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The effective tax rate in Norway is around 45% BTW. The max personal tax rate is 47.2%, but that includes a 8.2% pension contribution. http://en.wikipedia.org
by kristofferR 12y ago
The effective tax rate in Norway is around 45% BTW.
The max personal tax rate is 47.2%, but that includes a 8.2% pension contribution.
http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
It's hard to directly compare though, since we have really high excise taxes/VAT, especially for things like cars.
- sampo 12y ago> The effective tax rate in Norway is around 45% BTW. But I believe your employer pays an amount equal to about 20% of your gross income as pension fund payments. I don't know if USA has similar "hidden" costs which makes direct comparison of grass salary difficult.
- kristofferR 12y agoThe maximum payroll tax in Norway is 14.1%. From a quick google it seems like the rates are about the same in the US: "making the total Social Security tax 12.4% of wages and the total Medicare tax 2.9%." http://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax http://en.wikipedia.org/wiki/Federal_Insurance_Contributions...
- deleted 12y ago[deleted]