Yikes!! August 8 Is Tax Freedom Day In Sweden

Last Saturday (August 8), Sweden “celebrated” its Tax Freedom Day, the day in the year that the average citizen finishes paying all taxes to the government, and can keep their salary for the remainder of the year, according to Swedish blogger Hus Langford, who writes:

Sweden’s total tax burden for a single worker: 48.6%. The US is 30%, and the UK 29.7%. (Belgium is over 55%. Whoa.) On top of that is VAT, which at 25%, is the highest in the world, adding a quarter to the cost of any good or service.

MP: For the U.S., Tax Freedom Day this year was April 13, compared to April 21 last year and April 27 in 2007. The worst Tax Freedom Day for the U.S. was May 3, 2000. In the early 1900s, Tax Freedom Day was as early as January 19, 1910, and was in mid-February in 1920 and 1930 (historical data here).

HT: Adam Smith Institute

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