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Mar. 21st, 2019 09:39 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
kodak2004Минутка статистики.
Consider how taxation works in the Nordic countries that many American socialists describe as their models. Yes, taxes are high on the rich. But as the Tax Foundation noted during Sanders' last presidential campaign, they are also high on the middle class. The 70 percent top marginal tax rate floated by Ocasio-Cortez would apply to income earned over $10 million, affecting only about 16,000 Americans each year. In countries like Denmark, Sweden, and Finland, marginal tax rates of near 60 percent hit earners deep into the middle class. Denmark's 60 percent marginal rate applies to income over 1.2 times the national average, which in the U.S. would hit earners making just $60,000 a year—not exactly millionaires and billionaires. These countries also typically rely on value-added taxes that are inherently regressive, placing a bigger burden on the poor and middle class than on the rich.
The Rise of the Low-Tax Socialists
Consider how taxation works in the Nordic countries that many American socialists describe as their models. Yes, taxes are high on the rich. But as the Tax Foundation noted during Sanders' last presidential campaign, they are also high on the middle class. The 70 percent top marginal tax rate floated by Ocasio-Cortez would apply to income earned over $10 million, affecting only about 16,000 Americans each year. In countries like Denmark, Sweden, and Finland, marginal tax rates of near 60 percent hit earners deep into the middle class. Denmark's 60 percent marginal rate applies to income over 1.2 times the national average, which in the U.S. would hit earners making just $60,000 a year—not exactly millionaires and billionaires. These countries also typically rely on value-added taxes that are inherently regressive, placing a bigger burden on the poor and middle class than on the rich.
The Rise of the Low-Tax Socialists
