ST Alpha - "According to this (unrelated) news article, any income over about $70,000 USD is taxed at 63% in Denmark." (Reading a Post)

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In response to "So the guy who won the WSOP this year will have to pay 73% of his winnings to Denmark" by J

According to this (unrelated) news article, any income over about $70,000 USD is taxed at 63% in Denmark.

Posted by ty97 Nov 13 '08, 05:17

Gambling winnings may have additional tax or there might be a local tax? Not sure how to explain the 63 vs 73 difference otherwise

"The problem, employers and economists believe, has a lot to do with the 63 percent marginal tax rate paid by top earners in Denmark - a level that hits anyone making more than 360,000 Danish kroner, or about $70,000. That same tax rate underpins such effective income redistribution that Denmark is the most nearly equal society in the world, in that wealth is more evenly spread than anywhere else."

http://www.iht.com/articles/2007/12/05/business/labor.php (www.iht.com)

Responses:

denmark is also gennerally considered one of the happiest places on earth.... - x Nov 13, 05:20 6
- No wonder! -- nm - nubby Nov 13, 06:16
- I've been most struck my the great technology here. - ty97 Nov 13, 05:24 4
  - Where are you this week? -- nm - Will Hunting Nov 13, 05:25 3
    - Copenhagen. -- nm - ty97 Nov 13, 05:26 2
      - So, was this kid's win big news there? -- nm - Will Hunting Nov 13, 05:31 1
        
        I haven't heard anyone mention it, but I wouldn't be surprised if it was all over the news. - ty97 Nov 13, 05:32
And people complain about our mid 30's tax rate. Oof. -- nm - Will Hunting Nov 13, 05:18

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According to this (unrelated) news article, any income over about $70,000 USD is taxed at 63% in Denmark.

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