Ask HN: Best place to maximize value of incomes?
Hi,
I was wondering what would be, in your opinion, the best place to live in to maximize your income "efficiency" ? (What you get after all taxes vs what your employer pay)
For example, in France/Paris you got 'only' 37 out of 100 €
- For a salary of 70k€/year
- The employer actually pay about 105k
- After all taxes you actually get 46k
- The is a tax on all good (VAT) of 20%, so the buying power of 46 is about 37k
How is it in your country ? Based on https://tradingeconomics.com/country-list/personal-income-ta... some countries have 0% income tax. Looking at personal income tax is not really enough:
in my example France is at 30% (for this salary range) but we get 65% when we add everything up I don't know if there is a term for that "cost at employer side" vs "what you get in value"