The Money Mustache Community
General Discussion => Welcome and General Discussion => Topic started by: gaja on June 09, 2018, 04:31:35 PM
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This graph, showing how much people in different OECD countries earn, gross and net, compared to taxes, is really interesting: https://howmuch.net/articles/money-people-take-home-after-taxes
(https://cdn.howmuch.net/articles/money-take-home-after-taxes-6008.jpg)
I don't think they include all types of taxes, like property tax, sales tax, toll roads, etc. And it would be nice to see calculations for what you get for the money, like adding expenses if you have to pay for childcare or medical care. But still, interesting statistics.
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I don't think they include all types of taxes, like property tax, sales tax, toll roads, etc. And it would be nice to see calculations for what you get for the money, like adding expenses if you have to pay for childcare or medical care. But still, interesting statistics.
Yeah, that kind of infographic is cool, but not particularly useful, because of those issues you raise. Don't forget state income taxes as well. We pay twice as much in state property, sales, and income taxes as we do for Federal income and FICA taxes.
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I don't think they include all types of taxes, like property tax, sales tax, toll roads, etc. And it would be nice to see calculations for what you get for the money, like adding expenses if you have to pay for childcare or medical care. But still, interesting statistics.
Yeah, that kind of infographic is cool, but not particularly useful, because of those issues you raise. Don't forget state income taxes as well. We pay twice as much in state property, sales, and income taxes as we do for Federal income and FICA taxes.
That varies by state. I pay a much larger percentage of income on federal income tax and FICA than I do on state income and property tax, and our flat state sales tax of 6% doesn’t apply to unprepared foods (i.e. non-ready to eat food groceries).
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Its very interesting how similar the tax percentages are across the different nations except for a few outliers.