From: KPJ (kpj@sics.se)
Date: Tue May 23 2000 - 02:29:43 MDT
It appears as if Michael S. Lorrey <mike@datamann.com> wrote:
|
|One thing that's different (I believe) between the US taxation system and
|that in the UK is the state (and in some places local) tax component we
|have. Here in lovely NYC - about the most taxed place in the US - we
|pay an additional 10% above the Federal rate in combined state and local
|income taxes - plus a host of other taxes (among the highest local
|sales tax rates in the nation, for example). This brings the tax burden
|on many Americans up to - and in some cases beyond - European levels.
You are in error.
In the part of Europe called Sweden, the total of state, municipal and regional
taxes on the _income_ form about 30% and has, in some cases, risen to over 100%
of the income. The various forms of VATs range from about 13% for some
subsided goods up to the standard 25% of the price. There exists special taxes
on spirits, fuels, and tobacco, among other "depreceated" goods that form the
major part of the price. There are taxes on owning a car, a house, and so on.
Some calls Sweden the most taxed country in the world.
I *seriously* doubt that US taxes match these levels.
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