Sweden has comparatively high payroll tax rates at 31.4 per cent.
In Sweden, spending increases must be offset by equivalent spending cuts to meet fiscal targets.
The top tax rate in Sweden applies to income starting at roughly US$62,000 compared to between US$535,000 and US$1 million in the United States.
The Trudeau government ranks last on average total household income growth.
In Canada, 36.1 per cent of people in the top decile in 2017 were not in the top decile five years earlier.
A policy issue that permeated political debates around the world in 2012 was the idea of raising taxes on high-income earners. In the U.S., it stood front and centre in President Obamas re-election. Several governments in Europe went beyond debate and introduced higher tax rates. Here at home, higher taxes on upper-income earners have been proposed at the federal and many provincial levels; Ontarios government recently instituted a new tax on those earning more than $500,000.