@@Nakkisesonkithe tax cut does not make up for - school - healthcare - clothing - food - water - cleaning up after their messes (potentially with money if severe) - buying stuff to please them - other things
I'm a low revenue in Luxemburg, and my taxes are probably less than 30 %. But life is expensive here. The number 1 problem in Europe is your taxes are taken by the government before you get your salary, and they steal your money. All governments are corrupt and steal from you, first and mainly thought the money creation with central banks.
Luxembourg is not bad at all compared to other European nations, for example their neighboring counterparts, Germany, France and Belgium, pay way higher taxes. Granted, living cost is higher, but there is really not much to complain about
@@damian6524 thats why so many will go tho the middle east. The same salery in the United Arab emriates gets you 0 dollar tax and only 13k in health/social insurance. So you still get 987k dollar left. Stay there for atleast 10 years and to double your nethworth
Thats not the point, we pay no taxes on capital gains, it’s crazy ! We have all the banks because of that and those banks pay our public transport etc with their taxes.
@TheReaICowfishwhen people talk about free they mean free at point of contact Obviously everyone knows it comes from taxes But you don't have to actually pay anything after you've acquired the product or service
@TheReaICowfish No one said without cost at all, just free as in, you hop on, ride, hop off, without handing over a penny. And overall per person paying less, if you're poor at least, ie the people who need it most
Dang. Here in the U.S, yeah taxes not as high but I just paid $290 for my 5 year old daughter’s inhaler and that’s WITH health insurance. The inhaler is only good for two weeks. I don’t like surprises, I’d rather have high taxes and free healthcare.
It depends ob the income, if you have kids, if you are single or not... But in reverse, you pay for example 0Euro, if you have an Accident, need a Helicopter for the transport and also the surgery cost you nothing... Medication cost nearly nothing, public transport is for free, streets are in good shape... For every Country you always have to look the + and the -... 😊
@@ishakadriansyah8085cuz they're Hella chilling and basically never wanna leave. And it's like 600k people, of which only prob around 300-350k are actually Luxembourgian.
Thats not bad at all lmao, the US highest tax bracket (above ~650k) is 37%, only 10% less than this. Its crazy to think how much better the quality of life is for 10%, yet people think thats robbery.
The USA has more forms of taxation that are pretty alien to the rest of the world as well. The GNP of Luxembourg is in the top 5, so they consistently have high salaries as well.
invest more. don't give up your dreams. people wants to do what the 99% does but wants to get results that are fit for the 1% but it doesn't work that way.
Habibi welcome to Dubai ! Jokes aside Luxembourg is safe pays very well compared to neighboring countries but it’s quite boring. Communication is difficult expect for those that enjoy weekends after 10pm
Weekends after 10pm ? I mean bro, theres 600k people livin here, in indinesia there's be a few millions living on our territory but this aint it lol, i do agree that lxb is safer-ish than neighboring countries but they mostly fine too as long as you dont go to the train station at 3am or sth
@@Oretrash tyese are called "charges patronales." Your employer pays taxes on your salary and he includes it in your labor cost it is therefore a hidden tax that employers pay for employees. In the end it is money you don't get. That's not related to weed. Thanks for asking.
Even for LXBs high living costs, anything around 10k will give you a decent lifestyle .. now dont expect to easily be able to buy a place tho, them prices are crazy
@@jimjim8645 what do you mean by drugs? it includes most things but to include stuff like glasses u will end up paying bit more money monthly, but i know people who got their glasses paid, get free gym membership which would cost 1k.-, and much more. but if ur health care includes literally everything then it will end up being around 1k a month or even more
@@demibasan1714 I mean pills (and staff) I know some pills are very cheap (aspirin) but there are others that cost hundreds Euros and even more. An "average" "normal" surgery with anesthesia exams xrs and 2-4 days stay in hospital can cost as far as 15,000€+ ,it would normally cost more in Luxembourg how can you have great health care service for everyone with such low contribution!?
