View Full Version : This article says Sweden in the 1970's had a income tax rate above 100% which was a 102% m

08-30-2011, 04:56 PM
This article says Sweden in the 1970's had a income tax rate above 100% which was a 102% marginal tax rate my question is could a tax rate this high make the incomes equal and take all the wealth that the millionaires and billionaires have also I don't understand I have had people tell me tax rates on income can't go above 100% o Tax Rtes that go above 100% also tax Savings or what else does it tax does anyone know or have any links thanks ?

Pomperipossa in Monismania
From Wikipedia, the free encyclopedia
"Pomperipossa in Monismania" (also called Pomperipossa in the World Of Money) is a satirical story written by the Swedish children's book author Astrid Lindgren in response to the 102% marginal tax rate she incurred in 1976. It was published starting on 3 March 1976 in the Stockholm evening tabloid Expressen and created a major debate about the Swedish tax system.

The marginal tax rate above 100% which was dubbed the 'Pomperipossa effect' was due to tax legislation which required self employed individuals to pay both regular income tax and employer's fees.

The story, a satirical allegory about a writer of children's books in a distant country, led to a stormy tax debate and is often attributed as a decisive factor in the defeat of the Swedish Social Democratic Party - for the first time in 40 years in the elections later the same year.


08-30-2011, 04:56 PM
Thank you very much for your answers.

08-30-2011, 04:58 PM
anything over 100% is a savings tax

08-30-2011, 05:10 PM
I think you were banned previously.