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Swedish taxes are high for individuals, but the system is regressive. Sweden has abolished all kinds of wealth tax and only has three income tax bands. It is a
by TazeTSchnitzel 5y ago
Swedish taxes are high for individuals, but the system is regressive. Sweden has abolished all kinds of wealth tax and only has three income tax bands. It is a great place to live if you are rich.
- hogFeast 5y agoYes, I wondered if anyone was going to point that out. The lowest rate of personal income tax is relatively high, extremely low income tax threshold, sales tax is 25%. Compare this to the US where close to a majority of the population doesn't even pay income tax, it is quite different. I don't think either system is better than the other. But talk to someone on $60k in the US and ask whether they want to pay 53% over the 22% they pay today. You get more public services in Sweden but these services are fully-funded by your tax revenue, and there is very little redistribution.