@@demibasan1714 I mean pills and staff. I know there are some cheap (aspirin) but there are others that cost hundreds of Euros and even more. An "average normal" surgery with anesthesia exams xrs... and 2-4 days stay in hospital can cost as far as 15.000+ normally it would cost more in Luxembourg how can you have great health care service for everyone with such low contribution!?
everyone who complains basicly says that they only care about themselfs. one thing that is also worth to mention is that its not just all the huge benefits that have been mentioned already but everything where tax money is involved is better in Luxembourg than in any other country except maybe switzerland
Before you compare the relative net income to other countries, you should compare what people get for their taxes. Luxembourg is one of the best providing states in the world regarding everything a state can do: health care, jurisdiction, education, infrastructure, social security, etc. etc. It is a neoliberal myth serving the rich that tax dollars are just lost. Especially for non-income-millionaires (99% of people who are watching, stop comparing your fate to that of the super-rich as if it was your prospect), what the state offers you can easily surpass the value of your taxes, because taxes can be very smart investments (especially for education this has been shown scientifically again and again).
That's only in countries where there is little government officials' theft and corruption, think Scandinavia and, maybe, Luxembourg. In 95% of countries a big chunk of your taxes will be stolen.
Honestly i do insurance in the US and i am happy to see they automatically have LTC insurance cause thats the main reason why parents never have money left over for their kids.
False. There is no capital gains tax, no dividend tax and no inheritance tax in Hong Kong. All other taxes apply. Hong Kong SAR adopts a territorial basis of taxation. All individuals, whether a resident or non-resident of Hong Kong SAR, are subject to Hong Kong salaries tax on (i) Hong Kong-sourced employment income, (ii) income from an office held in Hong Kong SAR, and (iii) income from a Hong Kong pension
@@yenyax7064 1) You’re not losing it, you put it towards your own health insurance and retirement. And towards public services such as roads, parks, schools etc. 2) You pay that much taxes if you earn seven figures. At that point you really don’t need to worry about money anymore.
@@hurbig 1) Fuck them kids give me my money idgaf about their school 2)with 1 million a year why tf would I need to pay taxes for my retirement when I can save my own damn money 3)it doesn't matter if I NEED that money I just want that money I'm not trynna bust my ass to lose half Ya sure it's important for public services and roads all that (even if most of our tax money doesn't go to that shit it just goes to other countries) but you should be able to choose or at least see where your tax money goes to because most of it is not going to come back to help
Your government pension would be over $10.000/month. Unlimited sick days. Universal Healthcare. Free public transport. Free education for your children.
@@jakewillits4678because it’s a brutal dictatorship that will kill you and your entire family if you say anything bad about the government. And before you say anything else. According to the world freedom census Luxembourg was rated at a freedom index of 98/100 America on that same scale was rated at 83/100.
@@HH_1988you wouldn’t have more money. You’d pay the same amount of taxes. Also if you did it would depend on your original I come because rich people pay more taxes than poor people.
Before anyone says “wow that’s a lot” go over your own income, tax rate, and tack on transportation and health insurance costs. Americans on average spend more of their income in taxes + insurance than Europeans do with their taxes.
@@albawutzidk about luxembourg but here in switzerland if u got swiss pass u pay indeed less tax, if u dont have swiss passport u end up paying more taxes. same goes for people who are married end up paying less taxes.
@@demibasan1714 I believe that in Switzerland tax can vary from one canton to another. Isn’t it that in Zug non-residents don’t pay tax, on revenue or whatever? Tax depending on nationality? Is that possible in a OECD country? In EU certainly not.
Dont complain, listen to this first. Free Public transport Great healthcare service Clean roads with literally no potholes And the tax he said is the bare maximum, if you have a family with children, trust me it will be a lot lower.
those are just the main benefits but also things like free book things like a lot of money to study etc. also everything to do with burocracy is just way better in Luxemburg. also all the subsidence you get for many diffrent things. you can buy a e-bike and get money back from the gov.
How on earth can you have great health care service with 5.000€ for 1.000.000 income?! It's less than 0.5%! For much lower income normally there would be less , so for let's say 1.000€ contribution per year how can you afford a great health care service? Are you Ironmen (and iron women)?
No one who makes a million a year is dumb enough to live in a country where they’d pay 460,000 just in taxes. It’s crazy how many Europeans are fine with governmental theft for “free” healthcare and schooling.
Great country. So happy to pay taxes there. Free transportation, free healthcare, extremely good services to the population. On of the best country to live in.❤
Be happy to have a million per year. All the people I know that left Luxembourg... came back after a few years. 😂 Better quality life for those that wake up in the morning to work their ass off.
You haven't really been around, have you ? You can have a lot of fun here, especially nature activities, museums, and the is still room for party in the Gudde Wëllen, Fly and other cafés.
