I looked into this a long time ago, it’s only gotten “worse” since then as far as I know.
Assuming your money comes via income and you are not doing anything exceptional to optimize taxes, you are around that 50% or so rate on incremental income nearly anywhere you’d be able to make such incomes in the western world. Normalize for things like health insurance and it’s really not worth even considering a move for tax purposes in most cases.
The US is known as low taxes, low services - but it’s really within about 5% for high earning professional workers compared to even most social democracies. It’s a decidedly high tax low services place to live.
The largest difference in taxes in the US vs rest of the developed world seems to be the high tax brackets start much earlier on the income scale. It’s much better (for taxes at least) to be in the US as a median wage earner and it’s usually not remotely close.
Where things decouple is how capital and other forms of investment income are treated. That gets too complicated for me to understand, but it’s clear to me that a charitable take would be tax code has not kept up with how the wealthy increasingly earn their income.
Assuming your money comes via income and you are not doing anything exceptional to optimize taxes, you are around that 50% or so rate on incremental income nearly anywhere you’d be able to make such incomes in the western world. Normalize for things like health insurance and it’s really not worth even considering a move for tax purposes in most cases.
The US is known as low taxes, low services - but it’s really within about 5% for high earning professional workers compared to even most social democracies. It’s a decidedly high tax low services place to live.
The largest difference in taxes in the US vs rest of the developed world seems to be the high tax brackets start much earlier on the income scale. It’s much better (for taxes at least) to be in the US as a median wage earner and it’s usually not remotely close.
Where things decouple is how capital and other forms of investment income are treated. That gets too complicated for me to understand, but it’s clear to me that a charitable take would be tax code has not kept up with how the wealthy increasingly earn their income.