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A Global Tax Comparison: United Kingdom, France, and the United States (Florida)
I often have conversations with my friends in England about the incredible tax burden there compared to Florida. Florida, of course, has no state income tax, unlike California’s 12% tax, making it the number one choice for athletes such as pro golfers. Anyway, I decided to make a basic comparison and include France, where I also spend a few weeks a year.
When evaluating taxation systems across countries, it is essential to consider income tax but other taxes such as social contributions, property taxes, and consumption taxes like VAT or sales tax. This article compares the total tax burden for an individual earning $100,000 annually and spending $3,000 monthly on taxable goods and services in the United Kingdom, France, and the United States (Florida).
The Tax Breakdown
Country-Specific Analysis United Kingdom
The United Kingdom’s taxation system combines moderate income tax rates with significant consumption taxes. For a $100,000 income:
- Income Tax: The progressive system taxes income at rates of 20%…