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Cake day: July 1st, 2025

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  • j_z@feddit.nutoData is Beautiful@lemmy.worldTax em baby
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    1 day ago

    Basically the same in Sweden. I think the reason %-turnout is a bit higher here is because of some very beneficial tax structures on existing wealth for private individuals. Capital gains is normally taxed at 30% of the earnings but you can opt to place (parts of) your portfolio in special accounts (”Investeringssparkonto” and ”Kapitalförsäkring” for example) where the tax is below 1% of that entire account’s value. Makes it possible to get much more out of certain investments.

    One argument might then be that if you have enough capital to invest from the beginning, you’ll be at an advantage compared to those that don’t. And wealth gaps might become larger as a result