> the median income in the US is $19k (net) per year, and about $15k (net) per year in Europe
That's off by close to half. The median income in the US is around $37,000 [1], the median full-time income is around $53,000 [2] and the median US household income is up over $70,000 [3].
It's also worth noting that those median incomes are paying low tax rates on that income (typically ~15%-20% including federal + state + local + fica, depending on the location).
That's off by close to half. The median income in the US is around $37,000 [1], the median full-time income is around $53,000 [2] and the median US household income is up over $70,000 [3].
It's also worth noting that those median incomes are paying low tax rates on that income (typically ~15%-20% including federal + state + local + fica, depending on the location).
[1] https://fred.stlouisfed.org/series/MEPAINUSA672N
[2] https://www.bls.gov/news.release/wkyeng.t01.htm
[3] https://fred.stlouisfed.org/series/MEHOINUSA672N