Showing posts with label Tax. Show all posts
Showing posts with label Tax. Show all posts

Friday, April 04, 2008

Danish Taxes, How I Loathe Thee

Apparently last month Denmark became the country with the highest taxes. Nice.

Read about it here:
Denmark surpassed Sweden for the worlds highest tax burden

We get the "privilege" to pay this lovely amount as well since Michael is paid in DKK and not USD. There is a tax break for some foreigners, but not one we could benefit from. At the time of moving here, to take advantage of this we had to be making about 250,000-300,00 + dollars a year. After three years, we would be required to pay ALL of the back tax or leave the country.

Sure, there are lots of benefits for paying this ridiculous amount for things such as:

-Free Heath Care (But we are paying extra for a private insurance policy)
-Unemployment Benefits (I'm not receiving this, and if Michael were to quit or get fired from TI, our residence permits become immediately VOID and we have to leave the country)
-Free University (Neither of us are students, nor do we have kids who are potentially going to to a Danish University)
-Stipend for Children (We don't have kids)
- One Year Maternity Leave (Still no kids)
- 3ish Months Paternity Leave (I can't remember the exact amount, but it doesn't matter because again, we don't have kids)
-Retirement (We won't be retiring to Denmark)

I'll miss a lot of things when it is time for us to leave Denmark, but I am confidant, the taxes, will not be one of them.