Dutch pay more when all counted

Regarding the letter, “Taxes must be spent more wisely”:

The tax revenue distribution for the Netherlands, courtesy of the official 2014 revenue statistics, is:

Payroll taxes: 0 percent

Property taxes: 3 percent

Corporate taxes: 5 percent

Other/miscellaneous taxes: 12 percent

VAT: 18 percent (basically a 21 percent sales tax, with some exceptions)

Income taxes: 20 percent

Social Security: 41 percent

So, yes, property taxes are lower in the Netherlands, as are corporate taxes. The income tax rate starts at 36 percent of income up to about $20,000 with marginal rate increases up to 52 percent at about $ 72,000.

Joe Beavers

Gold Bar