Post
Topic
Board Economics
Re: High Pay, High Taxes or Low Pay, Low Taxes?
by
EarnOnVictor
on 13/08/2025, 06:15:48 UTC
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.
This is where the proper economic consideration and calculations come in. Some people might be living in a rural area and be collecting an average of $2,500 monthly, while some people might be living in an urban area and be collecting $4,500 monthly. After considering the taxes and the bills, someone who lives in a rural area could save over $1,200 monthly, but it might be difficult for someone staying in an urban area to save $500 due to the standard of living in the area and the higher taxes paid. Having this understanding can help people make an informed decision. It is not wise to accept a job where you will save less.