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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
by 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 agoMaybe 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]