3 ms·
If you look at the actual data, it's simply not true. Per capita disposable income in the US is 40% higher than Sweden. Housing spending as % of income is somew
by sershe 4y ago
If you look at the actual data, it's simply not true. Per capita disposable income in the US is 40% higher than Sweden. Housing spending as % of income is somewhat higher in Sweden. Household debt as %% of income is twice as high in Sweden (I was actually surprised by that). Net worth in Sweden is somewhat lower as %% of income, I guess it would make it a bit higher in absolute terms?
Tax burden in Sweden is much higher for middle class. I mean it looks like my wife, who is a school teacher in the US, would be taxed at marginal 53%, not counting the VAT of 25%, that is insane. That sure is a "decent cut", just not the right way ;)
What exactly does this "decent cut" translate into?