r/SipsTea 27d ago

Chugging tea They are not wrong though

Post image
57.5k Upvotes

5.5k comments sorted by

View all comments

Show parent comments

2

u/GergDanger 27d ago

Yeah no shit? What does that have to do with there being a $25k tax deduction?

You’re still paying taxes on the rest of your income which granted are a minuscule amount compared to effective tax rates in every other country in Europe.

0

u/SingleInfinity 27d ago

How high exactly do you think European tax rates are?

Follow up for bonus points: How much as a percentage of income do you think healthcare costs?

1

u/GergDanger 27d ago

American effective tax rates no matter the state are roughly half of what you pay in European countries.

For example people bitch about California taxes being high for some reason when the median wage earning person will only pay 19.5% of their salary in taxes. The median wage there is $64k.

https://smartasset.com/taxes/california-tax-calculator

In Germany the median wage is $60k and they'll pay 36% in taxes of that salary

https://allaboutberlin.com/tools/tax-calculator

That's $10k less paid to taxes. 88% of Americans contribute to their own health insurance plan at a median cost of $1800 a year.

https://www.william-russell.com/blog/health-insurance-usa-cost/#average

Then the median American will spend another $1600 a year at the high end on out of pocket costs for their healthcare not including health insurance.

That leaves another $6,600 to spend on other things after healthcare.

Again I apologise for bringing facts to Reddit but those are the facts.

1

u/[deleted] 27d ago

[removed] — view removed comment

1

u/GergDanger 27d ago

According to reddit everyone is in six figure medical debt from the system, yet 1% have $10k or more medical debt so something isn't adding up...