I’ve been living and working in Denmark for the last 13 years (from Dublin, lived in Germany before moving to Denmark) and in many ways I love living here. But you really are spot on about conformism and people wanting you to blend in. As a none Danish European this can be a bit confusing. PS great channel!
Being a financial independent Dane who has decided not to leave the country I would like to address how I have coped with the two "prison" aspects you mention in this video. Prison #1: Janteloven does not address wealth. Personally I live a simple life without status symbols, although I make no secret about that I have a lot of money if conversation with people go that way. Very importantly I do not think I am any better than other people just because I have money. This is not just something I say, as I think many people I know who have almost no money are a lot better than me. This often gives me comments from other Danes like "I like how relaxed you are about having a lot of money; not bragging about it, but still being honest about it". Prison #2: I pay a lot of tax here in Denmark. I use the rules to pay as little as I legally can, but I have decided to pay all my taxes here, although I could save quite a lot in taxes but paying some of them in other countries. The reason is that I would like to pay to a society like you described in your "paradise" points. It is not correct that you could pay up to 60 percent in taxes, as we have what we call "skatteloftet" which limits the maximum tax rate. For 2023 this is 52.07 percent. For many years I have paid this maximum amount of tax personally. But the majority of my income actually goes into a company I have, and here there is a flat 22 percent tax. I keep my personal income below kr. 600.000, which is a lot less than I actually need for living a good life.
Another beautiful outcome of this is that it actually allows for people to root for others success. It's fair to assume that it isn't build on other peoples expense. And everybody has a fair chance at it. There simply is no valid reason to hate the rich here.
Hey Mario, great video, I lived 8 years in Denmark, and your points are spot on. I have a question tho, what are the countries where your ambitious friends went? Can you also give some examples? Thank you, and have a great day!
Denmark is a tax hell country!!! Seriously it's not just about if you are earn a high income, but it's also a matter of principle that even people with a normal income should not pay such high taxes. The government spends the tax money on all kinds of nonsense, and a majority of the tax money goes to more administrative workers in the government that increases an already bureaucratic hell, which is extremely frustrating. The government also uses a lot of the tax money on subsidises, which means that even people with normal paying jobs are depended on the subsidises from government, which is insane!!! Instead of removing the subsidises and lowering the taxes, the government in Denmark uses the taxes and subsidises to constantly control most of the population's personal economy somehow. Only the richer people can escape the subsidise hell, but has to suffer even higher taxes. Denmark is simply horrific from a taxation and bureaucratic standpoint, and for some people who can't accept this, Denmark is simply not for them. This is a warning to people who are considering going to Denmark!
Hola Mario, quízas sea inteligente crear una empresa en Estonia u otro pais y manejar tus activos desde allí? Hace una semana llegue a Dinamarca, veo tu canal hace más de 6 meses, aportas mucho valor! no crees que sería interesante crear un canal de TH-cam en español? Saludos
I don't think salary is even such a big deal. Yes, after 80K+ you pay 60% in taxes, but still. The main issue for most people are the investment taxes (which if you've even 1m in stocks already are ridiculous + that the company rules are so tight).
The highest tax in Denmark is not 63%, but only 53% and is not paid for whole salary, only for the part above "top-skattegrænsen". And for the fist approx. 50.000 you don't pay any tax at all.
@@MarioScianHQ yes, but it is only for the part above 53.000 kr. per month. With that income you probably find ways to overcome it. Remember to be humble and pay you tax with delight 😆
🔥 Watch Next: How I Have Time for Everything (Manager at Maersk): th-cam.com/video/SVpvtLKZaNs/w-d-xo.html
I’ve been living and working in Denmark for the last 13 years (from Dublin, lived in Germany before moving to Denmark) and in many ways I love living here. But you really are spot on about conformism and people wanting you to blend in. As a none Danish European this can be a bit confusing. PS great channel!
Thanks!
Being a financial independent Dane who has decided not to leave the country I would like to address how I have coped with the two "prison" aspects you mention in this video.
