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Most Americans just don't matter to the economy like they once did
(www.marketwatch.com)
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this post was submitted on 08 Mar 2025
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I ran the numbers for my jurisdiction. For just tax, it comes out to 21%. If you add employment insurance, the socialized healthcare premium, and government pension (these are all mandatory) it goes up to 27%.
If you invest 20% of your take-home in retirement, that brings you to a 44% deduction, but I gently question whether you should do that if you're struggling to put food on the table.