dgildeh
Joined 18 years ago
Joined 18 years ago
Also, my point was I feel that I get nothing for my taxes in California already!
I will give California public libraries which I rediscovered recently after Covid, that's probably the only service I appreciate with my tax dollars currently!
:)
Most of my friends/colleagues are not aware that for at least single tax filers, the difference between UK/California is less than 5%, I think its assumed Europe is significantly higher, and that's not the case anymore as the US bureaucracy has grown!
Not only has the homeless problem gotten worse since they introduced it, its also driven a few companies out of the city like Stripe, and in my opinion its the policies, not the funding which is the issue.
These are all examples of the government raising taxes, expanding, and not being accountable for any results that the increased spend was meant to bring
I did think to add some caveats about the NHS, my sister works there so I'm aware of all the issues there. However, I would rather choose that system, over the one here, which is extremely expensive, and doesn't even look after you if you lose your insurance for whatever reason.
I think overall, I would say the UK has a lot of challenges, and if I was still living there, I would actually feel ok to pay more taxes to support those services, because I'd be using them.
As opposed to here, where I pay almost the same rate of taxes, and feel like I get nothing in return!
Compare here, we have a Caltrain that only runs once an hour during the day, is slow, and to get to city requires switching to the Bart, which is also slow, and so filthy too, its much easier just to drive into the city, avoiding the potholes, and hoping your car doesn't get broken into when you park late downtown...
UK has it way better without any cherry picking :)
Re. healthcare, from past people I've hired and let go and friends who've been unemployed, perhaps as they're all in tech with higher incomes, it seems pretty accurate. I remember one employee had to setup Cobra to continue keeping their healthcare plan, and it was actually more expensive than what the company was paying for some reason! Terrible system in general...
Re. 401(k), I understand these are privately managed accounts, but the rules around them are dictated by the government, and can be changed as many countries are doing in general. And there are penalties for withdrawing before 59.5years, which I would call the "retirement age" on these plans. I completely get the math of deferring taxes on your investments, and employer contributions, but I prefer to find other tax strategies that lock in tax savings today and also have more freedom around what we do with our money, these plans are pretty restrictive and I suspect will only get more restrictive in future as I mention in the blog.
With regards to my paranoia, I did link to a full blog on Privacy explaining that position, but specifically this attempt which fortunately failed: https://abcnews.go.com/Politics/biden-admin-backs-tracking-b...
I could be wrong, but this is one of many examples I've heard about since moving here, the general theme being they want more powers to get our data and audit us. Since moving here, our experience is the IRS is way more aggressive and invasive with tax filings and penalties than we ever experienced in the UK too. And don't even get me started on the exit tax, which for some reason kicks in after 8 years if you're on a green card, requires you to list every asset you have worldwide, and then pay capital gains on it, if you ever decide to leave the USA one day!