Socialist country tax rates

A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main indicative types of taxes:

3 Oct 2019 Scandinavia is Not Socialist, It Just Soaks the Taxpayer. A look at tax rates in Scandinavian countries reveals a hefty burden. system is a must for countries in transition (CITs) from socialism to a market The Tax Reform Law of 6th March, 1990 reduced the confiscatory top rates for the . countries. In 2014, US taxes at all levels of government represented 26 “ Revenue Statistics: OECD Countries—Comparative Tables.” ———. 2015. 7 Jan 2019 Alexandria Ocasio-Cortez's suggested 70 percent marginal tax rate has Sweden is not perfect but it's a successful high-income country where ordinary people have Another Thing Trump's Anti-Socialist Report Gets Wrong. 30 Apr 2019 These countries are not socialist.131 Business taxa- tion is highly competitive. Nordic corporate tax rates are lower than the U.S. tax rate—even 

5 Mar 2018 The same happened in India during and after its 20th-century experiment with socialism. What is clear from the data is that it is the actual tax rate 

Via the BBC: French 75% income tax struck down by constitutional council France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Ho The image of Sweden and other Scandinavian countries as strongholds of socialism harks back to the 1970s and 1980s. While income tax rates have come down considerably from their peak in the France arguably is a socialist country, considering its high tax rates and extensive social programs. However, it is not communist, as the state does not attempt to control the means of production. Instead, those forces are left to markets, which are remarkably good at regulating themselves. Danes actually pay for their brand of socialism through heavy taxation. In Denmark, everyone pays at least the 25% value-added tax (VAT) on all purchases. Income tax rates are high. If you receive One of the greatest criticisms leveled at socialist and perceived socialist nations is their high taxes, usually reinforced with the example of France and it's high tax rates under a newly elected socialist government. Let's examine that claim factually, a quick analysis will prove it false. Total Tax Revenue. US taxes are low relative to those in other developed countries (figure 1). In 2015, taxes at all levels of US government represented 26 percent of gross domestic product (GDP), compared with an average of 33 percent for the 35 member countries of the Organisation for Economic Co-operation and Development (OECD).

6 Mar 2019 In countries like Denmark, Sweden, and Finland, marginal tax rates of near 60 percent hit earners deep into the middle class. Denmark's 60 

Instead, Greece is a tax hazard. Greece ranks as the 15th largest economy in the European Union, but it also takes the 13th spot among the world’s highest tax countries with a high tax rate of 48%. To put this into perspective, Greece has a tax rate that is almost three times higher than the tax rate in the country of Georgia. Before you move to one of these countries with the highest income taxes rates, think through the overall tax situation and what you get for your money. As the figures show, while a top rate of 50 per cent would be significantly higher than the average of 42.5 per cent it is far from the highest. Denmark, Sweden and Belgium (hardly socialist backwaters) are among the six countries with higher rates, while Austria and Japan also have a top rate of 50p. How much higher are taxes in socialist European countries? According to 2009 numbers, the overall tax burden (an average of both personal and corporate income tax rates) in Denmark is 48.2 percent of Gross Domestic Product (GDP), the total value of all goods and services produced annually. Tax rates vary in each country, from over 50% to 0% for the average wage earner in the country. Spain, France, and Germany all have the same 30% tax rate for the average citizen, but Germany has If the U.S. tax code was as flat as Denmark’s, someone earning roughly $70,000 would face a top marginal tax rate of 46.3% (source: page 30). That’s simply the first layer of taxation, as all Scandinavian countries have a 25% value-added tax on purchases (the equivalent of a sales tax).

14 Apr 2005 Certainly, most countries have cut their tax rates as they have Spain's socialist government, has advocated (largely in vain to date) a flat tax of 

6 Jun 2019 European countries have, on average, more redistributive tax systems and Although there have been cuts in the top rate of income tax across  6 Mar 2019 In countries like Denmark, Sweden, and Finland, marginal tax rates of near 60 percent hit earners deep into the middle class. Denmark's 60  12 Mar 2019 Proponents say these measures would address economic inequality, pointing to the United States' position as one of the most unequal countries  The top rates were less in 12 countries. The highest individual income tax rate in Hungary is only 15 percent. 8 Jan 2019 Not a single country in the OECD has a 70 percent tax bracket. Indeed, America's top combined income- and payroll-tax rate already exceeds  3 Dec 2018 Scandinavian countries are famed for combining high rates of taxation with In Denmark, for example, the top marginal tax rate is applied to all 

A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main indicative types of taxes:

countries. In 2014, US taxes at all levels of government represented 26 “ Revenue Statistics: OECD Countries—Comparative Tables.” ———. 2015. 7 Jan 2019 Alexandria Ocasio-Cortez's suggested 70 percent marginal tax rate has Sweden is not perfect but it's a successful high-income country where ordinary people have Another Thing Trump's Anti-Socialist Report Gets Wrong. 30 Apr 2019 These countries are not socialist.131 Business taxa- tion is highly competitive. Nordic corporate tax rates are lower than the U.S. tax rate—even  6 Jun 2019 European countries have, on average, more redistributive tax systems and Although there have been cuts in the top rate of income tax across  6 Mar 2019 In countries like Denmark, Sweden, and Finland, marginal tax rates of near 60 percent hit earners deep into the middle class. Denmark's 60  12 Mar 2019 Proponents say these measures would address economic inequality, pointing to the United States' position as one of the most unequal countries 

Before you move to one of these countries with the highest income taxes rates, think through the overall tax situation and what you get for your money. As the figures show, while a top rate of 50 per cent would be significantly higher than the average of 42.5 per cent it is far from the highest. Denmark, Sweden and Belgium (hardly socialist backwaters) are among the six countries with higher rates, while Austria and Japan also have a top rate of 50p. How much higher are taxes in socialist European countries? According to 2009 numbers, the overall tax burden (an average of both personal and corporate income tax rates) in Denmark is 48.2 percent of Gross Domestic Product (GDP), the total value of all goods and services produced annually. Tax rates vary in each country, from over 50% to 0% for the average wage earner in the country. Spain, France, and Germany all have the same 30% tax rate for the average citizen, but Germany has If the U.S. tax code was as flat as Denmark’s, someone earning roughly $70,000 would face a top marginal tax rate of 46.3% (source: page 30). That’s simply the first layer of taxation, as all Scandinavian countries have a 25% value-added tax on purchases (the equivalent of a sales tax). Via the BBC: French 75% income tax struck down by constitutional council France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Ho