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by bradlys 1132 days ago
It’s about 36%. https://smartasset.com/taxes/paycheck-calculator#EcokmNT9zH
1 comments

That appears to be the effective rate for income tax, but there are also sales taxes, "stamp" tax on things like houses and cars, excise taxes (especially on fuel), property tax, and inflation. I'm pretty confident you can get above half at a high income in California, New York, or especially Massachusetts.

You do get something for that, but it is surprising (to me anyway) for example how similar the percentages of GDP spent on social welfare are between the blue U.S. states and Australia, and how much more the Australians seem to get for the money.

> You do get something for that, but it is surprising (to me anyway) for example how similar the percentages of GDP spent on social welfare are between the blue U.S. states and Australia, and how much more the Australians seem to get for the money.

Most social welfare programs that people can get in NY are niche. You generally have to meet certain demographic requirements. It also takes years of paperwork and waiting to get into anything if you aren't a single/battered mother.

I paid well over 40% of my income in taxes and had no hope of ever accumulating any assets or meaningful retirement and zero safety net if anything went south for me. My friends in Denmark and Sweden only paid a little bit more for what is effectively a cradle-to-grave nanny state. And they all manage to own their apartments.