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Originally Posted by Acepimp
That's because most conservatives are busy working making money. I'm doing great so i can take a quick break.
The report claims 56% federal income tax => TRUE
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what a nonsense again from you
All income from employment or self-employment is taxed at 8% before income tax. This tax is termed a "gross tax" (Danish: Arbejdsmarkedsbidrag). Income below DKK 43 442 (USD 7 800) (2017-level, adjusted annually) is income tax-free, but subject to the gross tax.[1]
Interest paid up to DKK 50 000 is tax deductible. Commuting exceeding 24 kilometers/day receives a DKK 2.05 per kilometer tax deduction. For commutes exceeding 100 kilometers per day, the rate is reduced to DKK 1.03 per kilometer.[2] A number of other deductions apply. The general rule is that the taxpayer is able to deduct his/her expenses in acquiring their taxable income, although there are many exceptions to this rule. Employees have very limited possibilities for tax deduction as it is assumed that the employer covers the expenses related to the employee's work. The employer will then be able to deduct most of these expenses from her own taxable income. Furthermore, Union Fees are tax deductible.
The state income tax has two income brackets (base and top). In 2017 income from DKK 43 442 to DKK 479 600 is taxed at 5.83% and income above DKK 479 600 is taxed an additional 15%.
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Other taxes include Municipal income tax, currently in the range 23% - 28%, though on average 24.09%, and a state tax, in the range of 8% - 15%.
A Health contribution tax (3% (2016);2% (2017);1% (2018);0% (2019)) apply on all income above the tax free allowance in year 2014, though from there the health contribution is getting merged with the regular income tax by one percent per year. From 1 January 2019 there will be no health tax as it will then have been phased out, by then being part of the income taxes that everyone pays. Under the Danish tax system, it is possible for a high-wage earner to pay up to 51.5% of their total income after gross tax, giving a total of 55.38% of total income.
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then letīs talk about the AVERAGE REAL INCOME in denmark is aproximately 100-150% higher than in US.
the "tax" you talk about includes FULL health insurance, free education, retirement pension, unemployment insurance and much much more.
so even AFTER "tax" they have more in their pocket than any american with the same income and ALL upper mentioned is paid already.
imagine an american with an income of 50.000 per year wants to have insurance for all that - he would have to pay MUCH more than this 56% for it.
you do not even get a good health insurance for 1000 dollar per month there.
i really donīt know why you donīt research on facts.