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Me000 | 1 year ago

In America the tax rate is higher? People are reacting like this is a lot haven’t seen a paycheck in the US in there lifetime. US is maybe 5% lower under some circumstances. I thought fake outrage was banned here?

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ativzzz|1 year ago

Not even close, the marginal federal tax rate is 12% for income between $11k and $44k [0]. This doesn't take into account state/property taxes, but it's nowhere near

[0]https://www.irs.gov/filing/federal-income-tax-rates-and-brac...

codezero|1 year ago

Most people working in tech are making much more than that as are anyone considering moving to Portugal for a tax break. It’s a lot closer to 24-32% for that demographic.

lostmsu|1 year ago

Both calculations should include VAT btw

s1artibartfast|1 year ago

you have to adjust for median income and PPP. also, state taxes are often substantial.

wil421|1 year ago

At the levels OP described I’d be at 17% federal and state taxes rate. I’m at about 42% with state and federal but you need to add and zero and double the amounts to get close to our household income.

Not sure if Portugal uses marginal tax rates or not.

ramses0|1 year ago

Plus mandatory insurance (minimally: health, arguably: car due to extremely poor public transit)