According to an e-mail I just received;
United Kingdom
Income Tax: 50%
VAT: 17.5% TOTAL: 67.5%
France
Income Tax: 40%
VAT: 19.6% TOTAL: 59.6%
Greece
Income Tax: 40%
VAT: 25% TOTAL: 65%
Spain
Income Tax: 45%
VAT: 16% TOTAL: 61%
Portugal
Income Tax: 42%
VAT: 20% TOTAL: 62%
Sweden
Income Tax: 55%
VAT: 25% TOTAL: 80%
Norway
Income Tax: 54.3%
VAT: 25% TOTAL: 79.3%
Netherlands
Income Tax: 52%
VAT: 19% TOTAL: 71%
Denmark
Income Tax: 58%
VAT: 25% TOTAL: 83%
Finland
Income Tax: 53%
VAT: 22% TOTAL: 75%
And so if you're one of those that want to be more like Europe, keep this in mind. Also keep in mind that a couple of those countries have, or are on the verge of defaulting. Large social programs don't even work in small countries. Here in the US, disaster awaits.
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1 comment:
VAT is more then just additive because its added on everything at just about every step of the process. and keep in mind that none of the other countries listed have a military budget thats even close to ours in budget cost, either as a percent of budget or as percent of gdp, and all of them reside under the protective umbrella of the US Military.
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