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The heights marginal income tax rate in Sweden is 56% where the hell are they getting 70% from? If they include things like VAT then yes, but a 20%> VAT is pre
by dogma1138 8y ago
The heights marginal income tax rate in Sweden is 56% where the hell are they getting 70% from?
If they include things like VAT then yes, but a 20%> VAT is pretty much universal in Europe.
- TheChaplain 8y agoThe tax mentioned in the title is the overall tax, not income tax only. The actual tax is actually closer to 90% per generated coin if you include the VAT.
- dogma1138 8y agoStill seem to contradict OECD data https://read.oecd-ilibrary.org/taxation/taxing-wages-2018_tax_wages-2018-en#page21 https://read.oecd-ilibrary.org/taxation/taxing-wages-2018_ta...
- TheChaplain 8y agoLooking at the Sweden IRS pages, the tax on income is ~31%. Taxes (or "fees" as they call it) paid by the employer for each employee is also ~31%. Then add the VAT of 25%.