Excerpt:
Under a European-style tax system, single U.S. workers making $40,000 per year would see a $6,000 increase in income tax, a Heritage Foundation report published Sunday shows.
Single workers making $40,000 per year in Europe pay an average tax rate of 43.8%, leaving them with only $22,467 left in personal income after taxes, while single workers making the same amount in America pay an average tax rate of 28.5%, leaving them with $28,352 in personal income after taxes, according to the study published by the Washington, D.C.-based conservative think tank.
In Belgium and Germany, workers who make around $40,000 in income pay average tax rates of 50.6% and 50.2%, respectively, meaning they return more than half of every dollar earned to the government, the study notes.
If the U.S. implemented European-style entitlement programs like Medicare for All, free college, guaranteed jobs and paid
