Current European Tax Rates (E-mail)

Email ^ | 1-1-11 | Unknown

[wac3rd]

Current European Tax Rates

United Kingdom Income Tax: 50% VAT: 17.5% TOTAL: 67.5%

France Income Tax: 40% VAT: 19.6% TOTAL: 59.6%

Greece Income Tax: 40% VAT: 25% TOTAL: 65%

Spain Income Tax: 45% VAT: 16% TOTAL: 61%

Portugal Income Tax: 42% VAT: 20% TOTAL: 62%

Sweden Income Tax: 55% VAT: 25% TOTAL: 80%

Norway Income Tax: 54.3% VAT: 25% TOTAL: 79.3%

Netherlands Income Tax: 52% VAT: 19% TOTAL: 71%

Denmark Income Tax: 58% VAT: 25% TOTAL: 83%

Finland Income Tax: 53% VAT: 22% TOTAL: 75%

If you've started to wonder what the real costs of Socialism are going to be once the full program in the United States hits your wallet, take a look at the table. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out. If you're following the financial news, you know Spain and Portugal are right behind Greece.

The United States is now heading right down the same path. The VAT tax in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the administration proposing after the fall elections. The initial percentage in the United States isn't going to be anywhere near the outrageous numbers you now see in Europe. Guess what. the current outrageous numbers in Europe didn't start out as outrageous either. They started out as minuscule - right around the 1% or 2% where they will start out in the United States . Magically, however, they ran up over the years to where they are now. Expect the same thing here.

It is the very notion that with hard work and perseverance, anybody can get ahead economically here in the USA. Do you think that can ever happen with tax rates between 60% and 80%? Think again. With the government taking that percentage of your money, your life will be exactly like life in Europe. You will never be able to buy a home. You will never buy a car. You will never send your children to college. Let's not shuffle the battle cry of the Socialists under the rug either. It's always the same cry. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy.

It's time to take a really hard look at reality. Greece is a perfect example. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money from the EU, and still...20% of their population lives in poverty. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are "free"? They're not. They are slaves to their economic "system."

Suggestion...

Instead of spreading the wealth around, spread this information around. It might wake some people up!

[wac3rd]

Socialism always fails, no matter where it is tried.

[hope]

Yup, and they are all broke.

[familyop]

Oh, no! It’s not a VAT tax. It’s a “FAIR” tax! [Little irony and sarcasm there.] No new taxes, I say—especially no new national sales taxes.

The answer is to radically cut spending on every level of government (including local). New tax schemes—especially those against poor earners—will only bring in communism in less than two shakes. Beware the European “austerity” plans with crazy new taxes in them. Great danger lies that way. Many Americans who are starting to look weak in some ways (e.g., living in the field) are becoming far tougher and more ingenuous than they are often judged to be.

[cinciella]

Do you have the numbers for Germany?

[EyeGuy]

In before the Euro Freepers tell us how socialism works beautifully in the Scandanavian paradises.

[moose07]

Country	Corporate tax	Maximum Income tax rate	Standard VAT rate
Albania[2]	10%	10%	20%
Austria	25%	50%	20% [3]
Belarus	24%	15%	20%[2]
Belgium	33.99%	50%	21%[3]
Bosnia and Herzegovina[4]	10%	5% Federal + 0%-15% per location	17%
Bulgaria[5]	10%	10% / 15% for self employed individuals	20%[3]
Croatia	20%	40%	25%[6]
Cyprus	10%	30%	15%[3]
Czech Republic	21%	15%	20%[3]
Denmark	25%	51.5%[7] At US$75,000 (child allowances and other credits available) additional 15% tax, total = 34.67%, not 51%	25%[3]
Estonia	21%	21%	20%[3]
Finland	26%	53%	23%[3][8]
France	33.33%	41%	19.6%[3]
Germany	15.825 % (federal) plus 14.35 % to 17.5 % (local)	45%	19%[3]
Georgia	20%	12%	18%
Greece	25%	45%	23%[3]
Hungary	10%	16% (20.32%, as the 27% social security paid by the employer counts as income as well) [9]	27%[3][10][11]
Iceland	18%[12]	46.28%[12]	25.5%[12]
Ireland	12.50%	55% (41% Pay As You Earn (PAYE) Tax, 4% Pay-Related Social Insurance (PRSI) and 10% Universal Social Charge (USC))	23%[13]
Italy	31.4%	45%	21%[3]
Latvia	15%	23%	22%
Lithuania	15% (5% for small companies)	21%[3][14]	21%
Luxembourg	28.59%	38.95%	15%[3]
Macedonia[15]	10%	10%	18%
Malta	35%	35%	18%[3]
Montenegro	9%[16]	9%[16]	17%[16]
Netherlands	25%	52% [17]	19%[3]
Norway[18][19]	28%	54.3%	25%
Poland	19%	32%	23%[3]
Portugal	12.5%-27.5% (Mean tax rate: 15%)	46.5%	23%
Romania	16%	16%	24%[3][20]
Russia	20%	13%	18%
Serbia	10%	14%	18%
Slovakia	19%	19% (additional contributions at 4% Health Care by Employee + 10% Health Care by Employer, 9.4% Social Security by Employee + 19.4% Social Security by Employer)	20%[3] (10% reduced rate)
Slovenia [21]	20%	41%	20%[3]
Spain	30% (28% Basque Country & Navarra, 4% ZEC companies in Canary Islands)	45%	18%[3]
Sweden	26.3%	56.6%	25%[3]
Switzerland	25%	45.5%	8% [22]
Turkey	20%	40%	18%
Ukraine	23%, from 1.01.2012 - 21%, from 1.01.2013 - 19%, from 1.01.2014 - 16%	17%	20%
United Kingdom	20% for small annual profits under £300000 and 25% for annual profits over £300000 (further annual decreases planned)[23]	20% on annual incomes up to £35000, 40% on annual incomes between £35000-£150000 and 50% on annual incomes above £150000 plus national insurance contributions at various rates between 2% and 13.8% [24]	20% ( reduced rate of 5% for home energy and renovations, 0% for life necessities - groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, books and periodicals) [3]

If it works,from wiki.