[prasadjoglekar]

"You've also got a top marginal personal income tax rate approaching 60% which is nearly twice that of the US and political suicide."

That's only true if you count Federal Income Taxes alone. By the time you're done with Social Security, Medicare, state and city taxes (esp in NY, CA), the top marginal tax rate here approaches 50%.

[phil21]

Everyone ignores this when talking about taxes. I had an accountant do the math for me out of curiosity if I were to move to the Netherlands - and my marginal tax rate would have increased a whopping 7%.

I would have saved more than that in health care related expenses, so it was more or less a wash with that included.

People that say the US is low taxed are simply not paying attention. I pay comparable "all in" taxes as my Canadian co-workers.