Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KyrosL who wrote (29875)	2/25/2008 9:10:06 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 218047

The basic Danish tax rate (bundskat) is 5.5 per cent. If the taxpayer's income is below DKK 254,000 ($50,527) the taxpayer pays only basic tax. The medium tax rate (mellemskat) is 6 per cent. The tax is calculated only on the part of the income that exceeds the basic allowance of DKK 254,000 ($50,527). The higher tax rate (topskat) is 15 per cent calculated only on the part of the income that exceeds the basic allowance of DKK 304,800 ($60,655). Danes also pay county and municipal income tax which average 32.6%, far higher than their national maximum tax rate. The actual rate varies by location. These local taxes combined with the national income tax results in a 47.6% maximum income tax rate. Compare this to living in California with a 35% maximum Federal Income Tax and a 9.3% maximum state Income Tax for a total of 44.3% maximum income tax rate. California has a Sales Tax instead of a VAT tax. California's Minimum Wage is $8.00 per hour, compared with $23 per hour in Norway. It's very tough to make a compelling case that employees in Norway are disadvantaged. All investment income in Norway (both short and long term) is taxed at a universal rate of 28% which is lower than the 35% maximum Federal rate in the United States, for a total 44.3% maximum tax rate using California as an example. Shabby propaganda outfits like the Heritage Foundation don't provide an accurate picture of of the actual facts. .