In the US, it depends on your income brackets. There is the Fed tax which everyone pays, and then there are the State Income Tax which only same States have them.
The effective rate (post calculation of everything) could go as high as 45%+ in some states, and it’s not like you actually benefits from the vast majority of these taxes.
In Europe it's more like 50%.
Insane.
In the US, it depends on your income brackets. There is the Fed tax which everyone pays, and then there are the State Income Tax which only same States have them.
The effective rate (post calculation of everything) could go as high as 45%+ in some states, and it’s not like you actually benefits from the vast majority of these taxes.
Theft.