As a fairly young US citizen I'm curious, I thought that most health care plans have an out of pocket maximum that is usually in the low to mid thousands per year. Would this situation not be one that limits the yearly cost that way?
US median individual wage is $39K/yr for males and $26.5K/yr for females [1]. That amounts to an after-total-tax (for a California resident) of $28K/yr for males and $19K/yr for females.
Average rent ranges from $500-$3600/mth though for illustrative purposes (taking into account people in expensive places share) let's use $1K/mth for our hypothetical person. [3]
That leaves you with $16K/yr (male) and $7K/yr (female) for food, transportation and incidental expenses.
Obamacare backed health plans have a maximum out-of-pocket of $7K/yr for individuals.
Yeah, I'd say the median American is pretty much SOL if they get sick even if they have insurance. And those figures don't take into account the price of the insurance itself if your employer elects not to provide it to you.
In the UK your NHS annual out-of-pocket maximum is $0.
US median individual wage is $39K/yr for males and $26.5K/yr for females [1]. That amounts to an after-total-tax (for a California resident) of $28K/yr for males and $19K/yr for females.
The tax calculator you reference includes estimates of sales, property, and fuel taxes (which make up much of the tax total at the incomes here), which are actually rolled into rent, transportation, and general purchases, so you are double counting some expenses.
