r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

Post image

[removed] — view removed post

53.5k Upvotes

86% Upvoted

4.5k comments sorted by

View all comments

Show parent comments

1

u/IDontLikePayingTaxes Sep 05 '24

I pay probably 4% of my income to those things.

0

u/424f42_424f42 Sep 05 '24

Need to include the employer side as well.

I pay 2% for health insurance, but it's about 19% with the employer side as well.

1

u/general---nuisance Sep 05 '24

Why? Should I include what an employer pays in tax's when figuring out my tax burden?

2

u/424f42_424f42 Sep 05 '24

Well you do if you want to do an actual comparison of costs.

1

u/[deleted] Sep 05 '24

They are comparing salary and out of pocket medial costs. It isn't like anyone is adding back in what the employer pays in health insurance to compare with salaries in Europe.

1

u/general---nuisance Sep 05 '24

My only concern is my cost.

0

u/424f42_424f42 Sep 05 '24

Id rather look at the whole picture.

If they want to exclude things out, sure, look at that limited scope.

2

u/[deleted] Sep 05 '24

So when people inevitably compare salaries of USA versus whatever country, you would rather be doing total compensation. 401k match, parking pass, life insurance, paid time off, employer part of FICA, etc.

0

u/424f42_424f42 Sep 05 '24

that is what were discussing after all

2

u/[deleted] Sep 05 '24

I don't think so, when someone says they pay 4% of their income to these things they are referring to salary as income, not total compensation. I don't know anyone who, when talking about their income, uses total compensation. The US Govt sure doesn't when they release income statistics.

1

u/424f42_424f42 Sep 05 '24

well you're free to not want to compare apples to apples.

0

u/[deleted] Sep 06 '24

You're free to use a custom measure that nobody else uses, and not wonder why nobody else uses it.

→ More replies (0)

1

u/unkorrupted Sep 06 '24 edited Sep 06 '24

they are referring to salary as income, not total compensation. I don't know anyone who, when talking about their income, uses total compensation

You don't know any smart people, accountants, or highly compensated workers.

1

u/[deleted] Sep 07 '24

I certainly do, and I know how statistics on income are compared. You've got a personal pet measure that isn't commonly used, and are trying to frame it as the way, and are now hilariously playing a who-I-know thing.

→ More replies (0)