If Denmark is the poster child - why is Tulsa rated....

hislegacy

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Higher in the quality of Life:

Tulsa, OK Copenhagen
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Purchasing Power Index Very High 145.40 Very High 117.40
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Safety Index Moderate 52.06 High 73.20
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Health Care Index Very High 82.87 High 74.26
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Climate Index High 70.86 High 67.66
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Consumer Price Index Low 63.32 High 93.68
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Property Price to Income Ratio Very Low 1.84 Moderate 8.01
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Traffic Commute Time Index Low 30.00 Low 28.25
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Pollution Index Moderate 40.01 Low 24.77

Quality of Life Index Very High 196.59 Very High 189.71

I find it interesting that We not only have a higher quality of life, but our health care index is almost 10 points higher?


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TheNorwegian

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I hope your statistic is better founded than the article on the Danish school teacher and her taxes. Here are a few examples:
You say: The lowest personal- income tax in Denmark is 40 &
Truth: It starts at 8 %

You say: Anyone who makes over $ 80.000 annually pays a personal tax of 68 %
Truth: The absolute maximum is 59.95 % - but then you have to earn far more than a mere 80.000 per year
Source: https://www.nordisketax.net/main.asp?url=files/dan/nor/i07.asp

I could go on, but I am sure you get my point
Where did you get this misinformation from?
 
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hislegacy

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Personal Care in Copenhagen (Denmark) is 73% more expensive than inTulsa, Oklahoma (United States)
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Cold medicine for 6 days (Tylenol, Frenadol, Coldrex, or equivalent brands) kr49 ($7) $9 19%
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1 box of antibiotics (12 doses) kr83 ($13) $9 47%
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Short visit to private Doctor (15 minutes) kr786 ($119) $50 139%
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1 box of 32 tampons (Tampax, OB, ...) kr43 ($6) $5.94 9%
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Deodorant, roll-on (50ml ~ 1.5 oz.) kr36 ($5.47) $2.92 87%
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Hair shampoo 2-in-1 (400 ml ~ 12 oz.) kr41 ($6) $3.28 88%
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4 rolls of toilet paper kr12 ($1.88) $2.51 25%
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Tube of toothpaste kr16 ($2.50) $2.35 6%
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Standard men's haircut in expat area of the city kr254 ($39) $14 181%
 
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hislegacy

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I hope your statistic is better founded than the article on the Danish school teacher and her taxes. Here are a few examples:
You say: The lowest personal- income tax in Denmark is 40 &
Truth: It starts at 8 %

You say: Anyone who makes over $ 80.000 annually pays a personal tax of 68 %
Truth: The absolute maximum is 59.95 % - but then you have to earn far more than a mere 80.000 per year
Source: https://www.nordisketax.net/main.asp?url=files/dan/nor/i07.asp

I could go on, but I am sure you get my point
Where did you get this misinformation from?

How about from Denmark?

You are correct on personal income tax, but you left the additional taxes out - why is that?

The Danish taxation system is progressive. The taxable income in Denmark is generally computed as the sum of personal income and capital income less general deductions. Married couples are taxed separately. In Denmark are local tax and state tax. The tax rate is from 0 % to 59 %. The state tax rate is from 5.48 % to 15 %. Municipal income tax is levied on taxable income and varies according to the municipality, between 20.14 % and 26.71 %. In Copenhagen, the country’s capital, the municipal tax rate is 24 %. Non-resident individuals are taxed at the state and municipal levels. Taxation is base on categories of income:
 
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hislegacy

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And keep this in mind while you are purchasing your new home.

TRANSACTION COSTS
Who Pays?
Solicitor´s Fee 0.1% - 0.5% (+ 25% VAT) buyer
Registration Fee DKK1,400 (€188) + 0.60% buyer
Real Estate Agent’s Fee 0.5% - 2% seller
Costs paid by buyer 0.725% - 1.225%
Costs paid by seller
0.5% - 2%
ROUNDTRIP TRANSACTION COSTS
1.225% - 3.225%
So let's run some numbers shall we?

