Posted on 04/29/2013 3:22:37 PM PDT by Olog-hai
Danes and Swedes are the highest taxed people in Europe, according to research published on Monday (29 April).
Denmark and Sweden claim tax revenues accounting for 47.7 percent of economic output and 44.5 percent respectively. The two countries also have the highest top rates of income tax at 55.6 and 56.5 percent respectively.
Meanwhile, citizens in Lithuania, Bulgaria and Latvia are the least taxed, with governments taking between 26 percent and 28 percent.
Tax rates have risen across the board, particularly among the four EU bailout countries (Greece, Ireland, Portugal and Cyprus), as cash-strapped governments bid to balance budgets against a backdrop of stagnant economic output and recession. A hike in VAT has been the most popular, with 17 member states increasing the levy, which hits food, energy and utility bills, since 2008. …
(Excerpt) Read more at euobserver.com ...
And then they move to MN and become state senators.
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