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Old Yesterday, 04:19 PM
1,801 posts, read 997,364 times
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Originally Posted by TMSRetired View Post
via their social security taxes which are very high compared to that of the US.

Ours is around 15% while Spain's is around 38%.

That does not answer my (rhetorical) question.

Btw, the employee contribution percentage to social security is not any higher than here (and the maximum base is only about 4k a month).

And if you are making $1000 a month, frankly it is a great deal to pay 6% and have HC benefits (and bunch of others e.g. pension, etc.). While if you make $1000 here you basically rely on taxpayer's assistance since there is obviously no way to pay the "market" rate for health insurance.
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Old Today, 01:23 PM
Location: 15 months till retirement and I can leave the hell hole of New Yakistan
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the largest employer in the USA....the federal government

if congress was to double or more (a few are saying 20/hr) the min wage then the entire GS/WG schedule would have to be redone

GS1 only makes $9.13/hr
WG1 only makes $10.02/hr

its not until WG5 that employees are making $15 or more/hr

and since the scales/schedules are prorated..ie steps and grades based on experience and job title...the ENTIRE schedule would have to be majorly adjusted ..... costing the federal government 100's of billions in salary
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