@@borislicina455 it's beautiful am not saying its not but since covid time new year it's not the same and Entertainment is low I lived for 8 years now and night life is barley alive rest of the days you just work am talking from middle class point of approach
In india we have about 30% tax on total income but no free transport , not free healtchare and we have to pay for everything from the leftover money , its sad
It doesn't matter what you pay it really matters what you get in return. In Greece we pay a lot and get. Private trains private airplanes private ships private public transport private electricity and now we are close to getting private education and private healthcare. So we pay and get almost nothing back. A guy making 4500 gross income after taxes healthcare and pension gets 2500. After that he has to pay more taxes plus everything mentioned above and ends up with a 700 dollar pension at 67 (going for 72) years old if he is lucky and they don't get cut more
If you're American, look up the projected taxpayer funding of the healthcare system. It is projectes to hit 68.1% this year, American healthcare is top 3 for taxpayer funded systems in the world, proportionate to GDP. 68.1% and they can't provide equal access to the system. It's insane.
Before anybody's broke ass gets upset, this is the highest tax bracket. If you only do 30k/year then you won't see nearly as much tax. + you live in europe, where you don't need 100k to survive the next time you go to the hospital, + have lots of free services.
It’s really simple. If you just want to be an employee for a corporation and have a chill, relaxed life, Europe is better. If you have a business mindset, USA is much, much better! It’s so much easier to get richer in the US, it’s not even funny! I’ve lived in a quite a few countries all over the world and can compare!
For those who are saying oh but they give you many things be aware uae bahrain kuwait and more or less saudi arabia qatar gives you all of that for free.
That is the price you pay for social security benefits, excellent affordable health care, generous pension benefits, good roads, free schools and social cohesion and peace …. Hear Hear Hear !!!!
I'd be willing to pay that in order to be a part of a well funded society and fund a country for other people as well (I live in the UK and tax Is 45% after 125k)
but you forgot to tell that Luxembourg is a taxe paradise for corporations and it's one of the richest country on earth... so they can easily afford high taxes.
Big government is too expensive for everything. It’s crazy that 50% of our income is taxes. Actually it’s more like 90% after you factor all the consumption taxes. No wonder there is so much poverty and people have so much stress. Go to work drive home do nothing all your life. Life is a joke in any country. Time to move to Emirates
Comparing to Germany, where the tax authorities share almost 50|50 with you, even if you dream of being rich the next day, you receive a notification from the Steueramt 😂
Before you complain, we have free public transportation, great healthcare and not a lot of potholes
Free public transport was thw biggest mistake
@ruffatoluca3271 bro, what are you smoking??? Free transport is the best thing ever!
free? you mean paid by taxes...🤦
Paid by Taxes and free Transport for Criminals
@@danielclesse6272yeah, but rich people pay more taxes than poor people, and poor people use public transport more, so for them it‘s basically free
But this is the maximum you can get taxed in Luxembourg. If you're married, with two kids, believe me, there'd be a hell lot lower taxes.
And ppl out here sayin shit like its too expensive to have children 😂😂
@@Nakkisesonkiyour profile picture was sufficient in itself to let everyone know you are a young child, the comment was extra
@@Nakkisesonkithe tax cut does not make up for
- school
- healthcare
- clothing
- food
- water
- cleaning up after their messes (potentially with money if severe)
- buying stuff to please them
- other things
@@kalekkakmdkekjaakwkmdb8506LOL😂
@@therealusmanBut taxes pay for school, health care and sometimes food
Different income different tax bracket. At minimum wage its 0% tax, up to 100k should be around 30%, over 200k tax 40%.
Minimum is not 0% tax, this video counts pension as tax,
its 0% under 10K a year. minimum wage is over 30K
@@ninolucas92income tax is not pension or health but true 12% social coverage tax for every income
@@blanco7726 right, but this vid counts pension etc as taxes
Wtf are you talking bro its not 0%
Yes but your taxes pay for a hell of a lot. Having lived in Europe for 30 years I was so much better off financially than I am now back in the US.
Quality of life is better in Europe.
Yes indeed we pay a lot of taxes
At the moment we are in Lux at 42,5% and when unloved in Portugal for 45k anual I was 49,5%
Yes indeed …. We pay a lot of taxes
Hope you don't need to go hospital...
I'm a low revenue in Luxemburg, and my taxes are probably less than 30 %.
