Quote:
Originally Posted by MartinSE
This is true, that $7/hr (35% tax = about $1100/mth) includes all your taxes plus it is also paying for your health insurance that covers everything, and 6 weeks of vacation. The insurance is actually Universal and covers everything.
|
Except-----your "35% average tax rate" includes all citizens----how many pay no tax (like 47% here), and therefore what is the TRUE rate among those that actually pay taxes (thereby supporting the other half).
Google can be your friend. Denmark's top bracket is about 55%, but they also have a VAT of 25% (value added tax) and a GST of 9%. And they also have something that would never go over in the US----a 0.7% church tax for the Church of Denmark (if you are a member)