I recall David naming three reasons for leaving Denmark: Taxes, taxes, and taxes.
Well, it’s that time of year again: I just received my tax statement for last year, and I keep getting shell-shocked each year as I’m reminded of the marginal tax level around here.
For those of you unfamiliar with the numbers, I pay 61.5% tax on every additional dollar (kr) I make. That’s $385 to spend for every $1,000 I make. Another way to put it is that to buy that $5 beer at a bar, I have earn $13 pretax. And I’m not even accounting for the 25% sales tax which makes the $5 beer cost $6.50 (kr40).
Sure, I’m in the top bracket. Along with everyone else making more than $51.770 per year, or $4,314 per month.
Makes you want to follow David :)
Comments