3. Taxing the Wealthy Cannot Finance Socialism

Taxing the Wealthy Cannot Finance Socialism

You can criticize my comment but the information is not "completely wrong." Please note that I wrote "as well as everyone else."

Our middle income federal bracket is 22%, versus 37% for the highest bracket. The highest bracket is 68% higher in America.

The middle-income marginal rate in Denmark is 38.9%, versus 56.5% for the highest bracket. The highest bracket is 45% higher in Denmark.

Denmark's middle bracket is 77% higher than America's 22% bracket (the next higher one in America is 24%). Denmark's top bracket is 52.7% higher.

https://home.kpmg/xx/en/home/insights/2011/12/Denmark-income-tax.html

Denmark's middle bracket is literally higher than our highest federal bracket.

Sweden's is a bit different because of a much higher "municipal" tax rate, but the differences between the middle bracket(s) and the top are still not as great as America's.

https://home.kpmg/xx/en/home/insights/2011/12/sweden-income-tax.html

/r/Economics Thread Parent Link - nationalreview.com
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