> It appears as if Michael S. Lorrey <firstname.lastname@example.org> 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.
This archive was generated by hypermail 2b29 : Thu Jul 27 2000 - 14:11:33 MDT