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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (63877)	6/30/1999 10:09:00 PM
From: fyo	Respond to of 1583508

Jim - Re: Do you have an income tax and what items are exempt from your sales tax, if any? Heheh. That would actually be funny if it wasn't so serious. Denmark has a HUGE income tax. There have been some changes recently, so I don't know what the current situation is, but a few years back the income tax peaked at 68%. I really don't know the details, though. Sorry. With regards to sales tax: AFAIK no items are except from this. However, we do (of course) have extra taxes and levies on a wide variety of goods. This includes the standard gasoline, alcohol, tobacco etc. taxes (although all are considerably higher in Denmark than in the US), as well as some rather strange ones covering chocolate, sugar, coffee and other 'colonial' goods (although most of these were actually introduced right around WW2). Our tax on cars does deserve special mention. Can you say 180%? However, it is not possible to directly compare the tax systems. In Denmark we have socialized health care, free education (including university education) etc. In fact, all students in Denmark receive a small stipend. Not much, certainly, but just enough to live on (since student housing is (surprise) government subsidized). All in all, this is a huge redistribution of wealth. Some parts I consider to be good, some a necessary evil and some (quite a few, actually) just plain evil. --fyodor