Post
Topic
Board Economics
Re: High Pay, High Taxes or Low Pay, Low Taxes?
by
passwordnow
on 10/08/2025, 20:24:57 UTC
It is known that in some U.S. states as well as in some other countries, the higher your income, the higher your taxes, while in others, the lower your income, the lower your taxes. The simple question I would like to ask you is this: which would you choose, to accept a job with high income in a where the cost of living is high and you pay high taxes, or go for a low paying job in a state where the cost of living is low and the taxes are low? After all, taxes never end.
Yeah, taxes never end so might just go after with higher pay and have higher taxes. This also gives you a good credit standing if you ever want to purchase something big. Since you're documented and pays a lot of taxes, the banks will surely give you that standing and you're one of the prospects that they're looking for with that criteria as a high earning person. It's good to live in a low cost of living but by its standards, the inflation is unstable and soon, you'll also feel how high the prices are. So, if there is no other option then paying with high taxes but earning higher is the best option IMO.