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> 55% personal income tax rate? That's not really correct. It is more like 36%. And also it is more complicated than that, as the more you earn the higher it g
by pvdoom 2y ago
> 55% personal income tax rate?
That's not really correct. It is more like 36%. And also it is more complicated than that, as the more you earn the higher it gets, but it's roughly around 36%. The 55% is for example for secondary incomes, etc. what we call a B-kord
- tossandthrow 2y agoYes, 55% is the top of the tax progression. People on B-kort still get their deductions (Just paid back after the fiscal year is done). You pay the 55% on: 1. salary earned on the top of the progressions hierarchy 2. When you work anonymously (Ie. you need a CPR number to get you deductions) At a salary of ~150k USD (DKK 1m) you would pay 40% in tax - not too far away from NY or SF.
- pvdoom 2y agoMy sister is in SF, and even though she nominally makes a little more than I do, I end up having much more disposable income, and can afford a lot more things, which is ... weird feeling