Friday, February 8, 2008

Swedes Hit With Massive Tax Bill

Swedes handed over a whopping 577 billion kronor of their income in taxes in 2007. No wonder the Finance Minister is smiling. In all, Swedes handed over 577 billion kronor ($88 billion) of their 2007 income to the guardian of the state funds. This represented an increase of 5.4 percent on figures for 2006. Most of the total was made up of local government income tax contributions.

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