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Old 10-13-2015, 09:06 AM
 
Location: the very edge of the continent
89,031 posts, read 44,840,107 times
Reputation: 13715

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Quote:
Originally Posted by PCALMike View Post
You are the one who dont believe it and claim that Sweden has high income inequality because of all these people who dont pay any taxes according to you. It really isnt as easy to not pay taxes in Sweden as you claim
Based on what? Sweden's tax reach doesn't extend beyond their own boundary. It's perfectly legal for Sweden's rich to place holdings in foreign accounts and pay no taxes at all to Sweden on income and gains.

Quote:
and I have not seen any credible research to suggest that the so-called "unofficial inequality" in Sweden is sky high, like you claim
Why Socialist Scandinavia Has Some Of The Highest Inequality In Europe - Business Insider

And that's just what's officially on record. Doesn't include any of the assets hidden in foreign accounts and protected by secrecy laws.

But, hey... Sweden has GREAT social and safety net program benefits, so let's emulate Sweden both in tax code and social policy!
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Old 10-13-2015, 09:09 AM
 
Location: Tucson/Nogales
23,223 posts, read 29,051,044 times
Reputation: 32632
Quote:
Originally Posted by MTAtech View Post
Did you do a lot of acid in college?
Why do you say that? Because I believe in Astrology, which our Government, in all its power, tries to denigrate and have you believe there's no credibility to it? And I perfectly understand why the Government is so fearful of the idea of wider acceptance of it by its citizens!
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Old 10-13-2015, 09:13 AM
 
Location: the very edge of the continent
89,031 posts, read 44,840,107 times
Reputation: 13715
Quote:
Originally Posted by pknopp View Post
Per capita Sweden has more billionaires than the U.S.
And yet their income tax (including capital gains, etc.) as a source of revenue is a full 10 percentage points below that of the U.S. There's a hell of a lot of rich Swedes legally avoiding taxes.

Direct comparison of tax revenue sources in the U.S. and Sweden:

Taxes on personal income, profits, and gains
U.S.: 38%
Sweden: 28%

http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-united-states.pdf

http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-sweden.pdf
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Old 10-13-2015, 09:15 AM
 
14,221 posts, read 6,963,795 times
Reputation: 6059
Quote:
Originally Posted by InformedConsent View Post
Based on what? Sweden's tax reach doesn't extend beyond their own boundary. It's perfectly legal for Sweden's rich to place holdings in foreign accounts and pay no taxes at all to Sweden on income and gains.

Why Socialist Scandinavia Has Some Of The Highest Inequality In Europe - Business Insider

And that's just what's officially on record. Doesn't include any of the assets hidden in foreign accounts and protected by secrecy laws.

But, hey... Sweden has GREAT social and safety net program benefits, so let's emulate Sweden both in tax code and social policy!
"So they're unequal, at least in part, because much of the country's middle class doesn't feel the need to accumulate significant wealth"

I'd like to see some statistics of this claim of yours that inequality in Scandinavia is so high.
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Old 10-13-2015, 09:15 AM
 
Location: the very edge of the continent
89,031 posts, read 44,840,107 times
Reputation: 13715
Quote:
Originally Posted by PCALMike View Post
Kamprad moved to Switzerland precisely to avoid paying taxes. And if Switzerland wouldnt take him, he would have just moved to Delaware or some other tax haven.
Can a rich U.S. citizen do likewise? No. The fact is that rich Swedish citizens can and do legally avoid paying taxes to Sweden.
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Old 10-13-2015, 09:20 AM
 
Location: the very edge of the continent
89,031 posts, read 44,840,107 times
Reputation: 13715
Quote:
Originally Posted by PCALMike View Post
"
I'd like to see some statistics of this claim of yours that inequality in Scandinavia is so high.
Did you not read the link? And couple that with the facts that:

1) Per capita Sweden has more billionaires than the U.S.

Sweden's billionaires: They have more per capita than the United States.

2) Sweden's very high income tax (including capital gains, etc.) as a source of revenue is a full 10 percentage points below that of the U.S.

Direct comparison of tax revenue sources in the U.S. and Sweden:

Taxes on personal income, profits, and gains
U.S.: 38%
Sweden: 28%

http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-united-states.pdf

http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-sweden.pdf

There's a hell of a lot of rich Swedes legally avoiding taxes.
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Old 10-13-2015, 09:22 AM
 
14,221 posts, read 6,963,795 times
Reputation: 6059
Quote:
Originally Posted by InformedConsent View Post
And yet their income tax (including capital gains, etc.) as a source of revenue is a full 10 percentage points below that of the U.S. There's a hell of a lot of rich Swedes legally avoiding taxes.

Direct comparison of tax revenue sources in the U.S. and Sweden:

Taxes on personal income, profits, and gains
U.S.: 38%
Sweden: 28%

http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-united-states.pdf

http://www.oecd.org/ctp/consumption/revenue-statistics-and-consumption-tax-trends-2014-sweden.pdf
Not strange that the tax revenues in a country where the middle class get so much of the income that they pay the most taxes. They generally dont have lots of capital gains. In the US, the rich own so much of the national income and wealth so even with low capital gains tax, it still generate alot of income.
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Old 10-13-2015, 09:26 AM
 
14,221 posts, read 6,963,795 times
Reputation: 6059
Quote:
Originally Posted by InformedConsent View Post
Did you not read the link? [/color][/url]
Where is the link that says that the unofficial inequality in Sweden is sky high?

You are just linking to official records. And the link you provided even stated that the study was flawed and explicitly stated that the middle class in Sweden was so strong.

You claim that Sweden is so rich because it is unable to tax worldwide income like every country except the US. This is just something you make up.
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Old 10-13-2015, 09:26 AM
 
Location: the very edge of the continent
89,031 posts, read 44,840,107 times
Reputation: 13715
Quote:
Originally Posted by PCALMike View Post
Not strange that the tax revenues in a country where the middle class get so much of the income that they pay the most taxes.
Nope. Sweden has more billionaires per capita than the U.S. And they can and do legally shield their income from Swedish taxes.
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Old 10-13-2015, 09:28 AM
 
Location: the very edge of the continent
89,031 posts, read 44,840,107 times
Reputation: 13715
Quote:
Originally Posted by PCALMike View Post
Where is the link that says that the unofficial inequality in Sweden is sky high?

You are just linking to official records. And the link you provided even stated that the study was flawed and explicitly stated that the middle class in Sweden was so strong.
Have it your way... Let's implement Sweden's tax code, legalize tax avoidance for the rich like Sweden has, and implement Swedish-style social and safety net programs. Deal?
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