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Hmm, is that true? > So on average, those in the highest earnings bracket will pay 56 percent of their taxable income to the taxman (31 percent in local income

Hmm, is that true? > So on average, those in the highest earnings bracket will pay 56 percent of their taxable income to the taxman (31 percent in local income tax plus 25 percent in national income tax), but a top earner living in Dorotea would pay 60.15 percent. https://www.thelocal.se/20180111/does-swedens-tax-system-really-screw-the-rich https://www.thelocal.se/20180111/does-swedens-tax-system-rea... That sounds higher than the US. Maybe not that much higher than particularly high tax places like NYC, but compared to the US on average, yeah that sounds high. That taxes there are also higher on the middle class, yeah I don't dispute that.

xyzzyz 7y ago
Marginal tax rate in places with most top earners, like California and New York, is around 50%, if you add together both federal and state taxes.
- TulliusCicero 7y ago
  Just used a tax calculator, in Stockholm gross of 500k USD annually was net 210k USD: https://se.neuvoo.com/tax-calculator/?iam=&uet_calculate=calculate&salary=4671068&from=year&region=STOCKHOLM https://se.neuvoo.com/tax-calculator/?iam=&uet_calculate=cal... In NYC it'd be net 284k: https://smartasset.com/taxes/new-york-tax-calculator#xyAZi4NK9M https://smartasset.com/taxes/new-york-tax-calculator#xyAZi4N... So yeah, it's much higher in Sweden. The effective tax rates are 58% vs 43%.