You are viewing a single comment's thread. View all
0
Brannvesen on scored.co
1 year ago0 points(+0/-0)1 child
Exactly, and with the high GDP of the top countries, it says a lot about how high the property tax really is. This chart doesn't fully show the difference between countries.
Should be relatively easy to calculate. Let's take the US for instance, GDP for 2022 was $25.46T, ~3% of that is: $764B. US population is ~340M and we can probably assume on average 4 people per household, this should cover everything from average family, to large families and city dwellers sharing tiny apartments.
This gives me $8,988/yr for every household.
Now income after tax is very tricky because of the huge difference between different jobs, for some $9k is a piss in the ocean, but for many who doesn't earn a lot it could be the reason they had to sell their house to afford the tax. From what I could find, average income in the poorer states is around $40k/yr and $80k/yr in the richer states. And that's all professions included, plus billionaires and corrupt politicians.
So around 14% - 26% of income would probably be a good estimate. And that's the sad part because that's how much you pay on a wage that's maybe twice as high as the wage you'd make in most EU countries, were income tax for those lower and middle class wages rarely exceeds 20% - 30% and property tax is non existing or very low.
This gives me $8,988/yr for every household.
Now income after tax is very tricky because of the huge difference between different jobs, for some $9k is a piss in the ocean, but for many who doesn't earn a lot it could be the reason they had to sell their house to afford the tax. From what I could find, average income in the poorer states is around $40k/yr and $80k/yr in the richer states. And that's all professions included, plus billionaires and corrupt politicians.
So around 14% - 26% of income would probably be a good estimate. And that's the sad part because that's how much you pay on a wage that's maybe twice as high as the wage you'd make in most EU countries, were income tax for those lower and middle class wages rarely exceeds 20% - 30% and property tax is non existing or very low.