The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Cain 9-9-9||Date: 10/16/2011 3:37 PM|
|Author: fleg9bo||Number: 114174 of 119696|
9% sales tax (I don't see anything about exemptions)
There will always be exemptions. I got this info from several wiki articles.
In France the VAT is 19.6% in general and 5.5% on food.
The VAT in Sweden is 25% on most stuff but a mere 12% on food.
French income tax (in 2009) takes 30% of taxable income over €26,000 and 40% over €70,000.
Not high enough for you? How about Sweden, where typical income tax is 48% subject to a few credits where applicable. Paying just about half of your earnings right off the top and then 25% of what you spend may seem like a lot, but at least health care is "free."
|Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|