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For a significant part of that interval, Swedish taxes were in excess of 100% for very high earners. Can one blame him?

giarc 10y ago
How is that possible? EDIT - This site shows that it peaked at 61%. http://www.tradingeconomics.com/sweden/personal-income-tax-rate http://www.tradingeconomics.com/sweden/personal-income-tax-r...
- jasonlingx 10y ago
  http://skeptics.stackexchange.com/questions/15235/did-swedish-tax-rate-ever-exceed-100 http://skeptics.stackexchange.com/questions/15235/did-swedis...
- olasaustralia 10y ago
  H
- olasaustralia 10y ago
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- Kiro 10y ago
  The marginal tax rate was over 100 for some, e.g. Astrid Lindgren which inspired https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania
- porx 10y ago
  It's possible if the government plays around with the tax system too much while being composed of idiots who don't understand basic math or don't understand why tax rates over 100% are bad. As an example, former Croatian prime minister Jadranka Kosor introduced a new tax according to which if your after-tax income was above a certain limit, you had to pay an additional 4% of that income as tax. Of course this resulted in >100% marginal tax rates. I assume Sweden had a similar situation, where it wasn't actually a 102% tax rate, but a combination of multiple different taxes that resulted in an effective tax rate over 100%. The people who created those taxes either didn't care or were simply too stupid to notice the problem.
deleted 10y ago
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ptaipale 10y ago
It wasn't that common, but it was a real phenomenon that personal income marginal taxes could exceed 100 %. The Social Democrats in Sweden got angry when Astrid Lindgren pointed it out, and it seems some Hacker News readers with a downvote button become angry in the same way when this is mentioned. https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania
- jacobush 10y ago
  Maybe a pedant got angry. AFAIK it never exceeded 100%, but it could get pretty close to 100% which is kind of an outrage in itself.
  - deleted 10y ago
    [deleted]

giarc 10y ago

How is that possible? EDIT - This site shows that it peaked at 61%. http://www.tradingeconomics.com/sweden/personal-income-tax-rate http://www.tradingeconomics.com/sweden/personal-income-tax-r...

jasonlingx 10y ago
http://skeptics.stackexchange.com/questions/15235/did-swedish-tax-rate-ever-exceed-100 http://skeptics.stackexchange.com/questions/15235/did-swedis...
olasaustralia 10y ago
H
olasaustralia 10y ago
H
Kiro 10y ago
The marginal tax rate was over 100 for some, e.g. Astrid Lindgren which inspired https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania
porx 10y ago
It's possible if the government plays around with the tax system too much while being composed of idiots who don't understand basic math or don't understand why tax rates over 100% are bad. As an example, former Croatian prime minister Jadranka Kosor introduced a new tax according to which if your after-tax income was above a certain limit, you had to pay an additional 4% of that income as tax. Of course this resulted in >100% marginal tax rates. I assume Sweden had a similar situation, where it wasn't actually a 102% tax rate, but a combination of multiple different taxes that resulted in an effective tax rate over 100%. The people who created those taxes either didn't care or were simply too stupid to notice the problem.

deleted 10y ago

[deleted]

ptaipale 10y ago

It wasn't that common, but it was a real phenomenon that personal income marginal taxes could exceed 100 %. The Social Democrats in Sweden got angry when Astrid Lindgren pointed it out, and it seems some Hacker News readers with a downvote button become angry in the same way when this is mentioned. https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania https://en.wikipedia.org/wiki/Pomperipossa_in_Monismania

jacobush 10y ago
Maybe a pedant got angry. AFAIK it never exceeded 100%, but it could get pretty close to 100% which is kind of an outrage in itself.
- deleted 10y ago
  [deleted]