Mildly Interesting

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in Australia, when we pay taxes, we get a receipt. The receipt shows what our taxes were spent on (lemmy.world)

submitted 1 year ago by [email protected] to c/[email protected]

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I assume "Other purposes" is govt kickbacks to mining and gas companies 😬

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[–] [email protected] 4 points 1 year ago (1 children)

Yes, from a salary of about 90k. However this is federal tax. We dont pay individual state taxes as well. Our sales tax is built into the price of goods. Our healthcare is also completely free.

[–] [email protected] 2 points 1 year ago

Comparatively, in the US a $90k USD salary is about $10,415 in federal taxes.

However, my family healthcare is about $22k in premiums alone, for a high-deductible plan. This includes the employer-paid portion, as that is part of my total compensation package. Then there is the deductible ($5k) before the insurance starts paying out. And this is not including Medicare/SS taxes as well.