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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (29872)	2/25/2008 6:28:18 AM
From: Elroy Jetson	Read Replies (4) \| Respond to of 217707

The 19% maximum income tax rate in Norway for personal income tax is substantially below the top income tax rates in the United States (33%) or New Zealand (39%). When you compare studies of "all in" tax rates including VAT and local taxes, the tax rate in Norway is comparable to the U.S., New Zealand and other industrialized nations. Norway simply has massive oil and gas royalties which pile into an investment trust which will provide Norwegians with their preferred lifestyle for many generations. This comparative prosperity has not gone unnoticed in the mirror image of Norway, Sweden. Sweden has higher tax rates, yet they have wages which are typical of Europe - which is to say impoverished when compared to Norwegians. Yet surveys have shown the Danes, comparable to Sweden economically, are the happiest of any nation on Earth. An in depth analysis of this fact reveals it is due to the citizens of Denmark having low expectations. They know they're not as wealthy as Norwegians, but they're "doing pretty good." .