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Sweden, Denmark, Norway, Finland, and France cut taxes for the rich.

Old 09-19-08, 09:47 AM
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Sweden, Denmark, Norway, Finland, and France cut taxes for the rich.

All of these counties, including Sweden, Denmark, Norway, Finland, and France, and all of the other countries listed here, cut their top marginal tax rates.

I think it's great that they did that.

What do you think?


http://www.econlib.org/library/Enc/M...lTaxRates.html

Maximum Marginal Tax Rates on Individual Income

1979 1990

Argentina 45 30
Australia 62 47
Austria 62 50
Belgium 76 55
Bolivia 48 10
Botswana 75 50
Brazil 55 25
Canada (Ontario) 58 47
Chile 60 50
Colombia 56 30
Denmark 73 68
Egypt 80 65
Finland 71 43
France 60 53
Germany (West) 56 53
Greece 60 50
Guatemala 40 34
Hungary 60 50
India 60 50
Indonesia 50 35
Iran 90 75
Ireland 65 56
Israel 66 48
Italy 72 50
Jamaica 58 33
Japan 75 50
Korea (South) 89 50
Malaysia 60 45
Mauritius 50 35
Mexico 55 35
Netherlands 72 60
New Zealand 60 33
Norway 75 54
Pakistan 55 45
Philippines 70 35
Portugal 84 40
Puerto Rico 79 43
Singapore 55 33
Spain 66 56
Sweden 87 65
Thailand 60 55
Trinidad and Tobago 70 35
Turkey 75 50
United Kingdom 83 40
United States 70 33

SOURCE: Price Waterhouse; International Bureau of Fiscal Documentation.
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Old 09-19-08, 10:27 AM
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Most of those are still pretty dang high.
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Old 09-19-08, 10:34 AM
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Germany (West). Good to know we are talking about the here and now.
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Old 09-19-08, 10:49 AM
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We're gonna party like it's 1990...
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Old 09-19-08, 11:27 AM
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Originally Posted by kvrdave View Post
Most of those are still pretty dang high.
Folks like you believe any tax is too high.
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Old 09-19-08, 11:44 AM
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Originally Posted by classicman2 View Post
Folks like you believe any tax is too high.
Hmmm, let's see... does this comment fall under generalization, speculation or perhaps both?
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Old 09-19-08, 12:17 PM
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Originally Posted by classicman2
Folks like you believe any tax is too high.
I have no problem with the MLB luxury tax. In fact, I think it is too low.
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Old 09-19-08, 12:42 PM
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Originally Posted by Red Dog View Post
Germany (West). Good to know we are talking about the here and now.
Well in all fairness, I suspect East Germany's tax rate fell as well after the fall of Communism there.
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Old 09-19-08, 01:26 PM
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But it did make the tax laws a bit more complex than:


"What did you make last year __________ ?

OK. Send it in."
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Old 09-19-08, 02:01 PM
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Originally Posted by grundle View Post
All of these counties, including Sweden, Denmark, Norway, Finland, and France, and all of the other countries listed here, cut their top marginal tax rates.
Yes, it's terrific, but what have they done for the rich LATELY? (like the last 18 years)
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Old 09-19-08, 02:01 PM
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18 years ago?! interesting that almost every country slashed the rates they were taxing their richest during that time period. the cut in britain and the us looks pretty drastic.
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Old 09-19-08, 02:08 PM
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I hope Denmark provide some lube. For every 3 euros you make, send 2 to the gov't!
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Old 09-19-08, 02:52 PM
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Originally Posted by Burnt Thru View Post
18 years ago?! interesting that almost every country slashed the rates they were taxing their richest during that time period. the cut in britain and the us looks pretty drastic.

Yeah, but you are going from Carter to Reagan. So you had rate go down a lot, but you also had loopholes closed. The obvious thing this doesn't show is actual percentage of income paid in taxes. Probably every one that dropped the rate, also changed the rules in some way, so it is a fairly meaningless comparison.
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Old 09-19-08, 03:16 PM
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that's true, though as a raw statistic it's pretty astonishing. especially when you factor in the disparity which now exists between capital gains and the higher rate of income tax, leading to so many "incorporated" individuals. i don't think that was such an issue at the time of carter?
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Old 09-19-08, 03:28 PM
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The "joke" about the Carter tax rate is that, while the top rate was incredibly high, there wasn't anyone paying it. There were massive loopholes.

There are lots still, but it like comparing fetishes of the Amish to that of the Romans. We may be on the same subject, but we're not in the same reality.
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Old 09-19-08, 04:46 PM
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Where's the "I don't live in Sweden, Denmark, Norway, Finland, or France, so I really don't give a shit how other countries live their lives" option?
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Old 09-19-08, 04:49 PM
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Originally Posted by Jason View Post
Where's the "I don't live in Sweden, Denmark, Norway, Finland, or France, so I really don't give a shit how other countries live their lives" option?
First grundle poll?
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Old 09-24-08, 06:06 AM
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I'd rather they cut taxes for me.
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Old 09-24-08, 11:38 AM
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Originally Posted by grundle View Post
I think it's great that they did that.

What do you think?
I think it's great.

Hey, I just heard Britain got rid of the Corn Laws! What a great thing. Maybe I'll do a poll and see how people feel about that bit of breaking news.
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Old 09-24-08, 03:12 PM
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Sure, the rates have gone down, but with the increased econonic activity that lower taxation typically stimulates, I think you'll find that actual taxes paid have gone up, just like they did here in the US after the 2004 tax cuts.
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Old 09-24-08, 03:22 PM
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I love how the subject header makes it sound like this breaking news.
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