You'd be surprised at how in some places in Europe the differential in taxes compared to the United States is not as significant as you would expect. When you factor in state and federal taxes it's not that unusual to pay upwards of 35-40% in annual taxes. The difference is at least a lot of the European countries have something to show for it (subsidized education, universal healthcare, etc).
I’ve lived in Germany for a number of years. My taxes were around 42% if I recall correctly. Plus 400 euros a month for health insurance. Oh, and don’t forget 25% of capital gains.
I do agree with you though: you get your money’s worth in Europe.
Yeah, I live in SF now after moving from Europe. The tax difference is not really that different for me (high earner), but what you get in return in really depressing. Good weather and astronomical wages make it worthwhile.
