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In Denmark you pay around 38% of your paycheck if you fall into the normal catagory.

However, even if you don't earn enough to pay the 38% in tax. You always have to pay 8% in gross tax.

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The highest tax rate in the world. Argentina's turnover tax alone is nearly 90% of corporate earings, before taxes on salaries and financial transactions.

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There's no such thing as income tax in the Bermuda. It is, however ridiculously expensive to live there. Fx. a gallon of milk cost upwards of 15 dollars, almost 100 dkk.

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The Danish welfare state is, among other things, based on the concept of citizens having equal access to the different services paid for by taxes.

In Denmark, there is land value tax, which is either:
- The total value of property minus minus the value of improvements.
If it isn't this, value tax is:
- The value of the property last tax year, and it gets bigger or smaller depending on the growth or decline in percent.

There is also local income taxes, an the maxium tax rate is 51,5 % and the maxium marginal rax rate is 59 %.

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Bermuda needs to get money to run the country from other places than tax. The people of Bermuda has to pay land taxes, which is a large sum of money the residents pays twice a year to have a piece of land or recidency in Bermuda.

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USA is an interesting country to look at, because they don't have the same welfare model as we have in Denmark. In Denmark, we have the Scandinavian welfare model, and in USA, they have the residual welfare model, which is very liberal. And the liberal opinion upon taxes, is that they should be as low as possible. This results in USA's residents paying a lower tax than we do in Denmark, and other socialistic countries.

Federal tax rates vary from 10% to 39.6% of taxable income. State and local tax rates vary from 0% to 13.30% of income. In 2013, the top marginal income tax rate for a high-income California resident would be 52.9%.