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Why higher-income workers in California may get surprised by tax hike in 2024

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Re: Why higher-income workers in California may get surprised by tax hike in 2024

#41

Post by dv_dt »

personomas wrote: post #27
gmerc wrote: post #21

Earlier quoted context omitted.

As a young person it may be trivial but health related bankruptcy in the US tells another story overall

EU health care is horrible - absolutely horrendous. It's very difficult for a young, working individual to get quality health care in a reasonable time - actually, almost impossible. I would definitely rather take the US health care situation over EU health care. Doctors are muchmore competant in the US, and they are much more likely to go out of their way to help you. One reason surely because EU doctors are unbelie…

That’s an odd choice because the US lags Europe in life expectancy, except for in states like CA, which as we’re discussing has just as high a cost but with increased uncertainty.

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#42

Post by personomas »

dv_dt wrote: post #41
personomas wrote: post #27

Earlier quoted context omitted.

EU health care is horrible - absolutely horrendous. It's very difficult for a young, working individual to get quality health care in a reasonable time - actually, almost impossible. I would definitely rather take the US health care situation over EU health care. Doctors are muchmore competant in the US, and they are much more likely to go out of their way to help you. One reason surely because EU doctors are unbelie…

That’s an odd choice because the US lags Europe in life expectancy, except for in states like CA, which as we’re discussing has just as high a cost but with increased uncertainty.

It's a minor difference (3 years), there are a lot of other reasons that can contribute to difference in life expectancy than health care. Europe is very much, you know, don't do anything, sit at a home all days. Americans are more likely to live their life and get out - which comes with obvious danger, but at least Americans might experience life!

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#43

Post by refurb »

s1artibartfast wrote: post #11
personomas wrote: post #9

Earlier quoted context omitted.

Taxes are far higher in Europe than in America. The additional "Social" benefits in my opinion are trivial in comparison with the differences in taxes. Progressive income taxes increase at a far higher rate in Europe. Plus Europe has other forms of taxes: far higher sales taxes (VAT), corporate taxes, and other forms of taxes like buying-property tax (Grunderwerbsteuer).

It is actually a lot closer than you think if you add up all the different taxes for each country.

It's actually a greater difference. VAT in the EU is 21% on average. Gasoline taxes are more than double.

The easiest way to see the difference is tax revenue as a percentage of GDP. France is 46%, Germany 37%, UK 33%.

The US is 27%.

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#44

Post by personomas »

addicted wrote: post #39
personomas wrote: post #28

Earlier quoted context omitted.

Total disagree. See my comment up above (1). Health care is horrible in the EU. At least in America you can choose to go bankrupt in exchange for quality health care treatment. In the EU, if you ever even get Doctor time, it's always rushed, and very often misdiagnosed. This is coming from an American living in Germany. (1) https://news.ycombinator.com/item?id=37809938 .

And yet European health outcomes are significantly better than American ones across the board. So what’s missing? And if you think America doctors are not rushed and often misdiagnose stuff then you’ve probably not been to an American medical facility in quite some time.

> And if you think America doctors are not rushed and often misdiagnose stuff then you’ve probably not been to an American medical facility in quite some time.

Oh, trust me, I'm sure they are, but it's even worse in Europe.

> And yet European health outcomes are significantly better than American ones across the board.

What on earth are you basing this off of?

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#45

Post by personomas »

refurb wrote: post #43
s1artibartfast wrote: post #11

Earlier quoted context omitted.

It is actually a lot closer than you think if you add up all the different taxes for each country.

It's actually a greater difference. VAT in the EU is 21% on average. Gasoline taxes are more than double. The easiest way to see the difference is tax revenue as a percentage of GDP. France is 46%, Germany 37%, UK 33%. The US is 27%.

Exactly, very well answered. UK might be higher now that they recently (this year) raised their corporate tax rate by 7%!

And certainly this doesn't include the inflation tax either. Governments spend like crazy. No wonder we're not living sustainably! It starts from the top down! That's not corporations, it's the governments!

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#46

Post by dv_dt »

personomas wrote: post #42
dv_dt wrote: post #41

Earlier quoted context omitted.

That’s an odd choice because the US lags Europe in life expectancy, except for in states like CA, which as we’re discussing has just as high a cost but with increased uncertainty.

It's a minor difference (3 years), there are a lot of other reasons that can contribute to difference in life expectancy than health care. Europe is very much, you know, don't do anything, sit at a home all days. Americans are more likely to live their life and get out - which comes with obvious danger, but at least Americans might experience life!

How much is a year of your life worth? A few thousand in taxes a year? The US left expectancy has also been going down even after the worse of Covid while the EU is returning to a slow upward trend.

It’s also that if you lose you’re job you immediately have to think about where you are going to get your healthcare from and changing a lot of paperwork or even providers.

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#47

Post by personomas »

dv_dt wrote: post #46
personomas wrote: post #42

Earlier quoted context omitted.

It's a minor difference (3 years), there are a lot of other reasons that can contribute to difference in life expectancy than health care. Europe is very much, you know, don't do anything, sit at a home all days. Americans are more likely to live their life and get out - which comes with obvious danger, but at least Americans might experience life!

How much is a year of your life worth? A few thousand in taxes a year? The US left expectancy has also been going down even after the worse of Covid while the EU is returning to a slow upward trend. It’s also that if you lose you’re job you immediately have to think about where you are going to get your healthcare from and changing a lot of paperwork or even providers.

The point is that you can't draw conclusions of quality of health care simply based of one statistic. There so many other reasons to cause difference in life expectancy.

> The US left expectancy has also been going down even after the worse of Covid while the EU is returning to a slow upward trend.

This is complete meaningless non-sense. You can't draw trends from this. And it's not relevant to the discussion anyways!

> It’s also that if you lose you’re job you immediately have to think about where you are going to get your healthcare from and changing a lot of paperwork or even providers.

You think you have lots of paperwork in the US?? Come to Europe man.

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#48

Post by HDThoreaun »

dv_dt wrote: post #41
personomas wrote: post #27

Earlier quoted context omitted.

EU health care is horrible - absolutely horrendous. It's very difficult for a young, working individual to get quality health care in a reasonable time - actually, almost impossible. I would definitely rather take the US health care situation over EU health care. Doctors are muchmore competant in the US, and they are much more likely to go out of their way to help you. One reason surely because EU doctors are unbelie…

That’s an odd choice because the US lags Europe in life expectancy, except for in states like CA, which as we’re discussing has just as high a cost but with increased uncertainty.

Obesity rate in the US is double the EU's. There's no way to overcome that.

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#49

Post by personomas »

HDThoreaun wrote: post #48
dv_dt wrote: post #41

Earlier quoted context omitted.

That’s an odd choice because the US lags Europe in life expectancy, except for in states like CA, which as we’re discussing has just as high a cost but with increased uncertainty.

Obesity rate in the US is double the EU's. There's no way to overcome that.

That's based on our life habits, not on health care. That's crazy talk.

Re: Why higher-income workers in California may get surprised by tax hike in 2024

#50

Post by HDThoreaun »

personomas wrote: post #49
HDThoreaun wrote: post #48

Earlier quoted context omitted.

Obesity rate in the US is double the EU's. There's no way to overcome that.

That's based on our life habits, not on health care. That's crazy talk.

Right, our life expectancy is shorter because of life choices, so it can't tell us anything about healthcare quality.
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