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For those interested, here is a more comprehensive view of the difference between taxation in Scandinavian countries and the USA: https://taxfoundation.org/how
by cjlars 10y ago
For those interested, here is a more comprehensive view of the difference between taxation in Scandinavian countries and the USA:
https://taxfoundation.org/how-scandinavian-countries-pay-their-government-spending/ https://taxfoundation.org/how-scandinavian-countries-pay-the...
Sweden itself would be marked by much higher VAT/Sales taxes -- which collect about 9% of GDP in SWE vs 2% of GDP in the US -- as well as higher income taxes, collecting 22% of GDP vs 15% in the US. Also, despite much higher corporate statutory tax rates, the US does not raise a larger % of GDP from corporate taxes. I was also surprised to see the top income tax rate in SWE phase in at only 1.5x the median income vs 8.5x in the USA. They also have higher income taxes on middle and low earners. Because of this, more of the difference in total tax burden seems to fall on the middle class than is commonly thought.