Tax cuts are old and outdated.
It is obvious that large tax cuts are not what Sweden need. That era is over in Swedish politics. Said Finance Minister Magdalena Andersson in an interview with Dagens Industri, published on Tuesday.
Sweden has the second highest income tax rate in the world, and the highest in Europe, with a 56.6% deducted from annual income and have the highest marginal tax in the world.
Source in Swedish
http://www.svd.se/skattesankningar-a...lt-och-mossigt
As someone who is already subject to state taxation because of my (relatively) high salary this is just completely insane to me. On top of this i have to pay a 25% VAT on everything i buy and on top of that extra taxes on some items such as alcohol, tobacco, gasoline, cars etc.
Do you think our new feminist government is on to something here? Is paying low taxes an outdated model? Should everyone country drastically raise taxes?
Do our finance minister possess some kind of new groundbreaking knowledge in economics that the rest of the world have yet to learn?