2 ms·
Remember, though, that 50% is the marginal tax rate. I don't know the tax brackets in Norway, but only income over X amount will be taxed at that rate, the firs
by grkvlt 10y ago
Remember, though, that 50% is the marginal tax rate. I don't know the tax brackets in Norway, but only income over X amount will be taxed at that rate, the first X will have a different (series of) lower rates, and generally the first Y amount has 0% tax, for some small-ish Y. This means that his amortized tax rate is less that 50%, maybe even much less if income is only a small amount over the X threshold for 50% tax.
- kwhitefoot 10y agoActually now, 46,72% is the highest marginal rate, see http://www.smartepenger.no/faktabank/skatt/635-marginalskatt-pa-lonnsinntekter http://www.smartepenger.no/faktabank/skatt/635-marginalskatt.... You have earn over NOK900k to pay that, about USD105k. Tax on capital gains is now down to 24%. I should have looked those numbers up earlier.