this post was submitted on 02 Nov 2024
34 points (94.7% liked)
United States | News & Politics
1894 readers
481 users here now
Welcome to !usa@midwest.social, where you can share and converse about the different things happening all over/about the United States.
If you’re interested in participating, please subscribe.
Rules
Be respectful and civil. No racism/bigotry/hateful speech.
Post anything related to the United States.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is just federal income tax. It does not include state income tax, property tax, or sales taxes.
2019 data (1) comparing federal income tax.
In Belgium, you'd be at 45% to 50% marginal rate for federal income tax.
There would be another 0 to 8% for municipal tax (this depends on the municipality, I assume similar to state taxes?).
Then there's 20% (employer contribution), and another 13% (employee contribution) for "rsz", state mandated health insurance.
Sales tax is 21% on most goods, 6% on food.
https://taxsummaries.pwc.com/belgium/individual/other-taxes