But life is expensive here.
The number 1 problem in Europe is your taxes are taken by the government before you get your salary, and they steal your money.
All governments are corrupt and steal from you, first and mainly thought the money creation with central banks.
Luxembourg is not bad at all compared to other European nations, for example their neighboring counterparts, Germany, France and Belgium, pay way higher taxes. Granted, living cost is higher, but there is really not much to complain about
Luxembourg looks like a tax heaven because they have hell next door. Other than that it's not that low in terms of taxation.
@@MrDiagorasofmelosIt's a tax haven because corporate taxes are sometimes very low
highest gdp per capita
I dont believe this is true
@@aintunnis9201it is but ok buddy
Trade request
I get: 46.2% of your money
You get: a good life
Edit: HOW DID I GET SO MANY LIKES
For 462k per year you live at better level in tax free country 🤷🏻♂️
@@damian6524seriously, why are the communists still trying?
Yeah my life is just fine with the extra 400k thank you very much...
@@damian6524 thats why so many will go tho the middle east. The same salery in the United Arab emriates gets you 0 dollar tax and only 13k in health/social insurance. So you still get 987k dollar left. Stay there for atleast 10 years and to double your nethworth
I'd give 100% of my money for a good life..
Thats not the point, we pay no taxes on capital gains, it’s crazy ! We have all the banks because of that and those banks pay our public transport etc with their taxes.
@TheReaICowfishit’s paid for by the taxes of banks to be specific, normal working class people pay far less
@TheReaICowfishwhen people talk about free they mean free at point of contact
Obviously everyone knows it comes from taxes
But you don't have to actually pay anything after you've acquired the product or service
@TheReaICowfish No one said without cost at all, just free as in, you hop on, ride, hop off, without handing over a penny. And overall per person paying less, if you're poor at least, ie the people who need it most
But any medical treatment won't put you in debt 😂
Or college, or child care
healthcare pays 100% of medical treatment, thats why u pay healthcare monthly/yearly.
It wont in the US either with decent health insurance
@@howled0tell that to the 1 in 4 un insured
sounds like there's an issue outside of the healthcare industry then@@jesualdocortez6426
Dang. Here in the U.S, yeah taxes not as high but I just paid $290 for my 5 year old daughter’s inhaler and that’s WITH health insurance. The inhaler is only good for two weeks. I don’t like surprises, I’d rather have high taxes and free healthcare.
As a taxpayer in Luxembourg, it’s worth every cent.
As a tax payer in Luxembourg? Should anyone be paying income tax? But this is the richest country in europe.
I’d rather get my 500k back than a free train and bus that id never use if I was a millionaire. Oh, and just a private insurance would be enough.
@@4evertrue830It's rich because tax allows it to maintain a very good infrastructure, free healthcare and such.
@@ulfricstormcloak3657sure, but 50% of your money? They don’t need that much.
It depends ob the income, if you have kids, if you are single or not... But in reverse, you pay for example 0Euro, if you have an Accident, need a Helicopter for the transport and also the surgery cost you nothing... Medication cost nearly nothing, public transport is for free, streets are in good shape... For every Country you always have to look the + and the -... 😊
Luxembourg mentioned 🇱🇺🇱🇺🇱🇺 wooooooo
how much is the population in luxemburg? i never met anybody from luxemburg, and i traveled a lott
@@ishakadriansyah8085 600k, 100k live in our capital (also called Luxembourg)
Bruh I am so jealous you and Liechtensteiners won life
@@ishakadriansyah8085cuz they're Hella chilling and basically never wanna leave. And it's like 600k people, of which only prob around 300-350k are actually Luxembourgian.
finally omg mir hun gewaart
And this is the moment Luxembourg become Heisenbourg.
Thats not bad at all lmao, the US highest tax bracket (above ~650k) is 37%, only 10% less than this. Its crazy to think how much better the quality of life is for 10%, yet people think thats robbery.
The USA has more forms of taxation that are pretty alien to the rest of the world as well. The GNP of Luxembourg is in the top 5, so they consistently have high salaries as well.
300k my husband and I in Lux …. 42,5% 🤷♂️
2013 me in Portugal 45 K…. Total tax 49,5% 🙄🤷♂️
Welcome to Europe
In what do you two work?
