According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance.
In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent.
Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark.
Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
According to the OECD, Denmark (26.4 percent), Norway (19.7 percent), and Sweden (22.1 percent) all raise a high amount of tax revenue as a percent of GDP from individual income taxes and payroll taxes. This is compared to the 15 percent of GDP raised by the United States through its individual income taxes and payroll taxes for instance.
In order to raise a lot of income tax revenue, income tax rates in Scandinavian countries are rather high except for that of Norway. Denmark's top marginal effective income tax rate is 60.4 percent. Sweden's is 56.4 percent. Norway's top marginal tax rate is 39 percent.
Scandinavian income taxes raise a lot of revenue because they are actually considered flat. In other words, they tax most people at high rates, not just the high-income taxpayers. The top marginal tax rate of 60 percent in Denmark applies to all income over 1.2 times the average income in Denmark.
Sweden and Norway have similarly flat income tax systems. Sweden's top marginal tax rate of 56.9 percent applies to all income over 1.5 times the average income in Sweden. Norway's top marginal tax rate of 39 percent applies to all income over 1.6 times the average Norwegian income.
i think countries become poor because of of bad country leader. this could lead to very high taxes that countries can not pay for, therefore they get poor.
Each country has its own level of taxes. In some countries they are harsh, in some there are scarcely any taxes.
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
They are countries with high or low income. High income countries (HICs) tend to be in the Northern hemisphere and low income countries (LICs) tend to be in the Southern hemisphere. There are also middle income countries (MICs).
The Scandinavian Journal of Economics was created in 1899.
Social Services and Nanny States
Social Services and Nanny States
In the Scandinavian countries, first of which is the Denmark.
Socialism, at least in its Scandinavian form, stresses the use of high taxes in order to pay for public services.
Quite the opposite; Scandinavian countries are the most northern.
The five Scandinavian countries are Denmark, Sweden, Norway, Iceland and Finland.
Norway is a Scandinavian country.
Scandinavian countries: Denmark, Norway, Sweden. Nordic countries: Denmark, Norway, Sweden, Iceland, Finland. I put the Nordic countries here as well because many people confuse them with Scandinavian countries.
Scandinavian countries: Denmark, Norway, Sweden.I am putting the definition of Nordic countries here because many people confuse the Scandinavian countries and the Nordic countries.Nordic countries: Denmark, Norway, Sweden, Iceland, Finland.
In most Scandinavian countries Lutheranism is dominant.
schengen visa is required for travelling to Scandinavian countries ...
The countries that belong to the Scandinavian countries are Denmark, Norway, Sweden, Finland, Iceland, and sometime Greenland as it is almost always not included.