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Wednesday, July 25, 2007

What is the Highest Taxed Country?


Denmark is the county with the highest income tax. The top rate of tax is 68%, with the basic rate starting at 42%. The tax code in Denmark is very complicated, with income taxes, work taxes, sales taxes, taxes on "luxury items" and various taxes that businesses must pay as a percentage of their salaries. In return for these high taxes, the Danes receive a wide range of governmental benefits, including free health care, free higher education and an extensive social services.

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