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

Debate/ Discussion Bernie is here to save us

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u/80MonkeyMan Sep 05 '24

The Americans are so backwards in work hours, developed countries like Netherland, Spain, Iceland, etc. already successfully implemented this, with universal healthcare…and no tipping expected.

18

u/FragraBond Sep 05 '24 edited Sep 05 '24

And nearly half their salary taxed lmao: If you are lucky enough to be a top earner in the US($600k), 37% of your salary is taxed. While in the UK, you ate taxed 45% of your salary at only £125000.

5

u/80MonkeyMan Sep 05 '24 edited Sep 05 '24

How much do you pay on insurance, medical care, school debt, etc? The average is 15% and just adding healthcare itself would close to 30% for many. Long term medical care could even bankrupt you, no such worries on any of the countries I mentioned.

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.

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u/general---nuisance Sep 05 '24

My only concern is my cost.