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Sweden has...
  • No property tax

    Property tax was abolished in 2008 by a center-right government. It was replaced with a low nominal fee of maximum $800 per year.
  • No wealth tax

    The wealth tax was abolished in 2007 by the center-right government. Before that, swedes had to pay 1.5 per cent tax on wealth over 1.5 million SEK (roughly $160 000).
  • No inheritance tax

    The inheritance tax was abolished 2005 by a center-left government, with retroactive effect back to December 17, 2004.
  • No gift tax

    The closely related gift tax, was a state tax on gifts between private persons, was also abolished in 2005 with retroactive effect back to December 17, 2004.
  • No financial transaction tax

    From 1984, Sweden had a similar tax to the financial transaction tax (today called the ”Tobin tax”), but it was abolished in 1991.
  • No national minimum wage

    Although Bernie Sanders claims that Sweden got a higher minimum wage than USA, Sweden has no minimum wages Sweden does not have government-regulated salaries – they are negotiated between the unions and employer organizations through collective bargaining agreements.
  •  School choice for all 

    Since 1992, Sweden has free choice of school, and a free school market with a nationwide government financed voucher program for all. Families can choose any school, public or private: the taxpayer money follows the student, similar to the charter school system.
  • Partly privatised pension system

    The Swedish pension system was reformed and partly privatized in 1999: part of the social security contribution is paid into individual investment accounts and a funded pension is built up with private fund management companies responsible for the asset management.