Surprising, I thought the deal with the Nordics was that you trade some income for better social security, but apparently they didn’t (or alternatively they are just that rich, which definitely checks out for Norway). Though it’s a bit unclear how this is counted, as e.g. Germany’s social security isn’t paid via taxes but a system of heavily regulated insurance. Germany’s ranking looks like the people who made these graphs counted those social security contributions the same as taxes, though.
It’s this one. They do tax highly - not necessarily the highest, but up there - but they’re also ranked near the top of GDP per capita and labour productivity. Oil definitely does give Norway specifically an extra leg up, but the broader picture is similar across all of the Nordic countries (although I’m not so sure on the Faroe Islands, and Greenland is quite different)
Norway: Tax on primary wage is around 27%, tax on extra wages 40+%, tax on purchases 25%, tax on stock investment gains 37% +++ but you do get returns on your tax. roads a fairly good, healthcare and social security is good - I pay my taxes with a smile 😊
average wage is around 66k euro, but the median is around 59k.
Surprising, I thought the deal with the Nordics was that you trade some income for better social security, but apparently they didn’t (or alternatively they are just that rich, which definitely checks out for Norway). Though it’s a bit unclear how this is counted, as e.g. Germany’s social security isn’t paid via taxes but a system of heavily regulated insurance. Germany’s ranking looks like the people who made these graphs counted those social security contributions the same as taxes, though.
It’s this one. They do tax highly - not necessarily the highest, but up there - but they’re also ranked near the top of GDP per capita and labour productivity. Oil definitely does give Norway specifically an extra leg up, but the broader picture is similar across all of the Nordic countries (although I’m not so sure on the Faroe Islands, and Greenland is quite different)
Norway: Tax on primary wage is around 27%, tax on extra wages 40+%, tax on purchases 25%, tax on stock investment gains 37% +++ but you do get returns on your tax. roads a fairly good, healthcare and social security is good - I pay my taxes with a smile 😊 average wage is around 66k euro, but the median is around 59k.
https://www.ssb.no/arbeid-og-lonn/lonn-og-arbeidskraftkostnader/statistikk/lonn