Taxes Around the World

I am featuring today an interactive chart which shows tax rates on personal income taxes around the world. If you click on a country, it will also tell you whether they have universal health care, and paid maternity leave.

From living in Sweden for a large part of the year in 2012, I will tell you that this chart does not tell it all. In Sweden there are numerous benefits for families with children. Including 480 days paid per child after they are born, which can be taken by either parent or both divided. Sounds good but everyone pays. The universal health care is complained about and many that are employed by companies that provide it, purchase private healthcare insurance, plus have to pay for universal care in their taxes. A 25% value added tax is put in the cost of everything except food. But, food is not cheap. How about $25 for a measurement close to a quart, for strawberries at the beginning of the season when demand is high for their holidays? An article I read from a Swede bank reported that with hidden taxes, including the employers share, the rate is 70%.

A Global Look at Personal Income Taxes - Interactive Infographic by TurboTax

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Top 5 Posts of 2012

Here it is already, New Year’s Eve day, the last day of 2012. I just checked my stats to find out what the top posts of 2012 were. I was a little surprised, I found out that a post on Linköping, Sweden for a contest was one of the most popular posts I wrote. Here are the top 5. Continue reading