alt Hacker NewsOver here in Australia, the most expensive part of my kid's birth were the AUD$200 antenatal classes.
The prenatal checkups, hospital stay, and postnatal midwife home visits were all covered by Medicare.
The flip side is that I lose ~30% of my pay to taxes. That's fine by me
Replies
christina97 • yesterday at 10:44 PM
NYC effective tax rates exceed 30% (if earning in excess of $100k).
vkou • yesterday at 10:35 PM
> The flip side is that I lose ~30% of my pay to taxes.
That's not a flip side, that's what you'd be paying in the US, too, once you account for all your payroll taxes. Maintaining 11 carrier strike groups and a global empire don't come for free.
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I pay almost 40% in the US (including state and payroll).
Federal tax rate is 22-24% for most people. State can be anywhere from 0 to over 10%, depending on the state and income level. City taxes may exist. And then social security + Medicare.