Quote:
Originally Posted by goof2
That doesn't tell the whole story either. Most states also have a state income tax which can vary wildly. Some cities (like New York) also have an income tax. Factor in sales taxes, property taxes, fuel taxes, alcohol and tobacco taxes, etc. and it effectively becomes incalculable.
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It would be cool to see an "after-tax buying power" calculation.
Example: Worker X earns $100k per year and spends $10k per year in taxable goods and services (if applicable).
His after-tax buying power is:
NYC
Atlanta
Houston
Toronto
London
Tokyo
etc.