> If you are a worker, it is not uncommon to pay over 40% of tax and if you work... | Hacker News

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		lotsofpulp on April 5, 2021 \| parent \| context \| favorite \| on: Netflix Made Record Profits in 2020, Paid a Tax Ra... > If you are a worker, it is not uncommon to pay over 40% of tax and if you work on your own small business you can pay even more and have very little left to reinvest. Not true according to this: https://files.taxfoundation.org/20200225094221/FF697-01.png https://taxfoundation.org/summary-of-the-latest-federal-inco...

varispeed on April 5, 2021 [–]

I am writing from European perspective, I should add that. However I read that in some states it is quite similar.

lotsofpulp on April 5, 2021 | [–]

The linked article is referencing federal income tax in the US.

If state and other local taxes need to be factored in, the situation becomes much more complex and almost impossible to compare.

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