Prison #1: Janteloven does not address wealth. Personally I live a simple life without status symbols, although I make no secret about that I have a lot of money if conversation with people go that way. Very importantly I do not think I am any better than other people just because I have money. This is not just something I say, as I think many people I know who have almost no money are a lot better than me. This often gives me comments from other Danes like "I like how relaxed you are about having a lot of money; not bragging about it, but still being honest about it".
Prison #2: I pay a lot of tax here in Denmark. I use the rules to pay as little as I legally can, but I have decided to pay all my taxes here, although I could save quite a lot in taxes but paying some of them in other countries. The reason is that I would like to pay to a society like you described in your "paradise" points. It is not correct that you could pay up to 60 percent in taxes, as we have what we call "skatteloftet" which limits the maximum tax rate. For 2023 this is 52.07 percent. For many years I have paid this maximum amount of tax personally. But the majority of my income actually goes into a company I have, and here there is a flat 22 percent tax. I keep my personal income below kr. 600.000, which is a lot less than I actually need for living a good life.
Thank you for sharing James!
Another beautiful outcome of this is that it actually allows for people to root for others success. It's fair to assume that it isn't build on other peoples expense. And everybody has a fair chance at it. There simply is no valid reason to hate the rich here.
Hi Mario! (Interesting book by the way)
What do you mean about "focus on personal development" ?
Related to the work side or the family one?
In DK you’ve time to spend on your self, then of course you can use it either way for becoming better at work or family things
Hello new subscriber here
Can you do a video about interviews in Denmark and the visa process?
Thank you
Thanks! Noted the idea
Hey Mario, great video, I lived 8 years in Denmark, and your points are spot on. I have a question tho, what are the countries where your ambitious friends went? Can you also give some examples?
Thank you, and have a great day!
USA, UK, Swiss.
Denmark is a tax hell country!!! Seriously it's not just about if you are earn a high income, but it's also a matter of principle that even people with a normal income should not pay such high taxes. The government spends the tax money on all kinds of nonsense, and a majority of the tax money goes to more administrative workers in the government that increases an already bureaucratic hell, which is extremely frustrating. The government also uses a lot of the tax money on subsidises, which means that even people with normal paying jobs are depended on the subsidises from government, which is insane!!! Instead of removing the subsidises and lowering the taxes, the government in Denmark uses the taxes and subsidises to constantly control most of the population's personal economy somehow. Only the richer people can escape the subsidise hell, but has to suffer even higher taxes. Denmark is simply horrific from a taxation and bureaucratic standpoint, and for some people who can't accept this, Denmark is simply not for them.
This is a warning to people who are considering going to Denmark!
People can put everything in the balance
Hola Mario, quízas sea inteligente crear una empresa en Estonia u otro pais y manejar tus activos desde allí? Hace una semana llegue a Dinamarca, veo tu canal hace más de 6 meses, aportas mucho valor! no crees que sería interesante crear un canal de TH-cam en español? Saludos
En principio si tenes una empresa afuera y sos el unico dueno y residis en e.g. DK, DK puede decir que la empresa es taxeada en Dinamarca.
What would you say is the salary where taxes begin to be just too much? 70k dkk per month?
I don't think salary is even such a big deal. Yes, after 80K+ you pay 60% in taxes, but still. The main issue for most people are the investment taxes (which if you've even 1m in stocks already are ridiculous + that the company rules are so tight).
@@MarioScianHQ because of the 42% on benefits over ~55k dkk? Is there any clever & legal tax optimization method you can share?
Donemarx is a prison for other reasons than just taxes..
No, there are none
The highest tax in Denmark is not 63%, but only 53% and is not paid for whole salary, only for the part above "top-skattegrænsen". And for the fist approx. 50.000 you don't pay any tax at all.
Thanks! But "only" 53% is still more than half the salary :D Not for everyone
@@MarioScianHQ yes, but it is only for the part above 53.000 kr. per month. With that income you probably find ways to overcome it. Remember to be humble and pay you tax with delight 😆
Perhaps it is difficult to enjoy the benefits of a more equal society if the structures that support a more equal society disappear.
Yes
Job security???? No. That is not true. Unemployment is very high in Denmark.
No, it's not
For me Prison
Sure