HomeA Very Basic Look at Taxes – Between Denmark and USAtbdA Very Basic Look at Taxes – Between Denmark and USA

A Very Basic Look at Taxes – Between Denmark and USA

We take a very basic look at what taxes and take home pay looks like for an individual making 100,000 USD a year in the US or 50,000 DKK a month in Denmark. This takes an apples to apples look at how and where that money goes and what is left for an individual after the fact. This isn’t meant to complain or debate the merit of taxes, but just to take a simple look at fundamental differences or similarities between DK and the US. And know, we aren’t tax experts, but I have managed my taxes in both DK and the US on my own, so I at least understand my situation well :).

This also isn’t meant to be an all inclusive look at taxes, but at first step about the basics. We don’t cover sales tax/VAT, differences in state income tax depending on where you live, cost of living differences, etc. These are things we will address on future videos.

Another bit we didn’t cover here are deductions or end of year calculations that could change your tax obligation. What gets withheld each month is sometimes either too much or too little.

We hope you find this interesting as it is based on our personal experiences when living in both Denmark and the US.

Instagram – https://www.instagram.com/travelinyoung00/
Facebook – https://www.facebook.com/travelinyoung/
Website – http://www.travelinyoung.dk/

source

Leave a Reply

Your email address will not be published. Required fields are marked *

payday smile logo

PaydaySmile.com is a financial technology company specializing in payday loans and financial solutions. With a keen focus on catering to payday lending needs, the company provides tailored loan options and tools to assist individuals seeking short-term financial assistance. It’s important to note that while we offer financial tools and resources, we are not a direct lender.

Advertiser Disclosure: This website is an independent, advertising-supported comparison service. The card offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

© 2024 PaydaySmile.com . All Rights Reserved.