How Sweden became the Silicon Valley of Europe

Re:How Sweden became the Silicon Valley of Europe by ptr on Wednesday August 11, 2021 @04:05PM (#28147036)

It’s not as bad as you make it sound; top marginal rate is 55% and you pay 30% tax on a decent/higher-end salary. Yes there are costs for the employer, but that’s the case in other places too.

A ~P75 software engineer can accumulate 1 MUSD within 15-16 years given 7% growth and decent city center living. <10 years for someone really good. Still, it’s not the US, but at least it’s possible.

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Re:How Sweden became the Silicon Valley of Europe by jollybean on Thursday August 12, 2021 @07:24AM (#28154875)

"Yes there are costs for the employer, but that’s the case in other places too."

Yes payroll taxes are everywhere, but they are considerably higher in Sweden at ~30% in some brackets.

For average earners, France/Belgium are the highest, but for upper income earners, Sweden is the highest [1]

[1] https://taxfoundation.org/taxing-high-income-2019/

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