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Does Norway also have a VAT? The top marginal rate on wages in California is 51.9% according to taxfoundation.org [1] [1] https://taxfoundation.org/high-income
by todd8 9y ago
Does Norway also have a VAT? The top marginal rate on wages in California is 51.9% according to taxfoundation.org [1]
[1] https://taxfoundation.org/high-income-taxpayers-could-face-top-marginal-tax-rate-over-50-percent-tax-season/ https://taxfoundation.org/high-income-taxpayers-could-face-t...
- Thlom 9y agoYes, generally 25%, 15% for food stuff and 10% for cultural stuff. Income is taxed with 25% up to 164K NOK (about 20K USD), maximum income tax is 39,25% for everyone earning more than about 950K NOK (about 119K USD). But there's lots of deductions, so it's not too bad.
- twoodfin 9y agoDo employers pay taxes on their labor as well?
- Thlom 9y agoYes, between 0 and 14% depeding on sector and where in the country you are. This tax is going into the national insurance system called "folketrygden" which is what finance most of the welfare state (the parts that pays out money directly at at least).
- SilasX 9y agoNot just wages -- IIUIC, CA doesn't distinguish wage vs other kinds of income.