax is the US version of VAT, EU does not have any sales tax.
Look closer and you'll notice that all of his math is wrong too, for instance he "forgot" the sales tax for the US, but doubled it for EU.
He also assume that living cost in EU is almost $2000/mo, while in the us you could cover all your living costs by only $666/mo. 🤡🤡🤡