Why is taxation high in socialist countries

Being married with children also can make a difference. This article focuses on the taxes you could expect, depending on whether you are single or married. The top five are Germany Germany has a progressive tax , which means that higher-income individuals pay more taxes than lower-income individuals.

In some cases, only church members are required to pay a percentage of income to the church to which they belong; in others, all taxpayers pay a church tax, but have the option of paying it to the state instead of to a religious organization. Income from property, work, investments, and miscellaneous sources is all taxable. Capital gains tax rates depend on the type of capital.

Employees pay a social security tax of Taxable income includes employment, commercial activities, royalties, leasing assets, and "other. Employment income, bonuses, fringe benefits, business income, fees, pensions, annuities , social security benefits, dividends, interest, capital gains, and real estate rental income are all taxable. Tax deductions are available for limited contributions to approved Danish pensions, unemployment insurance, interest on the debt, charitable contributions, unreimbursed work travel, and double households.

Residents are taxed on their worldwide income, while non-residents will only have their Slovenia-sourced income taxed. Six types of income are subject to taxation: employment; business; agriculture and forestry; rent and royalties; dividends, interest, and capital gains; and "other. A withholding tax of Capital gains are initially taxed at a rate of This will be replaced with a progressive individual tax rate if they are taxed as part of an individual's employment income.

For families with two children, the countries with the highest average personal income taxes are different. Lithuania Alongside Lithuania and Denmark, Turkey Here is some information about taxation in Lithuania, in addition to the details in the taxes for single people section above.

Residents are taxed on their worldwide income, while non-residents are subject to a tax on their Lithuanian-sourced income and income from activities conducted through a fixed base in Lithuania. Residents pay taxes on worldwide income, and spouses must file separately. Capital gains on a home sale are normally tax-exempt. Most taxpayers get a personal allowance worth 46, kr. Individuals pay property taxes, and anyone other than a spouse who receives an inheritance pays an inheritance tax.

Finland taxes its income earners at progressive rates that top out at But Sen. Sanders is right to suggest European countries do have higher taxes and tend to have more generous social programs.

Sanders notes that many in the U. While Sanders and others claim the burden of new taxes needed to pay for such programs would fall mostly on the wealthy, the European model tends to burden middle-class taxpayers. In Italy, According to the European Union, income taxes follow a progressive model in Germany, here.

The income tax bands are as follows:. The part of the claim about Germany's VAT tax rate is therefore true. Given market fluctuations, it is not unreasonable to consider the part of the claim about gasoline prices in Germany to be true. To finance such a sweeping overhaul of our health care system, the federal government would need to drastically increase the tax revenue it collects. Current levels of tax collection are simply inadequate. Tax hikes would affect Americans across the socioeconomic spectrum, including those struggling to get by.

In reality, the tax revenue that would finance Medicare for All among other proposals comes out of your pocket and mine.