7 ms·
There are certainly downsides to living in Finland, but you picked a poor comparison in taxes. Taxes in the US are NOT low. Income tax is only one of many taxes
by todsul 6y ago
There are certainly downsides to living in Finland, but you picked a poor comparison in taxes. Taxes in the US are NOT low. Income tax is only one of many taxes in the US. In some states/cities, your property tax can exceed income tax. My state has extremely high taxes on cars too. It all adds up to a lot of money and a relatively high total tax rate. I wouldn't be surprised it a significant number of people in the US have a higher total tax rate than the Finnish average. Of course you can choose low-tax states, but the US as a whole certainly isn't some sort of tax haven.
- usr1106 6y agoNot an expert an the area, but from what I read the US is a tax heaven for the super rich, Finland certainly is not. Progressive tax rates are high. There are creative ways to get your (should I say their?) income avoiding progression, then it's flat 30%. Both are taxing the normal mortals, Finland probably slightly higher.