A 150,000 home in Denmark will cost you

150,000 for the house

4,500 for solictor's fee
37,500 for VAT
2,300 for Registration fee
1,500 for agents fee
1,500 costs for buyer

So your 150,000 house now costs you 197,300.​
 
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hislegacy

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So, if the tax rate is form 0% to 59 % - how can it be a minimum 40 % and usually 80 %

Read my links and add them up - you can do it, I have faith in you.
 
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TheNorwegian

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A 150,000 home in Denmark will cost you
150,000 for the house
4,500 for solictor's fee
37,500 for VAT
2,300 for Registration fee
1,500 for agents fee
1,500 costs for buyer

So your 150,000 house now costs you 197,300.​

Except that you do not pay VAT when you sell a house ... so take those 37,500 away from you calculation
 
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pakicetus

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I've seen that meme before. You should be ashamed and embarrassed to post something like that without fact-checking any of its claims. As this Snopes article points out, almost everything it says is stunningly inaccurate:

- The meme says "the lowest personal income tax in Denmark is 40%." The actual number is 8%. Even the average personal income tax in Denmark is 26%.

- The meme says the cost of gasoline in Denmark is "$10 a gallon"; Snopes mentions that it's $6.40 a gallon. And of course, most measures of living standards/quality of life account for the cost of living anyway.

- The meme says "Few will ever own a car or a house." Snopes mentions that Denmark's home ownership rate is 63%, almost the same as America's 65%. It also says 70% of Danes own a car. And of course, the meme doesn't mention the availability of public transport, which diminishes the need for a car.

- The meme says Denmark has the highest private debt in the world. It's not remotely close to the highest, but it's high. Denmark has much higher private debt than America, 286% to 200%—but it also has much lower government debt, 60% to 123%. And its government debt is shrinking, because it taxes more than it spends.

- The meme says Denmark's suicide rate is "21 per 100,000 people." Snopes (sourcing the World Health Organization) mentions that the actual suicide rate in Denmark is 8.8 per 100,000, lower than America's 12.1 per 100,000.

- The meme says "employment is scarcely low." Denmark's unemployment rate is 4.5%. Even if you count everyone, including people who aren't looking for work, Denmark has the seventh best employment rate in the first world, after Iceland, Switzerland, Sweden, Norway, New Zealand, and Germany. Isn't social democracy supposed to cause massive numbers of jobless people mooching off the government?

- The meme says Denmark taxes 80% of your income overall. The actual number is 51%. That seems terrible because America is in the grip of a tax phobia, but I'd be more than willing to pay Denmark's taxes if we had its government services. Thanks to them, what Americans think of as poverty is almost completely extinct in Denmark. Denmark guarantees a year of paid maternity leave at 100% of your income, five weeks of paid vacation, paid sick leave, universal healthcare, universal pre-K and free college, while spending 40% more than we do on the elderly, six times as much on childcare, three times as much on disabled people, and five times as much on foreign aid. It has the least poverty in the world and the most upward mobility. Its child poverty rate (2.7%) is one eighth of ours and its poverty rate for seniors (4.6%) is one fifth of ours. 6% of Danes say they can't afford food, compared to 21% of Americans. Its median worker makes 50% more than us per hour. Its healthcare system has half our infant deaths and a higher life expectancy at half the cost. It's the most gender-equal country in the world after Iceland, Finland, Norway, and Sweden (its parliament is 40% female!). It has 1/6th of our homicide rate, 1/11th our incarceration rate, less than half our greenhouse gas emissions, 1/6th our teen birth rate, fewer abortions, much less drug use, and faster internet that's available to almost everyone. It has much less inequality than we've ever had; its fast-food workers make over $20 an hour. It keeps topping lists of the happiest countries in the world.

