Is the question, 'How most quickly to get the federal deficit to 20 Trillion?'
Here, mull this over:
United States
>
Health expenditure per capita: $8,713
> Expenditure as a pct. of GDP: 16.4%
> Obesity rate: 35.3%
> Life expectancy: 78.8
VERSUS
Sweden
>
Health expenditure per capita: $4,904
> Expenditure as a pct. of GDP: 11.0%
> Obesity rate: 11.7%
> Life expectancy: 82.0
Countries spending the most on health care
Comparing a country with a smaller population than New York City with a population of 330 MILLION is just foolish.
Yes, the obesity rate is hugely different. Has nothing whatsoever to do with healthcare and everything to do with diet. Our diet is terrible and widely diverse. We also get a little exercise. Swedes eat a great deal of seafood. Much of their transportation is on cross country skis and snowshoes.
As for Life Expectancy, the life expectancy in Minnesota is 81.1 and 81.2 for whites only. As you know, much of the population of Minnesota is of Scandinavian descent. Until the recent refugee problem, Sweden is virtually 100 white. Life expectancy for Sweden: Life expectancy at birth: 81.18 years, Wow, go figure.
Demographics of Sweden - Wikipedia
Talk:Demographics of Sweden - Wikipedia
Demographics of Minnesota - Wikipedia
Nice try.
Now their taxes:
Sweden[edit]
See also:
Taxation in Sweden
In 2010, the Swedish social security contribution paid by the employer is 31.42 percent, calculated on top of the employee's salary. The percentage is lower for young and old employees.
[11] The other type of Swedish payroll tax is the income tax withheld (PAYE), which consists of municipal, county, and, for higher income brackets, state tax. In most municipalities, the income tax comes to approximately 30 percent, with the two higher income brackets paying a total of 50 or 55 percent respectively. The combination of the two types is a total tax effect of 47 to 66 percent.
Example of salary taxation through PAYE[edit]
Assumptions: income tax (direct, 32%), employer social fee (indirect, 31.42%)
For a pay of
100, the employee first pays
32 in income tax (direct, 32%); on top of that, the employer pays an additional
31.42 in employer's social fees (indirect, 31.42%).
Thus, based on a pay check of
100, 63.42/131.42 (i.e., 48.3%) is paid as taxes, although the employer's contribution is a fee for the employee's adherence to the Swedish social security scheme. The effective rate may be lowered by, for example, earned income tax credits and private retirement savings contributions.
In addition, the employee pays 7 percent in pension contributions to the public system, with a cap at an annual income of 420,447 kr. Thus, the maximum employee contribution is 29,400 kr. The employee's contributions are fully tax-deductible.
Value added tax[edit]
The
value added tax (
mervärdesskatt or
moms) rate in Sweden is 25%, with exceptions for food and services like hotel room rental fees (12%), and for sales of
publications,
admission tickets to cultural events and travel within Sweden (6%).
[3]
[$1.00 = $0.12 Krona (kr)]
Income tax[edit]
Sweden has a
progressive income tax, the rates for 2017 are as follows:
- 0% from 0 kr to 18,800 kr
- Circa 31% (ca. 7% county and 24% municipality tax): from 18,800 kr to 438,900 kr
- 31% + 20%: from 438,901 kr to 638,500 kr
- 31% + 25%: above 638,500 kr[4]
Capital Gains[edit]
Sweden has a flat tax rate of 30% for capital gains.
[5]
Corporation tax[edit]
Sweden's corporation tax rate is 22%.
[6]