alt Hacker NewsI took the liberty of computing my and my wife’s effective income tax burden:
24%
We are both German and in the 92nd percentile of the income distribution.
I took the liberty of computing my and my wife’s effective income tax burden:
24%
We are both German and in the 92nd percentile of the income distribution.
I’m assuming you mean you’re in the top 8 percent of income distribution? Ie about 90,000 euros?
If so, by my rough math, you’re paying about 25% more in taxes than an equivalent American couple based on PPP. That American couple would have about $30K USD/26K Euro more in disposable income, would likely have good quality health insurance paid for by their job, be eligible for $3K to $4K in social security retirement income per month, and be able to individually contribute to tax free retirement accounts, tax free college funds for their children, etc.