Denmark has high taxes for the poor and middle class
Ironically, there's virtually no place better to be "poor" than in Denmark, because while poor people pay taxes, too, wages (and welfare) are so high that they end up living a better life than in other countries.
Taxes on the rich are a different story, though, because while the tax rates on the rich may compare to those in the US, it seems to me (and I might be wrong here) that, through tax deductions and various other things, rich Americans often end up paying relatively low taxes. And that would be hard to accomplish in Denmark.
Taxes on the rich are a different story, though, because while the tax rates on the rich may compare to those in the US, it seems to me (and I might be wrong here) that, through tax deductions and various other things, rich Americans often end up paying relatively low taxes.
This is a common misconception and is completely incorrect. The "tax loopholes" have been gone for decades.
It is actually far easier for wealthy Danes to avoid high taxes - they can simply move to Monaco or Switzerland or Estonia or Poland, whilst Americans must first gain citizenship of a separate nation then renounce their citizenship and pay an exit tax.
Capital gains taxes tend to be slightly lower in the US, but corporate taxes far higher. Consumption taxes are of course far higher in Denmark, and this will annoy some rich people there but will typically have little impact on the bottom line.
Overall you're likely taxed higher as a rich American than a rich Dane - though individual circumstances will play a huge role.
Ironically, there's virtually no place better to be "poor" than in Denmark, because while poor people pay taxes, too, wages (and welfare) are so high that they end up living a better life than in other countries.
Taxes on the rich are a different story, though, because while the tax rates on the rich may compare to those in the US, it seems to me (and I might be wrong here) that, through tax deductions and various other things, rich Americans often end up paying relatively low taxes. And that would be hard to accomplish in Denmark.