@@msaocer lawyer and Sales manager
I mean, you could always live in the US and have it worse there 😅
@@penepatitenor its true... I would never switch to the US. I studied in the US in the 80s, I would not move there
Incomes over 100k € a year have to be declared at the bureau d'imposition and get taxed extra, therefore it's not 42.5% flat.
Thanks for the video
Sometimes i wonder how people get
rich at these days.
if you want to be successful have the
mindset of the rich,spend less.
invest more. don't give up your dreams.
people wants to do what the 99% does
but wants to get results that are fit for
the 1% but it doesn't work that way.
i advice everyone to start investing and
never rely on just salary. No billionaire
made it through salary.
Yes that's true
I live in Luxembourg when I'm gambling online 😅
Hahahhahahahahaha
Habibi welcome to Dubai !
Jokes aside Luxembourg is safe pays very well compared to neighboring countries but it’s quite boring.
Communication is difficult expect for those that enjoy weekends after 10pm
Weekends after 10pm ? I mean bro, theres 600k people livin here, in indinesia there's be a few millions living on our territory but this aint it lol, i do agree that lxb is safer-ish than neighboring countries but they mostly fine too as long as you dont go to the train station at 3am or sth
if you dont go out looking for trouble you are pretty safe.
I work in Luxembourg an i only pay around 8% Taxes/Healthinsurance/Pension
You pay more you just don't see it. Your boss pays for you.
@@MrDiagorasofmelos were u smoking weed when u wrote this?
@@Oretrash tyese are called "charges patronales." Your employer pays taxes on your salary and he includes it in your labor cost it is therefore a hidden tax that employers pay for employees. In the end it is money you don't get.
That's not related to weed. Thanks for asking.
@@MrDiagorasofmelos Leave him alone. Hes probably one of those kids who doesnt even live near or at Luxembourg
@@asadashino3868he joined the youtube platform 16 years ago, so hes definitely not a ‘kid that doesn’t live near Luxembourg’😂
1 million is a very good income.... even for Luxembourg.
its not for everyone... over 200k you are already on the 1-2% pf the population income.. there are statistics for that
Even for LXBs high living costs, anything around 10k will give you a decent lifestyle .. now dont expect to easily be able to buy a place tho, them prices are crazy
here in switzerland a normal health care is around 300.-/360.- per month, but theres people paying 600-800 a month aswell
No way!? Does this include "everything" including drugs...
@@jimjim8645 what do you mean by drugs? it includes most things but to include stuff like glasses u will end up paying bit more money monthly, but i know people who got their glasses paid, get free gym membership which would cost 1k.-, and much more. but if ur health care includes literally everything then it will end up being around 1k a month or even more
@@demibasan1714 I mean pills (and staff) I know some pills are very cheap (aspirin) but there are others that cost hundreds Euros and even more. An "average" "normal" surgery with anesthesia exams xrs and 2-4 days stay in hospital can cost as far as 15,000€+ ,it would normally cost more in Luxembourg how can you have great health care service for everyone with such low contribution!?
@@demibasan1714 I mean pills and staff. I know there are some cheap (aspirin) but there are others that cost hundreds of Euros and even more. An "average normal" surgery with anesthesia exams xrs... and 2-4 days stay in hospital can cost as far as 15.000+ normally it would cost more in Luxembourg how can you have great health care service for everyone with such low contribution!?
everyone who complains basicly says that they only care about themselfs. one thing that is also worth to mention is that its not just all the huge benefits that have been mentioned already but everything where tax money is involved is better in Luxembourg than in any other country except maybe switzerland
Yeah, seems they don’t realise that taxes improve the country lmao
Before you compare the relative net income to other countries, you should compare what people get for their taxes. Luxembourg is one of the best providing states in the world regarding everything a state can do: health care, jurisdiction, education, infrastructure, social security, etc. etc. It is a neoliberal myth serving the rich that tax dollars are just lost. Especially for non-income-millionaires (99% of people who are watching, stop comparing your fate to that of the super-rich as if it was your prospect), what the state offers you can easily surpass the value of your taxes, because taxes can be very smart investments (especially for education this has been shown scientifically again and again).
That's only in countries where there is little government officials' theft and corruption, think Scandinavia and, maybe, Luxembourg. In 95% of countries a big chunk of your taxes will be stolen.
Wish more countries were like this. Top 10 happiness index, taxed almost 50%. That's awesome.
