Steve27679

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  • in reply to: Worker’s rights and Americans #15850

    Steve27679
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    I found your follow-up response very interesting. A year ago, as a part of my job, I commissioned a European Tax law firm to analyze individual employee tax situations in several European countries including Finland. The results I received were that Finnish employees had the following income taxes withheld from their paychecks. 1. Country income taxes are progressive but for middle incomes around $50,000 US or about 200,000 Markka the tax rate is 32%. 2. Income taxes to cities or town are flat and between 15% to 20%. 3. Church tax is 1 to 2% if you are Lutheran or Orthodox. 4. Mandatory pension, Health, and unemployment taxes are 7.9% total. So the total of these is over 60%. This of course excludes capital gains, inheritance, and all property and sales taxes. Did I pay a lot of money to a tax law firm for nothing? To compare, in the US for the same level income and life style person in Texas where I live the total would be around 31% with normal deductions.

    User Detail :  

    Name : Steve27679, Gender : M, Race : White/Caucasian, Age : 45, City : Houston, State : TX, Country : United States, Occupation : Corporate Slug, Education level : Over 4 Years of College, Social class : Upper class, 
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