America is more fiscally progressive than Europe

Discussion in 'Politics' started by Euroconservativ, Nov 30, 2012.

  1. Euroconservativ
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    European Union tax structure (as % of total taxation):

    Taxes on labour: 47.3%
    Taxes on consumption: 34.4%
    Taxes on capital: 18.4%

    Source: Eurostat

    Unlike sales tax, the VAT is collected at every stage of production and distribution process. No EU member state is allowed to cut the VAT standard rate below 15%.

    Taxes on labour are paid by employees and employers, including compulsory social contributions and on non-employed labour income.

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    Share of total taxes (national and local) paid by the wealthiest 10%:

    United States: 45%
    Italy: 42%
    United Kingdom: 39%

    Canada: 36%
    Germany: 31%
    France: 28% (before Hollande tax hike)

    Sweden (VAT 25%): 27%
    Denmark (VAT 25%): 26%

    Switzerland: 21%

    Share of total income earned by the wealthiest 10%:

    Italy: 36%
    United States: 34%
    United Kingdom: 32%
    Germany: 29%
    Canada: 29%
    Sweden: 27%
    France: 26%
    Denmark: 26%
    Switzerland: 24%

    Source: OECD


    Because of the VAT and other indirect taxes, 100% of citizens in Europe pay taxes to the central government.


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    Conclusion: The low and middle class in Europe pay the Welfare State. Not the rich, not big corporations. There are not enough ultra-rich people in the world to fund "free" education and health care for 500 million people.
     
    Last edited: Nov 30, 2012
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