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What is Average income in Monaco?

Updated: 11/8/2022
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11y ago

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Well. This is rather interesting. If you take a sheep and cut its balls open, you get the average wealth per person, of course, you need a sheep for this. Bye.

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11y ago
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Q: What is Average income in Monaco?
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What are the chief products of Monaco?

There are no 'products' as such. Monaco's income is from tourism and gambling.


What is the average household income in Monaco?

Monaco boasts the world's highest GDP nominal per capita at US$153,177,


Why does Monaco and Switzerland have no tax?

As this is under "Monaco" I will tell you the facts relevant to Monaco ( I know nothing about Switzerland. ) In Monaco there is no 'residential income tax". - There are many other forms of tax however. The VAT is almost 20% and this applies on many things. There is corporate income tax and non-resident income tax ( About 50,000 foreign workers who come to work in Monaco each day )


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1-lichenstein 2-switzerland 3-luxembourg 4-norway 5-monaco


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Monaco doesn't pay income taxes


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Banking, casinos and the service industry ( restaurants, stores etc) are the main sources of income.


What can you say about Monaco in terms of its population among wealthy people?

Monaco is one of the most wealthy countries in the world.


In which country there is no tax for personal income?

Andorra, Monaco, and The United Arab Emirates.


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The US average income is MUCH higher than the world average income.


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