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Sweden places the tax burden on the individual not the corporations. Their Corp tax rat is 21%. The same rate that the Republicans pushed for in the tax change.
by controversy 6y ago
Sweden places the tax burden on the individual not the corporations. Their Corp tax rat is 21%. The same rate that the Republicans pushed for in the tax change. The difference is the average citizen is taxed at 48% vs the US average of 21.
- walshemj 6y agoBut does that take health care and other benefits into account ?
- controversy 6y agoIt takes into consideration health care.
- walshemj 6y agoReally I am not convinced - I know a UK expat (worked for Citi bank) and he was paying well over 15% just for heath care just for him - and his wife already had federal benefits (Something senior in the FBI)
- vidarh 6y agoTotal tax wedge (which includes taxes paid by the employer) for an average Swedish citizen without children is ~43%. For one with children it is lower. Total taxes paid by the employee for an average Swede is closer to 25%. The highest marginal rate for someone on an average salary in Sweden is around 48% for the total tax wedge, but someone on the average is not paying that marginal rate. For the same categories the total tax wedge for the US is 24%, and the total tax ~18% (for comparison the marginal rate for an average earner in the US in the same category is 40.8%) Source: OECD Taxing Wages 2020