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Old 02-27-2009, 10:26 AM   #22
kayaker
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Default Re: Great Quote

Can I throw this out there for discussion? This info comes from Wikipedia and I have not checked the sources.

Since the late 1960s, Sweden has had the highest tax quota (as percentage of GDP) in the industrialized world, although today the gap has narrowed and Denmark has surpassed Sweden as the most heavily taxed country among developed countries. Sweden has a two step progressive tax scale with a municipal income tax of about 30% and an additional high-income state tax of 20–25% when a salary exceeds roughly 320,000 SEK per year.

Sweden has one of the best education systems in the world.

The health care is governed by the 21 landsting of Sweden and is mainly funded by taxes, with nominal fees for patients.

Me again. This last paragraph indicates that Sweden is lowering taxes.

A September 29, 2008 editorial in the Wall St. Journal quoted Jan Björklund, leader of Sweden's Liberal Party, as saying, "The corporate tax is one of the taxes which large companies really study when they plan to set up business somewhere." The editorial goes on to say, "The corporate tax reduction will bring the Swedish rate down to 26.3% from 28%, continuing its fall from a high of 57% in 1987... entrepreneurship had become such an alien concept that more than half of Sweden's 50 largest companies were founded before World War I and only two after 1970—the period when taxes and social welfare programs proliferated... Three years ago Sweden eliminated its inheritance tax."
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