In Sweden, the exact tax varies with municipality and changes (read: increases) each year, but here are the are approximate levels:
Annual income
Up to $25 000: 30% tax
$25 000 - 40 000 : 50% tax
above $40 000 : 55% tax
In addition, your employer pays the following (calculated on the income):
1. Health insurance 11.08%
2. Occupational injury insurance 0.68%
3. Pension plan 10.21%
4. Survivor's pension plan 1.70%
5. Parental benefit 2.20%
6. Jobmarket fee 3.70% (More tax)
7. General wage fee 3.25% (Even more tax)
{Edited to correct the figures. Too many zeros on the income first time.}
[This message has been edited by C-H (edited 09-07-2003).]
