Quote:
Originally Posted by RedDevil
If the community provides much of those needs (healthcare, education, social security etc) your monetary needs drop significantly.
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USA does not provide healthcare. I am in a good group with my employer contributing and pay I $6,000 per year. $10,000 when I was paying for my two children. Some people pay more.
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I pay $8,000 in income tax to the USA and $2,000 to NY state. Property and school tax on a very cheap, 100 year old house is $6,000. Sales tax is 8% on all purchases except essential food items. Gas tax is $0.50/ gallon.
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I must wait to receive social security payments until age 68 to get a better amount. And it is really just giving back what I have paid in over my career. If it is still solvent 10 years from now.
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k-12 education is free and generally accessible to all and the schools in NY are excellent. Students may study bio/ chem/ physics/ algebra/ geometry/ trig/ calculus, if they choose. But still very little computer programming or cad is available. Secondary education is a highly privatized big busniness with costs of attendance running at about $60,000/ year. Student loans are the biggest rip off charging 6%.