There are so many other things I could mention. Since poverty makes everything worse (including family life, crime, obesity, ignorance, depression, and stress), there are a million side-benefits from having little to no poverty. Being economically secure frees you to fully participate in society. According to this EU poll, Swedes and Danes are the most likely people in Europe to (*draws a deep breath*...) read a book, visit a museum, watch/listen to a cultural program on TV or the radio, visit a historical site, go to a concert, go to a library, see a play, dance, make a film, do photography, sing, act, sculpt, paint, draw, blog, write a poem/essay/novel, and play a musical instrument. They're twice as likely to do most of those things as the rest of Europe.

So not only is Denmark not doing badly, it's doing mind-blowingly well. Anyone who tells you otherwise is either a liar or a fool. Wherever you got your information from, stop believing it.
 
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Smidlee

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I notice Denmark's tax percentage is get higher and higher as the year pass by. No matter how much you make you always have just 100 percent. Around the 45- 50% seems to be the wall of how high they can go.
So yeah the idea the government can get 80% or Bernie idea of 90% out of people is insane.
 
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TheNorwegian

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I notice Denmark's tax percentage is get higher and higher with each year. No matter how much you make you always have just 100 percent. Around the 45- 50% seems to be the wall of how high they can go.

How do you notice that? Please, share a link to your data
 
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AceHero

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- The meme says "Few will ever own a car or a house." Snopes mentions that Denmark's home ownership rate is 63%, almost exactly the same as America's 65%. It also says 70% of Danes own a car. And of course, the meme doesn't mention the availability of public transport, which diminishes the need for a car.

I've experienced Denmark's excellent public transportation firsthand, and of course Copenhagen is super walkable and is well-known as a bicycling mecca. You can get around easily without a car.

- The meme says Denmark has the highest private debt in the world. It's not remotely close to the highest, but it's high. Denmark has much higher private debt than America, 286% to 200%—but it also has much lower government debt, 60% to 123%. And its government debt is shrinking, because it taxes more than it spends (its budget surplus is actually as big as our deficit).

Wow...

- The meme says Denmark's suicide rate is "21 per 100,000 people." Snopes (sourcing the World Health Organization) mentions that the actual suicide rate in Denmark is 8.8 per 100,000, lower than America's 12.1 per 100,000.

And Alaska's suicide rate is 21.6 per 100,000 people. It's not exactly a social democracy (save for the free oil money).

http://www.epi.alaska.gov/bulletins/docs/rr2013_01.pdf#storylink=relast

- The meme says Denmark taxes 80% of your income overall. The actual number is 51%. That seems terrible because America is in the grip of a tax phobia, but I'd be more than willing to pay Denmark's taxes if we had its government services. It guarantees a year of maternity leave at 100% of your income, five weeks of paid vacation, free healthcare, free pre-K and free college, while spending six times what we do on childcare, three times what we do on disabled people, and five times what we do on foreign aid. It has the least poverty in the world and the most upward mobility. Its child poverty rate (2.7%) is one eighth of ours and its poverty rate for seniors (4.6%) is one fifth of ours. 6% of Danes say they can't afford food, compared to 21% of Americans. Its evil socialist healthcare system has half our infant deaths and a higher life expectancy at half the cost. It has 1/6th of our homicide rate, 1/11th our incarceration rate, less than half our greenhouse gas emissions, twice our percentage of women in government, 1/6th our teen birth rate, much less drug use, fewer abortions, and better internet access. Its median worker makes 50% more than us per hour. Not only is Denmark not doing badly, it's doing mind-blowingly well. Anyone who tells you otherwise is either a liar or a fool.

Far too many Americans don't understand the myriad of things that taxes actually fund. If we had true universal healthcare, taxes would go up, but the cost of healthcare would go down. People don't realize how low our taxes really are.
 
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TheNorwegian

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Read the link -

I have read the link - and I know how VAT works.
EDIT: For clarity I refer to Danish law ML § 13, stk. 1, nr. 9,
Which explicitly says VAT should not be added when selling a home
 
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