Swedes, on average, think that they only pay 40% of their income in taxes, when the actual figure is 63%. The median (middle) Swede thinks that they only pay 35%. So half the country thinks that the actual tax burden is almost half what it actually is.
Fiscal Illusion
I wonder what percentage of Americans could correctly identify the average overall tax rates that they are paying.
One of the selling points of Herman Cain's 9-9-9 tax plan is that it moves much of the tax burden into public view by eliminating hidden taxes (like payroll tax) and replacing them with direct taxes such as sales and income.
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