Unlike most millennials, Norway's are rich

Re:Unlike most millennials, Norway's are rich by NizaAfrica on Saturday July 14, 2018 @05:36AM (#17529586)

It's because Norway is one of the most heavily taxed countries in the world with a total tax burden of roughly 45% of GDP– almost 4x Hong Kong and nearly twice the US.

VAT here is a whopping 25%. Personal income tax rates border 55%. Corporate profits tax ranges from 28% to as high as 78%

Moreover revenues from Equinor also help.

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Re:Unlike most millennials, Norway's are rich by marvin on Saturday July 14, 2018 @06:48AM (#17529770)

Interesting to see the measure of total tax burden vs. GDP. Never heard that variant before, during discussions where it becomes obvious it's difficult to compare the tax systems of different countries. Apparently, perhaps not surprisingly, the Nordic countries top this list: https://en.wikipedia.org/wiki/List_of_countries_by_tax_reven...

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