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Sweden's comprehensive but costly welfare model demands high taxes, but reforms by centre-right governments from 2006 aimed at making work pay better and trimming benefits cut the tax burden to below that in France, Finland or Belgium.
I pays to work in Sweden but not to be a speculating upper management thief.
Dude that 60% top rate at the exchange rate in the article would hit people starting at $78K USD. Further, there's a 25% hit afterward for the VAT.
$78K is still well within the realm of normal middle-class workers. Getting taxed at 70% marginal after $78K between income & vat is both a crushing burden and enough to get professionals to start looking for jobs that pay less but require less hours, thus reducing the supply of high-skill labor.
edit: hey look at the quote from the article what I'm talking about in theory actually happened in Sweden in the past!
Quote:
In the 1980s, many doctors chose to work part time to bring down tax rates, straining services.
"If the incentive for working on a Sunday is only to get a few hundred crowns extra*, that incentive is pretty limited," said Johannes Arpegard, a 38-year old doctor. "It will be harder to make people take on-call or night shifts."
*Later in article: ($1 = 8.1047 Swedish crowns)
Last edited by ALackOfCreativity; 10-24-2015 at 02:38 PM..
I read a study a few months ago where France was being destroyed as upper income people and even profitable businesses were leaving France to move to eastern Europe where tax rates were much lower, which is why the unemployment rate is so high in France. I would not be surprised if the same thing does not happen to Sweden.
I read a study a few months ago where France was being destroyed as upper income people and even profitable businesses were leaving France to move to eastern Europe where tax rates were much lower, which is why the unemployment rate is so high in France. I would not be surprised if the same thing does not happen to Sweden.
Link? Because the "studies" I have seen that tend to be blogs, and actual studies I have read seem to indicate the wealth and business moving away tends to be minimal at best. However those have usually been related to smaller tax differentials, so I would be interested in a link to your study.
Link? Because the "studies" I have seen that tend to be blogs, and actual studies I have read seem to indicate the wealth and business moving away tends to be minimal at best. However those have usually been related to smaller tax differentials, so I would be interested in a link to your study.
so then stop complaining how your jobs got sent overseas and how your companies left America. It's minimal, right?
Nothing against France. Do what it wants to do and accept the outcomes. Simple. Move more wealth and opportunities out of France then. And move more middle east north africa immigrant in too. No one minds.
Link? Because the "studies" I have seen that tend to be blogs, and actual studies I have read seem to indicate the wealth and business moving away tends to be minimal at best. However those have usually been related to smaller tax differentials, so I would be interested in a link to your study.
Leeches everywhere loves their free sh*t and loves to use the government as their gun to rob the productive.
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