Chopper's Mo

Out of curiosity, I looked up one of the highest taxed countries in the world: Finland.

$60,000usd = 54,133.80 Euro, with a take home of only € 31,447 (averaged tax rate of 41.9%, 53.2% on the marginal), which is $34,850usd

So, if Vampire@hexbear was thinking about Finland…

He gets a pass. (He wasn’t, and OOP was using $, not €, but your point is otherwise valid!)

FYI, if you live in Texas, it’s the same as earning $43,000 before taxes. ($36,430 after taxes).

or $44,500 if you live in CA.

Nowhere near your $60k.

That “approximately” is doing a lot of heavy lifting is what I’m saying.

but £60,000 is a lot more than $60,000usd, so I’d expect the overall rate to be higher.

so, while yes, take home would be £45,361, if it were the same…

$60,000usd = £45,575, which take home would be £36,335.40, which in USD would be $47,834

making the two countries basically the exact same for taxes.

yes and no. Yes, you can get up to 98% tax rate, I’m sure - but that’s not how tax brackets work.

also, OOP is from the USA.

that CA tax was copied from the us tax office website’s calculator. It does it by city, not just state, which I thought was interesting. (That number was from San Fran)

I hope you pay an accountant to do your taxes, because that’s way, way off.

If you earn $60k in a state like, NY, your take home amount will be $45,363

CA: $47,763

TX: $49,949