Swedish taxes

Plenty of taxes go back into Swedes' pockets

Published måndag 24 december 2012 kl 17.37
Plenty of tax money goes back into Swedes' pockets. Photo: Jessica Gow/Scanpix
Photo: Jessica Gow/Scanpix

The highest proportion of all taxes paid by Swedes goes toward the pension system, according to a study by economists at the bank Swedbank cited by Swedish Radio.

After pensions come health and elderly care, followed by schools. So aside from the pension system, Swedes pay most of their taxes to the hotly debated welfare sector.

According to the study, Swedes pay around 1,500 billion SEK in taxes per year, while Sweden's state has a debt of around 1,000 billion SEK.

Income taxes make up 40 percent of the tax revenue in Sweden.