Facts and data aren’t nonsense.
With their taxes, the Nordic nations support a society with very little crime, complete financial security for the people, free health care, and — according to study after study — the happiest people in the world.
I am not sure what any of that has to do with what I posted; evidently some connection fired off in your brain, but it’s not clear what that is.
Obviously, the Nordics (well, the Danes don’t like to be called Nordic at all, and Norway is a case of its own because of all its sovereign wealth) are very nice places to live. I have relatives in Sweden and spend quite a bit of time over there.
So it’s not just what your (very incomplete) dollar figures evidently imply to you.
I didn’t post any “implications”. So, let’s review:
- 47% of the US pays no income taxes. That appears to have dropped down to 45%.
Romney's 47 percent? Now 45 percent
Mitt Romney's 47 percent is now 45.3 percent. The Tax Policy Center says that's now the number of households who don't…
- People at the lower end of the tax brackets pay a negative income tax rate. Table of effective rates from the Tax Policy Center shows that in 2013, the average income tax rate (second table down) in the lowest quintile was -7.2%; the rate in the second to lowest was -1.2%. So, at least 40% of Americans pay a negative rate; the other 5% between 40% and the 45% cited above is paying a zero or a negative fraction less than 1%.
Historical Average Federal Tax Rates for All Households
average federal tax rates for all households, by comprehensive household income quintile, 1979 to 2013.
- In Denmark, only 10% escape the taxman, and there are no negative rates. The Danes get a personal deduction of 41000 kronor; that a bit less than $6,000 US. Everyone else pays something. So, it appears my estimate that 10% of the Danes don’t pay taxes was wrong. If you have even a minimum wage job (minimum is $18 an hour in Denmark, which is not much considering the VAT taxes and cost of living) you pay income taxes. So, in Denmark, EVERYONE pays SOMETHING and that “something” for the poor is 37%. Not so in the US.
Personal Income Tax in Denmark | CFE portal
In Denmark is personal income tax progressive. Taxation is based on categories of income, for instance: investment…
- Thus, I stand by my statement that the US is substantially more generous with our poor than any other nation vis a vis the tax system. The Danish poor and middle income quite obviously pays a lot more than the same brackets do in the US.
Now, if you want to contend that Denmark is a happy place because the workers give the government most of their money and in return get cradle-to-grave services that allow them to live a relatively carefree and happy life, you may of course do so.
That’s an entirely different discussion that tax rates.