Posted: 25 March 2010 at 1:20pm | IP Logged | 4
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"During WW II what side was Norway on? I forget. " We were on the side of the US and Britain. Why? That's a curious thing to ask when you can just google. "Knut, since your login says Norway, I dont want amounts, but may I ask what percentage of your paycheck do you take home." Because I've been taking a teacher certification course that required a month and a half off from work, and I was unemployed without benefits for close to 4 months (they don't pay unemployment benefits if you take university courses part-time) I only made about 35.000 dollars last year and therefore paid only 20% tax (that's local and national tax). Regular pay for my job as a high school teacher (with a masters degree) is about 65.000 a year. In that case I would pay 36% tax. Of course, if I actually owned my house, I'd get a mortgage deduction on top of that. My mother is retired, receives about 45.000 a year and has a lot of deductions for health reasons and a big mortgage deduction, so she pays less than 5%. But that doesn't give the whole picture. We also have a 25% percent sales tax (with exemptions for food and books), and there are employment taxes or social security payments paid on the employer's end as well. We may complain a lot about taxes, but we rank very high on "take home pay". I.e. what you've got left to spend after paying all the essentials. That's one reason I think Mark Twain's "A connecticut Yankee in King Arthur's court" should be mandatory reading. His musings on economics in that book are quite educational.
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