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by alimw
3418 days ago
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> 1. We are taxed on income heavily in the US. I was surprised at this so I looked it up. From the article [1] it looks as if income tax in the US is lower than in most of Europe. But yes, higher than Russia, Saudi Arabia or Mexico. [1] http://www.bbc.co.uk/news/magazine-26327114 |
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And to me, it makes a huge difference. Some folks in the midwest pay about as much per month on health insurance as they do on rent: It isn't a minor expense. Even with employer-subsidized insurance, it is easily a few hundred per month, plus they have to pay the deductible before it kicks in. $5,000 after the monthly fee when you make 50k per year is quite the expectation. (the deductible is 10% of your income at that point).