Moien vun lëtzebuerg 🇱🇺
Honestly i do insurance in the US and i am happy to see they automatically have LTC insurance cause thats the main reason why parents never have money left over for their kids.
Ps as a person from a free tax place (Hong Kong) , my living conditions in Luxembourg is much better even paying tax
False. There is no capital gains tax, no dividend tax and no inheritance tax in Hong Kong. All other taxes apply. Hong Kong SAR adopts a territorial basis of taxation. All individuals, whether a resident or non-resident of Hong Kong SAR, are subject to Hong Kong salaries tax on (i) Hong Kong-sourced employment income, (ii) income from an office held in Hong Kong SAR, and (iii) income from a Hong Kong pension
@@ricardoconquesodid you live in Hong Kong though
@@Blackcatjuliawhat does that matter he just mentioned the law. I don’t have to be american to know that guns are legal there.
@@j800q it matters, because I am from Hong Kong and live in Luxembourg right now
Last time I checked income tax in HK was flat 16%. I think there has been no income tax in UAE but they planned to introduce one.
Luxembourg actually uses their taxes to improve stuff like infrastructure. Still expensive but some people who live there say it’s worth every coin.
500’000 is still more then enough especially considering that your retirement and health insurance has been taken care of this way.
ok but ur losing half of ur income
@@yenyax7064 1) You’re not losing it, you put it towards your own health insurance and retirement. And towards public services such as roads, parks, schools etc. 2) You pay that much taxes if you earn seven figures. At that point you really don’t need to worry about money anymore.
@@hurbig 1) Fuck them kids give me my money idgaf about their school
2)with 1 million a year why tf would I need to pay taxes for my retirement when I can save my own damn money
3)it doesn't matter if I NEED that money I just want that money I'm not trynna bust my ass to lose half
Ya sure it's important for public services and roads all that (even if most of our tax money doesn't go to that shit it just goes to other countries) but you should be able to choose or at least see where your tax money goes to because most of it is not going to come back to help
@@yenyax7064it’s worth noting that you’re more likely to have a lower tax rate, they choose one million dollars because it makes the taxes look higher
@@yenyax7064since it’s such a small country this also means it’s a lot easier to maintain roads and with the tax no pot holes for your fancy cars
Good healthcare, free public transport, great quality of life. Priceless.
Ok. Now can u do one with the streets, government systems etc. and compare to the UK.
As ours is 40% and they basically give it to imos and mps
Your government pension would be over $10.000/month. Unlimited sick days. Universal Healthcare. Free public transport. Free education for your children.
Why dont you just move to north korea where they already have all that?
@@jakewillits4678because it’s a brutal dictatorship that will kill you and your entire family if you say anything bad about the government.
And before you say anything else. According to the world freedom census Luxembourg was rated at a freedom index of 98/100
America on that same scale was rated at 83/100.
@@jakewillits4678nah I'd prefer you go check there for me
@@jakewillits4678you sound American.
why don't you just deal with the poor and debted out of their lives people in your country for once?
Luxembourg 🙋♂️
Moien
@@biohazard5702 Moien 👍
500.000 € is still a fuckton of money and the taxes are spend to improve the country and to provide public services
That’s enough slices 💀
At 1mil$ the healthcare payment is super low. I pay that much yearly on healthcare with a 46k income before tax in germany.
And free transport , everything
*paid by taxes, not free
Ok, but I'd rather have more money and pay for my own transport.
Lol speaking but not living here right
@@z3mv taxes weren't raised, after the public transport was made free.
@@HH_1988you wouldn’t have more money. You’d pay the same amount of taxes. Also if you did it would depend on your original I come because rich people pay more taxes than poor people.
Before anyone says “wow that’s a lot” go over your own income, tax rate, and tack on transportation and health insurance costs. Americans on average spend more of their income in taxes + insurance than Europeans do with their taxes.
This is ONLY assuming you are not married and do not have the passport. If you have both then taxes go down to 17-20%. You're welcome.
Not have the passport??? People are taxed the same way whatever nationality they have. What are you telling?
@@albawutzyes it’s total bullshit what he is telling
@@albawutzidk about luxembourg but here in switzerland if u got swiss pass u pay indeed less tax, if u dont have swiss passport u end up paying more taxes. same goes for people who are married end up paying less taxes.
