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To: mewykwistmas
German companies somehow manage to compete and pay very good wages.

Germany is very "employer friendly". German companies also do not provide healthcare for their employees, the govt. does..........However, an average German employee making over $40k a year will pay upwards of 70% of their gross income in taxes.

42% income tax on incomes over $39k

19% Sales Tax

Employee Health Insurance: 15.5% of employee's gross earnings

60 posted on 02/10/2011 6:47:34 AM PST by Hot Tabasco (Oh Magoo, you've done it again.....)
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To: Hot Tabasco
'German companies also do not provide healthcare for their employees, the govt. does....."

For the sake of factual accuracy, I would point out that German employers do indeed contribute to their employee's healthcare coverage. The difference is that rather than the employer paying into a managed, private health plan, the employer pays their portion of the employee premiums into a government run health-plan (for almost all employees). It is true, however, that the employer insurance premium contributions in Germany are generally much lower than the contributions paid by their American competitors.

65 posted on 02/10/2011 7:39:59 AM PST by OldDeckHand
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To: Hot Tabasco

“42% income tax on incomes over $39k

19% Sales Tax

Employee Health Insurance: 15.5% of employee’s gross earnings”


Is that the real tax rate or the technical one? Maybe it’s like 36% for high earners but they pay less than 20% on average after loopholes and deductions?


76 posted on 02/10/2011 8:51:30 AM PST by mewykwistmas ("Politicians are the same all over. They promise to build a bridge even where there is no river. ")
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