> thats why youre taxed into oblivion after a certain point.
Fun Fact: The nordic countries have a fairly flat tax rate (flatter than the U.S.) as well a 25% VAT and a low (20%) corporate tax rate. Most people don't realize this and would howl about regressivity if the U.S. introduced a 25% sales tax and lowered the top bracket to anyone earning more than $59K - which is Sweden's top bracket this year. So "beyond a certain point" for Sweden means "beyond $60K/year income".
You are right about the corporate tax, but for regular employees Sweden is one of the worst places to be in terms of taxes. Roughly half of the cost to the employer has to be paid in taxes (first withholding tax, then income tax). And then VAT, gas tax, alcohol tax, etc etc.
Yes, I agree that the tax burden is heavy in Sweden. I'm pointing out that with a 25% VAT and a top bracket of $60K, that burden is not nearly as progressive as, say, the U.S., where brackets go from 10% for $10K to 37% for 523K (after deductions). Whereas in Sweden, you pay 32% at $1800 and then 52% at $60K and you stay at 52% (again, after deductions).
Fun Fact: The nordic countries have a fairly flat tax rate (flatter than the U.S.) as well a 25% VAT and a low (20%) corporate tax rate. Most people don't realize this and would howl about regressivity if the U.S. introduced a 25% sales tax and lowered the top bracket to anyone earning more than $59K - which is Sweden's top bracket this year. So "beyond a certain point" for Sweden means "beyond $60K/year income".