Digital Nomads

High taxes = stealing money.

I live in Dubai, I pay zero taxes. I would never live in a country that charge high taxes

I lived in Dubai for a bit; sure not tax but I think it’s hell on earth. Rather pay a lot of tax than be there.

I think people are crazy when they say Dubai. When you say goodbye to Denmark, you won't miss it till your gone.

It’s really hard to believe that people are talking about US as the utopia for taxes and infrastructure. They talk about our high salaries. When I traveled in Finland this summer, my friend was astounded how much something as basic as tampons cost. My daughter called me and she needed some cash to pay for them. So while “the taxes are low” and “the salaries are high”, what do you have left over at the end of basic necessities is not a whole lot

Health insurance for a person who has company sponsored insurance is at least $10,000 a year. And that’s a good price from employer based insurance. If you’re a freelancer it’s going to cost a lot more and that doesn’t include co-pays. You see you can spend $10,000 a year on health insurance but still have to sell out another $30 every time you go to the doctor . And your insurance still will not pay for everything and you’ll get additional bills, the ones we call mystery bills, where you agree to pay whatever fees without knowing what they’re gonna cost until after you’ve had the procedure done.

The cost of food here is astronomical. The quality of it is mediocre. The cost of housing is so unaffordable that most people can never buy a home. As other posters have said in almost every place, you have to have a car and that’s very expensive to run. The average cost for public university is $30,000 a year.

But throughout this entire thread, people talk about subsidies for the poor people. But they never talk about the other cost of government. Judges cost a lot of money. Legislators cost a lot of money. So much of taxes go to things that middle income and poor people don’t use. So much of taxes go to the ultra wealthy, and they are schemes to avoid paying for the infrastructure that helps them get wealthy. it’s very difficult to get wealthy in a place that doesn’t have a legal structure in place to make it happen.

OP you might want to look into Nomad Capitalist on YouTube. Much of the content caters to wealthier people but there's still alot of value to be found there.

As an American with family in Copenhagen, Stockholm, Mexico, parts of Latin America, various parts of Canada, Philippines, Australia, and about a dozen other countries, I simply want to encourage you (and everyone) to list out what you have to buy or get from your taxes. For example you may pay less in taxes but require health insurance out of pocket. You may pay more in taxes but public transit might be free. While it is absolutely painful paying cost of living and seeing chunks of pay come off as taxes, doing the actual line item math will turn many of these recommendations on their head.

Check out Nomad Capitalist on Youtube, you’ll love it

Santa Cruz, Bolivia. Beautiful city, lots to do, active nightlife. 0% on foreign income.

Dubai when you believe in individualism? lol

If you're rich enough to complain about taxes you're rich enough to pay em. As an American wage slave I'd trade my address for a European address any day of the week.

you have no values if you're coming on here to show support for Russia invading Ukraine

Are you European? I am. I’m in the US. It’s all about individualism here.

I pay way less tax. And then literally everything I need - everything - I have to pay for.

The medication I’m on runs at almost $3k a month. I don’t pay that because I have excellent insurance through my very fancy highly paid job, a job that’s not available to me in Europe. If I ever lose that job I’ll be out of picked $3k a month for those meds or pay about the same for health insurance. Similar story with dental care.

There is no pension coming my way though is I need a 401k ie a private pension savings account. That comes out of my pre-tax total but after that plus tax and insurance contributions I am left with about the same % take home pay as in Europe.

The food is 3x more expensive and so bad for you. I have to supplement with minerals that I need to pay for because the food doesn’t have it naturally here. I need extra vitamins because I am permanently vitamin D and calcium deficient no matter what I eat. Except European cheese which is the only cheese my stomach can tolerate. Can’t eat wheat here either. So yeah proper nutrition ah the equivalent level I was getting in Europe is expensive.

The public transit sucks. I have a car so I can leave the major city I live in on weekends. Can’t take a train anywhere good. So I have to pay for that. Can’t leave it on the street due to crime so I have to pay for a garage.

Then there’s the cost of education for kids. Something that may eventually mean I leave the US.

I don’t know where you’re from or why you’re stuck in Denmark but the high taxes are just a shortcut to an easier life for all the benefits they give you. If you don’t value those then I agree it’s time to leave.

Two points a lot of people are missing here:

• it’s hard to build wealth in a country like Denmark. It’s easy to keep wealth in a country like Denmark.

• younger generations have zero guarantee that the money they pay now for insurance and retirement will actually benefit them once they need it.

Let me explain.

The inheritance tax is significantly lower than the income tax. Gifting tax between family members is 0%. Denmark as other European countries is a tax haven for people with rich parents. If op doesn’t have rich parents to inherent real estate from or get pre inheritance gifts he can only build the wealth himself but is taxed at a significantly higher rate. The tax system clearly favors those who are already wealthy and makes it virtually impossible to become wealthy.

Moving on the benefits. Yes benefits are great in countries like Denmark or neighboring EU countries, but as a young healthy, childless person op is only subsidizing these services for mainly old people at a fairly high premium. Denmark has an aging population and therefore a smaller group of young people has to subsidize the costs for retirement and health care for an increasingly old population. This might eventually not check out and there’s no guarantee that young generations will be able to expect that level of service once they’re ready to retire.

OP wants to be a rugged individualist; but can’t take a few dissonant comments ❄️🤡

Don't come to the UK. Your situation would be the same. That's my warning.

But this guy is on-pointe and always updates regularly : https://www.youtube.com/watch?v=26qp5zBatDA.

The quality of life here compared to Nordic countries is terrible. Poor healthcare, lots of tax - you don't see what the goverment does with tax. 5/10 for quality of life. Jobs are bad, housing is bad/ renting is abysmal. Cost of food is high. Bills are high.

You could come be a tourist for a week. But after that it really sucks. Desparate to get out!

Your "values" are that people living in small countries should be invaded and that their women and children should be slaughtered? Anything as long as it doesn't interfere with your pursuit of pleasure in the here and now.?

if you IT you can pay either 8,5% or 12% tax in Poland since 2021