General Discussion

metalbot

(1,058 posts)

36. That's VERY misleading

Mon Mar 22, 2021, 07:59 PM

Mar 2021

People making 50k/year are not paying 22% income tax in the US.

They'll get a $12k deduction which will drop all of their income to 12% or lower. If they aren't eligible for further tax credits, then their effective tax rate is going to be about 9.5% of the 50k income.

For CA, let's assume that USD = CAD, and not worry about the exchange rate for comparison purposes. The same 50k earner will get a $15k deductible, and then pays 15% against the rest, for a tax rate of about 10.5%. If you use the current exchange rate, then the effective taxation jumps to about 11.5%

(I'm not arguing at all against single payer, which I'm strongly in favor of).

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Highlight:

We could Japan. [View all] 634-5789 Mar 2021 OP

I once Japanned a wooden box. MineralMan Mar 2021 #1

I once explained to a young clerk in the hardware store what "Japan Dryer" was. EarnestPutz Mar 2021 #35

I never thought of Japan as a verb. calimary Mar 2021 #41

I was familiar with Mineral man's use of "japan" as a verb, though I've never done it - soldierant Mar 2021 #49

And then... jcgoldie Mar 2021 #2

We could Japan a lot of things, including gun control, if we could stop industry/corporations Dustlawyer Mar 2021 #52

This message was self-deleted by its author Baked Potato Mar 2021 #3

Kick dalton99a Mar 2021 #4

And those prices were seven and eight years ago. James48 Mar 2021 #6

Hell, I'd be okay if we Franced. Or Netherlanded. Or effing AnywhereButHered. n/t TygrBright Mar 2021 #11

You know what bugs me about seeing these graphs? PatrickforB Mar 2021 #50

Great discussion. The US is built on capitalism (making money), not socialism (common good) erronis Mar 2021 #5

The USA hit "peak Capitalism" in 2007-2008... Moostache Mar 2021 #13

" Profiting off of human misery, sickness, frailty and disease is a hideous thing to do...." HUAJIAO Mar 2021 #23

Capitalism is like a nuclear reactor: very powerful, but requires regulation... Beartracks Mar 2021 #40

Nice summary cynical_idealist Mar 2021 #56

You are so right. luvtheGWN Mar 2021 #53

We could Canada, too kcr Mar 2021 #7

I prefer the Ontario single payor model. roamer65 Mar 2021 #20

Japan is like VA for all IronLionZion Mar 2021 #8

I just kept going back and looking at it, amazed. Surgery 10 times higher than civilized countries!! rickyhall Mar 2021 #9

those Ferraris don't buy themselves Celerity Mar 2021 #19

Like many things in Japan, healthcare has a hidden side. Martin68 Mar 2021 #10

We talking about 50k - 100k dollar "gifts" or the 500 - 750 dollar gifts? thx in advance uponit7771 Mar 2021 #12

Gifts in the range of 200 to 500 dollars each for many doctors and nurses. I did not appreciate what Martin68 Mar 2021 #15

What was the range in Japan? thx in advance uponit7771 Mar 2021 #18

This message was self-deleted by its author Hiawatha Pete Mar 2021 #28

Please don't misunderstand me. I completely support universal national health in insurance. Martin68 Mar 2021 #29

This message was self-deleted by its author Hiawatha Pete Mar 2021 #30

Sounds like an illegal bribe. There is no requirement. miyazaki Mar 2021 #31

That's VERY misleading metalbot Mar 2021 #36

This message was self-deleted by its author Hiawatha Pete Mar 2021 #38

So True tiptonic Mar 2021 #14

from a white person's perpective, one may say greed has taken over Kaleva Mar 2021 #16

And they would be 100% right, greed, cruelty, inhumane treatment of other human beings. HUAJIAO Mar 2021 #25

We may be overlooking a huge difference in doing Japan. joetheman Mar 2021 #17

Very true. Pinback Mar 2021 #54

Yea but we're not anything like Japan, in population size and Japan has almost zero immigration. Jetheels Mar 2021 #21

Welcome to DU orangecrush Mar 2021 #22

I'm guessing racism. Duppers Mar 2021 #37

Good guess. orangecrush Mar 2021 #42

He could also mean diet Polybius Mar 2021 #45

I don't know what the impact of immigration is on healthcare. There's different opinions. Jetheels Mar 2021 #46

How many people live in Japan? ZZenith Mar 2021 #33

IIRC, Japan is about the size of California Wednesdays Mar 2021 #51

You recall correctly. ZZenith Mar 2021 #55

We're headed that direction. But we're huge, we contain multitudes, Hortensis Mar 2021 #24

We should Japan like a boss! dchill Mar 2021 #26

"Japanese costs are half of USA." I like to get a rough gauge by comparing registered nurse salaries Hoyt Mar 2021 #27

Mochiron! YoshidaYui Mar 2021 #32

This x 1000 Ferrets are Cool Mar 2021 #34

k&r n/t area51 Mar 2021 #39

It's likely their life expectancy has more to do with genes and lifestyle than heathcare. progressoid Mar 2021 #43

Having grown up in UK with its National Health System dickthegrouch Mar 2021 #44

I just watched a video presentation about US health care, and it's even worse than I thought. BobTheSubgenius Mar 2021 #47

Government run health system. Aussie105 Mar 2021 #48

Its painful to watch the US stumble so badly with healthcare LiberalLovinLug Mar 2021 #58

Or we could proofread and grammar. nt littlemissmartypants Mar 2021 #57

Having been there personally, and knowing many japanese families, I can tell you lindysalsagal Mar 2021 #59