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<blockquote data-quote="Babagounj" data-source="post: 1639086" data-attributes="member: 12952"><p>The state income tax has two income brackets (base and top).</p><p>In 2014 income from DKK 42,900 ( USD 6430 ) to DKK 421,000 ( USD 63102 ) is taxed at 5.83% and income above DKK 422,000 ( USD 63252 ) is taxed an additional 15%. </p><p>Other taxes include Municipal income tax, currently in the range 23% - 28%, though on average 24.09%.</p><p>A Health contribution of 8% apply on all income above the tax free allowance in year 2014, though from there the health contribution is getting merged with the regular income tax by one percent per year. Under the Danish tax system, it is possible for a high-wage earner to pay up to 51.5% of their total income after gross tax, giving a total of 57% of total income.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1639086, member: 12952"] The state income tax has two income brackets (base and top). In 2014 income from DKK 42,900 ( USD 6430 ) to DKK 421,000 ( USD 63102 ) is taxed at 5.83% and income above DKK 422,000 ( USD 63252 ) is taxed an additional 15%. Other taxes include Municipal income tax, currently in the range 23% - 28%, though on average 24.09%. A Health contribution of 8% apply on all income above the tax free allowance in year 2014, though from there the health contribution is getting merged with the regular income tax by one percent per year. Under the Danish tax system, it is possible for a high-wage earner to pay up to 51.5% of their total income after gross tax, giving a total of 57% of total income. [/QUOTE]
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