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You do realize that VAT does not work like a sales tax. The VAT in Sweden is 25% but as the end user you only pay 8%-12% depending on the product. That's because the 25% is the tax on the original manufacturing cost of the product not the marked up retail price. So people in Sweden pay the same "sales tax" as Washington State.Oh yeah, the Swedes, the Finns and the Norwegians have it great!
World tax rates: <broken link removed> <--- LINK
Norwegian tax rates:
The Finns pay:
And last but not least, the Swedes:
I didn't post Denmark, but they're right there with the rest of the Scandinavians.
Keep in mind that a VAT, Value Added Tax is nothing more than a national sales tax.
So on money that you earn and spend on VAT items, you are taxed at (roughly) a rate of:
Norway = 65%
Finland = 74%
Sweden = 82.77%
Oh yeah, that's just great MikeE. A MUCH higher AVERAGE tax than the richest American currently pays.
I don't think you can sell that pile-o-$h17 'round here, but your efforts certainly prove what's wrong with your socialist approach!
Like I said. It's time to put down the shovel.
WRONG, WRONG, WRONG!!!!!!!!!!!!!!!!!!!
This statement is wrong, if the VAT Tax is 25% then you pay 25% more whether it is the way of a tax or price increase!!!!!!!!!!!!!
Generally speaking you wind up paying about 27% on a 25% VAT tax beause the company that you are paying has to administer (calculate the increase and work involved the increase) so they pass that on to thier customers. No company out there eats the costs of taxes they pass it on to their customers.
Yes Europe is a mess because of the social programs and crazy taxes they impose oneverything and everybody.