Monday, May 21, 2007
European Competition
So, given the increase in value of the Euro versus the Dollar, The question becomes: Is the United States still the most profitable place to be employed? Short answer, Yes. Longer answer, because of the higher tax rate in European countries even if your currency is becoming more valuable you're still paying a greater proportion of it in taxes. So, I still think that Working in an American city is the best solution for gaining wealth, provided that you have a high rate of savings.
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