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Old 03-15-2017, 11:36 AM
 
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Quote:
Originally Posted by InformedConsent View Post
On the US figures, they're included. That's what payroll taxes are. Look at my post again. It very clearly includes payroll taxes in the local, state, and federal total tax rate chart.

Not everyone in Sweden can go to college. You have to pass tests. The left in the US would scream holy hell and racism if we did that here.
Wrong. There are plenty of open seats in Swedish colleges for anyone who graduated high school. Until very recently, Sweden even paid for Americans (Germany still pays for all Americans who attend college in Germany because American taxpayers would rather spend money on perpetual war mongering in the Middle East and gifts to big pharma than American citizens).

Someone making $10 000 a year in Sweden pays 12% in payroll, federal income tax and local income tax. When taxes in Sweden pay for child care, higher education, pension, health care, public transit, disability benefits, 1 year paid family and medical leave, 5 weeks paid vacation and much more, thats a pretty good deal. Just child care costs alone is over $20 000 a year per child for many American families.

 
Old 03-15-2017, 11:43 AM
 
Location: the very edge of the continent
88,628 posts, read 44,352,506 times
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Quote:
Originally Posted by PCALMike View Post
Not enough revenue is collected in the US because the US taxes someone making $300 000 at a much lower rate than in places like Sweden.
Likewise the $10,000 earner. Tax them 31%, like Sweden does, and add a 25% VAT on top of that, also like Sweden does. Deal?
 
Old 03-15-2017, 11:45 AM
 
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Quote:
Originally Posted by InformedConsent View Post
Likewise the $10,000 earner. Tax them 31%, like Sweden does, and add a 25% VAT on top of that, also like Sweden does. Deal?
The $10 000 earner is taxed at 12% in Sweden. You are deeply confused, comparing effective tax rates with marginal tax rates without taking into account deductions and earned income tax credits in Sweden for low wage earners:

Google translate and see for yourself: Räkna ut din skatt - Ekonomifakta
 
Old 03-15-2017, 11:47 AM
 
Location: the very edge of the continent
88,628 posts, read 44,352,506 times
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Quote:
Originally Posted by PCALMike View Post
Someone making $10 000 a year in Sweden pays 12% in payroll, federal income tax and local income tax.[
Wrong. According to Sweden's taxing authority, a $10,000 earner is in the 31% income tax bracket. In the US, a $10,000 earner is in the 15% income tax bracket. See the difference?
 
Old 03-15-2017, 11:48 AM
 
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Quote:
Originally Posted by InformedConsent View Post
Wrong. According to Sweden's taxing authority, a $10,000 earner is in the 31% income tax bracket. In the US, a $10,000 earner is in the 0% income tax bracket.
Thats not the effective tax rate. You are confused. But its good that you have now been corrected and we can move on.
 
Old 03-15-2017, 11:56 AM
 
Location: the very edge of the continent
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Quote:
Originally Posted by PCALMike View Post
Thats not the effective tax rate. You are confused. But its good that you have now been corrected and we can move on.
how do tax brackets not affect effective tax rates? It's you who need to be corrected.

Income tax bracket of $10,000 earner:

Sweden: 31%
US: 15%

See the difference?
 
Old 03-15-2017, 12:13 PM
 
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Quote:
Originally Posted by InformedConsent View Post
how do tax brackets not affect effective tax rates? It's you who need to be corrected.

Income tax bracket of $10,000 earner:

Sweden: 31%
US: 15%

See the difference?
Because you compared effective tax rates with marginal tax rates. But you have now been corrected and the $10 000 earner pays 12% in effective income and payroll tax in Sweden (earned income tax credits more than halves the effective rate). Someone making $300 000 doesnt get any earned income tax credits and their effective tax rate is 54%.
 
Old 03-15-2017, 12:23 PM
 
Location: the very edge of the continent
88,628 posts, read 44,352,506 times
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Quote:
Originally Posted by PCALMike View Post
Because you compared effective tax rates with marginal tax rates. But you have now been corrected and the $10 000 earner pays 12% in effective income and payroll tax in Sweden (earned income tax credits more than halves the effective rate).
And a $10,000 earner in the US pays what effective income and payroll tax rate after applying all the exemptions and tax credits? Most US tax calculator estimates have it at 0%.

YOU'VE been corrected. Start taxing $10,000 US earners at 12%, and we'll talk.
 
Old 03-15-2017, 12:44 PM
 
14,221 posts, read 6,905,506 times
Reputation: 6059
Quote:
Originally Posted by InformedConsent View Post
And a $10,000 earner in the US pays what effective income and payroll tax rate after applying all the exemptions and tax credits? Most US tax calculator estimates have it at 0%.

YOU'VE been corrected. Start taxing $10,000 US earners at 12%, and we'll talk.
And the $10 000 earner in the US has to pay child care, health care, retirement, higher education etc out of pocket. You are just getting desperate now. Paying 12% in payroll taxes, federal and local income taxes and property taxes means big savings compared to privatized user fees on everything.
 
Old 03-15-2017, 12:59 PM
 
8,021 posts, read 3,589,957 times
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Quote:
Originally Posted by InformedConsent View Post
And a $10,000 earner in the US pays what effective income and payroll tax rate after applying all the exemptions and tax credits? Most US tax calculator estimates have it at 0%.

YOU'VE been corrected. Start taxing $10,000 US earners at 12%, and we'll talk.

Here you go : $1000 a month health insurance premium, oops... exceeded 100%
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