@@demibasan1714 I believe that in Switzerland tax can vary from one canton to another. Isn’t it that in Zug non-residents don’t pay tax, on revenue or whatever? Tax depending on nationality? Is that possible in a OECD country? In EU certainly not.
@@albawutz well yes, as example here in bern we pay 1 and 1/2 months worth of salary roughly, in zürich they pay 2 maybe 2 and 1/2.
Dont complain, listen to this first.
Free Public transport
Great healthcare service
Clean roads with literally no potholes
And the tax he said is the bare maximum, if you have a family with children, trust me it will be a lot lower.
those are just the main benefits but also things like free book things like a lot of money to study etc. also everything to do with burocracy is just way better in Luxemburg. also all the subsidence you get for many diffrent things. you can buy a e-bike and get money back from the gov.
@@princessaka3189 yeah exactly.
How on earth can you have great health care service with 5.000€ for 1.000.000 income?! It's less than 0.5%! For much lower income normally there would be less , so for let's say 1.000€ contribution per year how can you afford a great health care service? Are you Ironmen (and iron women)?
@@jimjim8645idk but somehow we can cause its great😂
Yes it's awful, please don't come here. 😂
Its a shithole in the middle of a rats nest of other shitholes man
This man gets it. 😂
right ??? it's horrible 😅😅
No one who makes a million a year is dumb enough to live in a country where they’d pay 460,000 just in taxes. It’s crazy how many Europeans are fine with governmental theft for “free” healthcare and schooling.
Great country. So happy to pay taxes there. Free transportation, free healthcare, extremely good services to the population. On of the best country to live in.❤
Be happy to have a million per year. All the people I know that left Luxembourg... came back after a few years. 😂 Better quality life for those that wake up in the morning to work their ass off.
Before you think this is much you should visit the Netherlands
The only problem in Luxembourg is how boring it is the rest is prefect
You haven't really been around, have you ? You can have a lot of fun here, especially nature activities, museums, and the is still room for party in the Gudde Wëllen, Fly and other cafés.
@@borislicina455 it's beautiful am not saying its not but since covid time new year it's not the same and Entertainment is low I lived for 8 years now and night life is barley alive rest of the days you just work am talking from middle class point of approach
Not enough black people committing crimes in the streets?
We here in Luxembourg live in a richass country for example public transport is free for everyone
Weu sin d‘letzeboier !!! ❤️
Hei den eischten ❤🇱🇺❤️
@@nicokoch8220an den Zweeten
Moiennnn sinn och heii
Living on 500k is wild to me amd they enjoy alot of perks over there..sign me up
You have to have a good job for this lmao you don't just ''sign up'' 😂
When you are a politician in Government or Parliament you are most likely to get that income and have the half of your income tax free.
They dont.
we have this much tax in the UK, but we don’t get any of the perks. terrible healthcare, public buses are wrecked. and potholes are insanity.
Yeah, sad reality. I live in Luxembourg, and this is the “norm” here.
Ay be grateful you're not in the US. If you broke your pinky toe there you could pay thousands!
As another person living in Luxembourg, I know that it goes to good use. We have free transport and healthcare and beautiful public parks
That means you're in the high earning tax bracket, so why are you complaining?
Leave if you don‘t like it
That's the norm pretty much everywhere around the world
To be honest i would not complain as long as people getting what they need
I live in Luxembourg
@@joearend1676no one cares
@@fayereaganlover l+ratio
I have 2 dogs
@@egoinjury me too
i do@@fayereaganlover
Remember that in Europe, health insurance is more of an option than a necessity
In india we have about 30% tax on total income but no free transport , not free healtchare and we have to pay for everything from the leftover money , its sad
40% income? Wtf 😂😂😂
Dude we have like 19% 🤦🏻♂️
That’s because you’re not making 1mil. You’re on the lower end of tax rates, bud.
Just for reference, if you make $1mil in California, your tax is 49.3%.
Believe me,I live in Luxembourg and we have some free stuff Like public transportation…
Tax unoptimized
It doesn't matter what you pay it really matters what you get in return. In Greece we pay a lot and get. Private trains private airplanes private ships private public transport private electricity and now we are close to getting private education and private healthcare. So we pay and get almost nothing back. A guy making 4500 gross income after taxes healthcare and pension gets 2500. After that he has to pay more taxes plus everything mentioned above and ends up with a 700 dollar pension at 67 (going for 72) years old if he is lucky and they don't get cut more
Remember, they pay a lot of things that come back to them. Ltc could be cruciale when unemployed due to an accident
Man why cant the federal government pay for all this shit for us? Im tired of having to choose and swap insurance companies every 4 months
If you're American, look up the projected taxpayer funding of the healthcare system. It is projectes to hit 68.1% this year, American healthcare is top 3 for taxpayer funded systems in the world, proportionate to GDP.
