Alex381
Well-Known Member
Yep. My federal tax typically lands around 12% overall, but that ignores 6.2% for social security and 1.45% medicare, then 2.75% state, 3.25% local, 8% sales tax. Once those and all the other odd ball Taxes are factored in, it works out to about 40%.But you have to look at the whole picture, one hand giveth and the other takes away!
There are so many different taxes and until you look at all of them and the impact on you in each country it is impossible to compare. In general most countries tax about the same overall but how they get there is very different.
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