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4min chapter
A Bigger Government Means Giving Up Almost Half Your Paycheck
Cato Daily Podcast
Taxation in Europe vs. the U.S.
This chapter examines the substantial tax burdens faced by individuals in Europe compared to the United States, noting an average annual tax difference of $12,000. It highlights the impact of high all-in tax rates on work rates and government services, along with the contrasting visibility of value-added taxes in Europe versus sales taxes in the U.S.
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