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Economics Discuss Welfare State/ Budget Surplus! at the Political Forums; Yep Sweden has a budget surplus! New government forecasts point to even bigger budget surpluses Finance minister says funds needed ...

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Old 06-28-2017, 09:25 PM
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Default Welfare State/ Budget Surplus!

Yep Sweden has a budget surplus!



New government forecasts point to even bigger budget surpluses
Finance minister says funds needed to preserve future welfare
Scandinaviaís biggest economy has so much money itís now looking to take care of the next generation.

The Swedish government published new estimates for the economy on Wednesday that project much larger budget surpluses than it had forecast only a few weeks ago. The Finance Ministry cited "higher revenues, mainly from capital and value added tax, and lower expenditure" as the reasons behind an additional 85 billion kronor ($10 billion) in projected net lending available over the 2017-2020 period.

"Our tight fiscal policy has put us in a new economic position," Andersson said in Stockholm. "We will use this strong position to employ health and social care professionals, preschool staff, teachers and police officers."

https://www.bloomberg.com/news/artic...ad-of-showdown

Good for them
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Damn shame it couldn't have been a father / son event. IMHO.
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Old 06-28-2017, 10:15 PM
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Default Re: Welfare State/ Budget Surplus!

For the average Swede the tax burden is 48.2% and can go as high as 60%. I doubt that anyone in this country, (since we are not brainwashed into thinking socialism is a good thing,) would stand for it.
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Old 06-28-2017, 10:48 PM
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Default Re: Welfare State/ Budget Surplus!

Sweden has huge investments right here in America. They are in the top 2 or 3 in investments from out side of our borders.

And yes the tax burden is very high. Socialism is what it is. And we aren't.

Regards, Kirk
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Old 06-28-2017, 11:03 PM
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Default Re: Welfare State/ Budget Surplus!

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Originally Posted by MrLiberty View Post
For the average Swede the tax burden is 48.2% and can go as high as 60%. I doubt that anyone in this country, (since we are not brainwashed into thinking socialism is a good thing,) would stand for it.
UP to 18,800 kr the rate is 0 :

Sweden has a progressive income tax, the rates for 2017 are as follows:

https://en.wikipedia.org/wiki/Taxation_in_Sweden

Swedes support the second-highest tax burden in the world - after Denmark's - with an average of 48.2 per cent of GDP going to taxes. Yet Sweden, along with equally high-taxing Denmark and Norway, tops almost every international barometer of successful societies.

Swedes' personal income tax can be as little as 29 per cent of their pay, but most people (anyone earning over £32,000) will pay between 49 and 60 per cent through a combination of local government and state income tax.

But for most Swedes paying high taxes is a benefit, not a problem. 'I am very happy to pay high taxes because I know I am getting value for the money later on,' says Valentina Valestany, a 39-year-old legal adviser. She is especially pleased with the school her daughters Westa, 15, and Anastasia, 13, attend. 'Lunches are free, it was no problem getting in. My daughters receive a very good education and they have great teachers.'


https://www.theguardian.com/money/20...burden-welfare
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Originally Posted by TiredRetired View Post
Damn shame it couldn't have been a father / son event. IMHO.
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Old 06-28-2017, 11:30 PM
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Default Re: Welfare State/ Budget Surplus!

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Originally Posted by winston53660 View Post
UP to 18,800 kr the rate is 0 :

Sweden has a progressive income tax, the rates for 2017 are as follows:

https://en.wikipedia.org/wiki/Taxation_in_Sweden

Swedes support the second-highest tax burden in the world - after Denmark's - with an average of 48.2 per cent of GDP going to taxes. Yet Sweden, along with equally high-taxing Denmark and Norway, tops almost every international barometer of successful societies.

Swedes' personal income tax can be as little as 29 per cent of their pay, but most people (anyone earning over £32,000) will pay between 49 and 60 per cent through a combination of local government and state income tax.

But for most Swedes paying high taxes is a benefit, not a problem. 'I am very happy to pay high taxes because I know I am getting value for the money later on,' says Valentina Valestany, a 39-year-old legal adviser. She is especially pleased with the school her daughters Westa, 15, and Anastasia, 13, attend. 'Lunches are free, it was no problem getting in. My daughters receive a very good education and they have great teachers.'


https://www.theguardian.com/money/20...burden-welfare
Not surprising that they like the system they have since they were raised to believe in wealth redistribution and not a free republic like ours.
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