How much taxes do Americans think we Europeans pay? Those dutch parents are paying close to 60-70% taxes once you account also for VAT
The highest Dutch tax bracket is 50%, but that only applies to income over 75K EUR. Also, VAT doesn't apply to rent, and it's reduced for food. Housing and food are most household's largest expenses. So the 21% sales tax can be deceptive.
Taxation as a % of the Dutch GDP is 38%. That is to say, taxes take 38% of all the wealth produced in the Netherlands.
For some comparison purposes, the number in the USA is 27%, Japan 31%, Canada 33%, Germany 37%, Finland 42%.
The US does not have uniform tax rates. Taxation as a % of GDP in some of the higher-taxed US states comes in around 35% - quite close to the Dutch number.
It would appear that the typical middle class Dutch family probably pays about 30 - 50% of their income to taxation. The very wealthy might be coming up on 60% or so.
Oof. In a modern society, with modern technology, why does the government demand ownership of 30-50% of the value that people generate? That's an enormous amount of free labor.
Edit to cover your edit: it's certainly not free labour, I happily pay my taxes because I believe I'm getting quiet something in return.
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