this post was submitted on 02 Nov 2024
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United States | News & Politics
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Cries in european tears
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