i pay (on top of my tax deductions) about monthly 150eur for health insurance, and on top of that a yearly 384 eur “eigen risico” (own risk).
still better than the US, but free it is not.
Looks at the services your government provides you and compare it to America. That should help you feel a little better about the taxes you pay. We end up paying more to private corporations for the same or worse than your taxes pay for.
As other mentioned its social security and Medicare tax. Social security tax ends after a point and Medicare tax continues (1.45% I think), hence the 2.2% effective tax rate.
What’s missing is also the employer taxes, which are mirrored, this the cost of carrying employees in the US is higher than the gross wage… So the effective tax and real wage is all masked. (Eg if my salary is $100,000 I pay like $12k in social taxes and my employer also does the same, meaning the cost to the employer to hire me is $112,000)
All this said, the limit on social security tax is fucking stupid and needs to be abolished.
Don’t worry - I only take home half my pay as netpay, too, after deductions for tax and retirement and healthcare and have a $4k deductible before my health insurance kicks in.
So it’s not paid in taxes, but works out the same.
12.4%?!
*cries in dutch 49.5%
They are talking just about social security not full income tax, etc.
Yeah but at least you get something other than murdered brown people half the world away for your tax dollars.
They do murder brown people inside the country and nearby it’s borders as well.
Fair enough
Oh no, do you feel unwell? Do you need to take paid personal leave from work to visit a free doctor?
This is normal in civilized countries.
*it’s not free.
i pay (on top of my tax deductions) about monthly 150eur for health insurance, and on top of that a yearly 384 eur “eigen risico” (own risk). still better than the US, but free it is not.
If you are unable to afford to pay those additional costs, are you unable to access Healthcare?
This is social security,
A big reason US taxes seem lower is because there are so many different taxes and we usually don’t aggregate
Google says you’re specifying the Dutch income tax rate, so it’s not comparable and the Dutch social security tax’s is “only” 27.5%
your “only” is doing some heavy lifting there :) but of course i wouldn’t have it any other way.
Looks at the services your government provides you and compare it to America. That should help you feel a little better about the taxes you pay. We end up paying more to private corporations for the same or worse than your taxes pay for.
As other mentioned its social security and Medicare tax. Social security tax ends after a point and Medicare tax continues (1.45% I think), hence the 2.2% effective tax rate.
What’s missing is also the employer taxes, which are mirrored, this the cost of carrying employees in the US is higher than the gross wage… So the effective tax and real wage is all masked. (Eg if my salary is $100,000 I pay like $12k in social taxes and my employer also does the same, meaning the cost to the employer to hire me is $112,000)
All this said, the limit on social security tax is fucking stupid and needs to be abolished.
Don’t worry - I only take home half my pay as netpay, too, after deductions for tax and retirement and healthcare and have a $4k deductible before my health insurance kicks in.
So it’s not paid in taxes, but works out the same.