Word: kronor
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Dates: during 1970-1979
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Under the Swedish system, workers with average incomes get the most value from their tax kronor. A typical example is Paul Lundmark, who is married and the father of three children, ages 4 to 10. He lives in Orebro, a city of 275,000. Lundmark earns an average blue-collar salary of $6,500 a year by working in a paper mill. He pays more than one-third of this, $2,300, in direct local and national income taxes...