Tax Time
Everybody always complains about how much taxes they pay. Finland is typically considered to have a very high tax rate. The US tax rate is much lower than in Finland. I just finished my US taxes, and indeed, the percentages look ridiculously low compared to Finland. However, if I then change my health insurance premium into “tax”, my 401k deductions to “tax” and my son’s college savings deductions to “tax”, I can quickly end up with more than 50% tax! That is more than I would pay in Finland, considering that I would not need to be paying for health insurance, save for retirement or save for college.
None of that gives a full picture of cost of living of course, which depends on many other factors as well. But it shows that the low US tax rate is not something to day dream about, because in the end it does not give you that much in return.
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