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I've heard this a few times before. Admittedly I'm not that familiar with Denmark. Lets check out the livability. GDP is okish; has signs of foreign influence

I've heard this a few times before. Admittedly I'm not that familiar with Denmark. Lets check out the livability. GDP is okish; has signs of foreign influence or some sort of financial crisis. 2.5% unemployment is fantastic. 75% participation and steadily climbing, elderly going back to work? https://www.populationpyramid.net/denmark/2020/ https://www.populationpyramid.net/denmark/2020/ Wow, only 5 million people? Toronto has more people. Though yes elderly going back to work. Central bank is very healthy. Interest rates went negative a little bit. Seemingly 0% typically? Hence the elderly going back to work. Their government didnt print a bunch of money? ~250% private debt to gdp is high, housing crisis? excellent balance of trade. !!! government debt to gdp is below 30% holy smokes! Big boost to military spending Household debts to gdp below 100%, but not by much. That's ok. 60% housing ownership isnt great. Housing bubble crashing most likely with high private debt to gdp, high rates. Likely priced their own people out of the market; forcing the bubble to crash. 55% personal income tax rate? Yikes! 25% sales tax, 22% corporate tax. Those are some insane taxes.

vertis 2y ago
Most of Europe has similar taxation. They get a lot for their money though. Public transport and health. I would live in Denmark in a heartbeat, have visited so many times as a digital nomad. But I'd have to go work for a tech company there or convince them that whatever startup I want to have a go at next is enough to be accepted by the startup visa (complicated). If anyone from Denmark or Sweden (which I love as well) reads this and wants someone with 20+ YOE in tech (programming, startups) do get in contact, my details are on my profile.
- slekker 2y ago
  > Most of Europe has similar taxation. Countries like Czechia or France have lower income tax (5%-10% less)
  - Symbiote 2y ago
    France's top rate is 0.5% points lower. Denmark is average for the EU (much less than France) once you account for the employee taxes in France.
- vertis 2y ago
  Note: I've left it too late to edit the above, but I probably shouldn't have suggested contacting me. I would LOVE to live in Denmark or Sweden, but it probably wouldn't be possible this year (due to commitments I've made to customers).
mrkeen 2y ago
> 55% personal income tax rate? Yikes! 25% sales tax, 22% corporate tax. Those are some insane taxes. Yes, insane. It's the kind of stat that you should question while reading, and before writing.
slekker 2y ago
> 55% personal income tax rate? Yikes! 25% sales tax, 22% corporate tax. Those are some insane taxes. They do have a tax reduction scheme, but you need an obscene salary for DK standards: https://www.bdo.dk/en-gb/insights/tax-and-vat/27-percent-tax-regime https://www.bdo.dk/en-gb/insights/tax-and-vat/27-percent-tax...
pvdoom 2y ago
> 55% personal income tax rate? That's not really correct. It is more like 36%. And also it is more complicated than that, as the more you earn the higher it gets, but it's roughly around 36%. The 55% is for example for secondary incomes, etc. what we call a B-kord
- tossandthrow 2y ago
  Yes, 55% is the top of the tax progression. People on B-kort still get their deductions (Just paid back after the fiscal year is done). You pay the 55% on: 1. salary earned on the top of the progressions hierarchy 2. When you work anonymously (Ie. you need a CPR number to get you deductions) At a salary of ~150k USD (DKK 1m) you would pay 40% in tax - not too far away from NY or SF.
  - pvdoom 2y ago
    My sister is in SF, and even though she nominally makes a little more than I do, I end up having much more disposable income, and can afford a lot more things, which is ... weird feeling
tossandthrow 2y ago
You mention the elderly a couple of times: 1. Pension ag is currently 69 with a renegotiation to raise it to 73 coming up. 2. Schemes has been installed to allow retired people to keep their public pensions while working. In essence: Nobody are being forced into the labor market, but a lot of pensioners are choosing to + retirement age is increasing.
tharmas 2y ago
People like to mention the lower income taxes for higher income brackets in the USA but in some places there you pay a lot of property tax. If you make a nice salary you probably have a nice house, and in some places you'll pay a lot of property tax, especially if you live in a location that is popular like Miami. https://www.tax-rates.org/florida/miami-dade_county_property_tax https://www.tax-rates.org/florida/miami-dade_county_property... https://www.tax-rates.org/taxtables/property-tax-by-state https://www.tax-rates.org/taxtables/property-tax-by-state

vertis 2y ago

Most of Europe has similar taxation. They get a lot for their money though. Public transport and health. I would live in Denmark in a heartbeat, have visited so many times as a digital nomad. But I'd have to go work for a tech company there or convince them that whatever startup I want to have a go at next is enough to be accepted by the startup visa (complicated). If anyone from Denmark or Sweden (which I love as well) reads this and wants someone with 20+ YOE in tech (programming, startups) do get in contact, my details are on my profile.

slekker 2y ago
> Most of Europe has similar taxation. Countries like Czechia or France have lower income tax (5%-10% less)
- Symbiote 2y ago
  France's top rate is 0.5% points lower. Denmark is average for the EU (much less than France) once you account for the employee taxes in France.
vertis 2y ago
Note: I've left it too late to edit the above, but I probably shouldn't have suggested contacting me. I would LOVE to live in Denmark or Sweden, but it probably wouldn't be possible this year (due to commitments I've made to customers).

mrkeen 2y ago

> 55% personal income tax rate? Yikes! 25% sales tax, 22% corporate tax. Those are some insane taxes. Yes, insane. It's the kind of stat that you should question while reading, and before writing.

slekker 2y ago

> 55% personal income tax rate? Yikes! 25% sales tax, 22% corporate tax. Those are some insane taxes. They do have a tax reduction scheme, but you need an obscene salary for DK standards: https://www.bdo.dk/en-gb/insights/tax-and-vat/27-percent-tax-regime https://www.bdo.dk/en-gb/insights/tax-and-vat/27-percent-tax...

pvdoom 2y ago

> 55% personal income tax rate? That's not really correct. It is more like 36%. And also it is more complicated than that, as the more you earn the higher it gets, but it's roughly around 36%. The 55% is for example for secondary incomes, etc. what we call a B-kord

tossandthrow 2y ago
Yes, 55% is the top of the tax progression. People on B-kort still get their deductions (Just paid back after the fiscal year is done). You pay the 55% on: 1. salary earned on the top of the progressions hierarchy 2. When you work anonymously (Ie. you need a CPR number to get you deductions) At a salary of ~150k USD (DKK 1m) you would pay 40% in tax - not too far away from NY or SF.
- pvdoom 2y ago
  My sister is in SF, and even though she nominally makes a little more than I do, I end up having much more disposable income, and can afford a lot more things, which is ... weird feeling

tossandthrow 2y ago

You mention the elderly a couple of times: 1. Pension ag is currently 69 with a renegotiation to raise it to 73 coming up. 2. Schemes has been installed to allow retired people to keep their public pensions while working. In essence: Nobody are being forced into the labor market, but a lot of pensioners are choosing to + retirement age is increasing.

tharmas 2y ago

People like to mention the lower income taxes for higher income brackets in the USA but in some places there you pay a lot of property tax. If you make a nice salary you probably have a nice house, and in some places you'll pay a lot of property tax, especially if you live in a location that is popular like Miami. https://www.tax-rates.org/florida/miami-dade_county_property_tax https://www.tax-rates.org/florida/miami-dade_county_property... https://www.tax-rates.org/taxtables/property-tax-by-state https://www.tax-rates.org/taxtables/property-tax-by-state