From: Michael S. Lorrey (retroman@turbont.net)
Date: Tue May 23 2000 - 06:17:07 MDT
KPJ wrote:
>
> 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.
I did not say that.
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