68.1% and they can't provide equal access to the system. It's insane.
They pay for it they just don't let you have it
Idk either
Even though it was taxed incorrectly, that funds free public transportation, healthcare, schools, etc.
Before anybody's broke ass gets upset, this is the highest tax bracket. If you only do 30k/year then you won't see nearly as much tax. + you live in europe, where you don't need 100k to survive the next time you go to the hospital, + have lots of free services.
It’s really simple. If you just want to be an employee for a corporation and have a chill, relaxed life, Europe is better. If you have a business mindset, USA is much, much better! It’s so much easier to get richer in the US, it’s not even funny! I’ve lived in a quite a few countries all over the world and can compare!
Just a bit more than the US to have a much better quality of life. Fucking W.
For those who are saying oh but they give you many things be aware uae bahrain kuwait and more or less saudi arabia qatar gives you all of that for free.
I'd happily pay that for my country, which has been so good for me
That is the price you pay for social security benefits, excellent affordable health care, generous pension benefits, good roads, free schools and social cohesion and peace …. Hear Hear Hear !!!!
Its 48% on anything above 355000 in canada on basic federal and provincial taxes
And that's why the quality of life in Luxembourg is so high... You want a healthy and happy society, get the taxes up.
In California you pay the same but get nothing in return. Except a fentanyl zombie encampment on your doorstep.
We also have the most rich people of any country on Earth. When half of a lot is still a lot you have no problems. Keeps the riff raff out too.
In Italy taxes only for working take over 50% of the salaru
But most of those insurances are beneficial for the taxpayer. Its more expensive to pay for healthcare out of pocket.
A million dollar income in Nigeria
Before taxes: 1,000,000
After taxes: 1,000,000
In the u.s. we loose 1/2 our check and receive none of that.
My dad in Canada pays the same pension contribution here and makes like a 6th of that
I'd be willing to pay that in order to be a part of a well funded society and fund a country for other people as well (I live in the UK and tax Is 45% after 125k)
Luxembourg does actually reinvest the money they get really well aperintly
These videos need to include costs of healthcare, transportation, education etc. to get an accurate cost of living. Expenses go beyond taxes.
but you forgot to tell that Luxembourg is a taxe paradise for corporations and it's one of the richest country on earth... so they can easily afford high taxes.
But this is the maximum i live in lux and do not get taxed this much!
I make less than $500 a week and im taxed almost 40%. I hate it in California
unlike in america luxembourg doesn’t turn all the funds into weapons of mass destruction
California takes half at 1,000,000 anyways (when combined with federal tax) and we don’t get shit. I have to imagine this is better
Big government is too expensive for everything. It’s crazy that 50% of our income is taxes. Actually it’s more like 90% after you factor all the consumption taxes. No wonder there is so much poverty and people have so much stress. Go to work drive home do nothing all your life. Life is a joke in any country. Time to move to Emirates
The difference is that these countries care about the collective rather than just let everyone do whatever they want
People talking about public transport. Not gonna lie, when you earn 1mil your not taking the bus
nobody would complain about this, you still make over half a million a year, that's still a ridiculously large amount of money
For those who say free transport, if you getting 1mil and actually getting 500k, u dont care bout no free transport
Ok if that go to the city facilities, roads and health with free charge ist pretty good
Before anyone complains just know that at least that tax money is gonna be used for its citizens and not to kill Afghan childen😂
South African tax very similar, we on the other hand have no advantages listed in these comments
I love luxembourg it has free transportation it doesn't have a ocean etc
Income tax in Luxembourg be like I will thanks all of your money hahahahha!
Comparing to Germany, where the tax authorities share almost 50|50 with you, even if you dream of being rich the next day, you receive a notification from the Steueramt 😂
Im glad to live in LATM we don’t pay anything unless is a big company
People don’t understand that taxes goes to government programs such as healthcare; education; transportation; public works; etc
Yeah remove it and you get a country like America. Good for business garbage living in it
You should see The Netherlands
And they’re one of the happiest countries in the world