Sweden Has a 70 Percent Tax Rate and It Is Fine

[Deleted]

Yes, plenty of stupidity in the statement "no difference between 10 million and 300 million people in terms of politics". I'm Swedish too if you're going to pretend like that's why I'm saying it's stupid.

You just said the thing as me, the numbers are not the issue. Resistance to adopt it is.

[Mormolyce]

Leaving about 30% take home pay

Ba-bow, someone failed maths again.

I bet the tax system encourages people to aim for a lower salary were the high taxes don't kick in. Instead of $98K they might shoot for $50K.

This is... irony, right?

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Yes, plenty of stupidity in the statement "no difference between 10 million and 300 million people in terms of politics".

You can't just make a blanket statement like that, you have to actually propose a reason why population size is relevant to this particular argument.

[Hadriker]

I bet the tax system encourages people to aim for a lower salary were the high taxes don't kick in. Instead of $98K they might shoot for $50K.

Man I know people that think like this. "i don't wanna make over x becasue i will make less money if i hit the new tax bracket." Its amazing how many people don't really know how the tax system works

[Sorshen]

Hubcap making a fool out of himself then bailing thread. Just another day that ends in -y. At least we had some informative posts detailing taxation for dummies like op.

[Soeroah]

I'd say it depends on what those extra dollars cost YOU as a worker : more work time, less free/family time, etc... If your overtime ends up taxed at 70% how does that balance with the time spent?

Diminishing returns of dollars per hour spent is different from thinking if you earn more you actually earn less, though.

You might learn less than you would have if the tax rate were lower, but at the end of the day it's still more money in your pocket. The way some people treat tax brackets is trying to avoid the next bracket at any cost because they think they'll have money taken away from them, as opposed to earning less value past their current salary.

[SealMemeSix]

Gotta fund all those "refugees'" rapecations after all. How else will they breed away their heritage?

[zenkai]

I bet the tax system encourages people to aim for a lower salary were the high taxes don't kick in. Instead of $98K they might shoot for $50K.

Mother is a nurse and when she got too much overtime she got into a much higher tax bracket. You know what she did to stop that? She wouldn't work, and at the time there was a huge shortage of nurses in our state. Yup taxing middle class is awesome!

[Saverem]

Sweden is a lot larger then an American city. By population it is about the numbers of NYC -- give or take a million people or so depending on how much you add to NYC and the surrounding area. But land size it's larger then California, if Sweden was a state in the USA it would be number 3 sorted by size. So people are fairly spread out, even if most of them live in the lower 1/3 or so of the country. But keeping the same coverage all across the land becomes problematic and expensive. A lot more so then if you had 10M people living in one tiny little spot such as NYC.

You missed the point, land size has nothing to do with it. Taxes are paid by people, not dirt and trees... It's A LOT easier to get 10M people to go along with something than it is to get 400M.

[Draco-Onis]

Mother is a nurse and when she got too much overtime she got into a much higher tax bracket. You know what she did to stop that? She wouldn't work, and at the time there was a huge shortage of nurses in our state. Yup taxing middle class is awesome!

Considering the difference in taxes for brackets in the US is usually around 2-5% you are either lying or your mother is horrible at math.

[Deleted]

define why and how we are fine?

[Unholyground]

I have a lot of co workers who refuse to over time and I'm like why.. especially during holidays. Their answer is always higher bracket, more taxes. It makes no sense you're still making a fuckton more it's not like you're suddenly going to break even.

I don't like OT personally because I value my free time more than money that would just be wasted on frivolous things anyways. People who don't understand the tax brackets just need to be taught how they work. I am glad people are explaining it.

[Lazuli]

I don't like OT personally because I value my free time more than money that would just be wasted on frivolous things anyways. People who don't understand the tax brackets just need to be taught how they work. I am glad people are explaining it.

I value my free time as well but being a leader of a department leaves me no choice :] I just don't understand why an extra hour here or there is so hard for some when I do that literally every day lol.

[EternalBany]

I'm constantly astonished how people think a person earning one dollar less than the next tax margin is better off than the person earning one dollar more than the tax margin.

because usually that extra dollar comes with a LOT more hours AND responsabilities
often is just not worth it with high taxes
your health and family time counts too

[Klaiden Potugye]

hate to break it to you but your co-workers are morons then.

I believe the reference is for diminishing returns.

They still get paid, but at much lower rates - to the point where it becomes unreasonable.

Maybe they are morons, but they know basic economy principles.

[zenkai]

Considering the difference in taxes for brackets in the US is usually around 2-5% you are either lying or your mother is horrible at math.

https://www.cato.org/publications/co...xing-you-think

You should google before making stupid post.

[Arlon]

I wonder what the tax percent is for capital gained through other than a employment contract.

This system is biased towards the middle class, most rich people just shift their wealth into other income sources where the result is that a dude working and earning 98k is taxed more(% of income) than a millionaire.

[Draco-Onis]

https://www.cato.org/publications/co...xing-you-think

You should google before making stupid post.

I tend not to read Koch brother propaganda.

[Lochton]

I bet the tax system encourages people to aim for a lower salary were the high taxes don't kick in. Instead of $98K they might shoot for $50K.

Is this an article just like that other despicable woman did? Where they read the highest number and claim outrage without thinking about the lower numbers or what the money actually go to?

Trust me, I doubt everyone aims for the lowest income.

[Segus1992]

You just said the thing as me, the numbers are not the issue. Resistance to adopt it is.

You can't just make a blanket statement like that, you have to actually propose a reason why population size is relevant to this particular argument.

More people -> more money. More people -> same amount of leaders. Meaning that the money that exists lies more in the power of the few leaders. Therefore corruption is more likely in countries with more people, among other things. That's one reason why you can't just say that numbers have no bearing on whether or not something would work in a different country.

[Milchshake]

I thought we already went over how a progressive tax system works?

Like... 20 times.

Hey Butter, ever figure out how to explain progressive tax system yet?
https://www.mmo-champion.com/threads...9#post38615569

I'm still going with the idea of translating progressive rates into Austrian or some other fascist dialect.