Countries with lower taxes and a better quality of living?
I’m currently stuck in Denmark, and it feels like I’m in a never ending financial tug of war with the government, saying goodbye to 50% of my hard earned cash each month. Add a 25% VAT on everything and throw in some hefty taxes on utilities, electricity etc, and you’ve got a situation that has me questioning if this is the life I signed up for.
Living in a place where the cold weather feels like an extra tax on happiness, I’m craving a change.
I’m all about individualism, self-sufficiency, and independence. So here’s the big question: Where in the world are you guys finding that sweet spot between low taxes and a great quality of life?
As I contemplate my escape plan, Cyprus, Portugal, and Dubai are on my radar. I dream of living in a country where taxes don’t feel like daylight robbery. But, and it’s a big ‘but,’ my online income isn’t quite flexing its muscles enough for a move to the streets of Dubai just yet.
So, where are you residing? What’s the tax scene like in your corner of the world? Are you doing a happy dance every payday, or are you, like me, wistfully staring at your bank statement, wondering where all your money went?
And let’s not forget the living conditions. On a scale of 1 to 10, how would you rate your overall quality of life?
I’m not just asking for my benefit, this is a collective quest for a better lifestyle.
Your input is greatly appreciated!
(Just to be crystal clear, I’m not fishing for a lecture on why I should be grateful for my current Danish situation or any unrelated personal opinions. If your input doesn’t contribute constructively, save it for another time.)
Let’s imagine you make 100k a year. You pay 50% in taxes, and then maybe 3k a month for rent food and whatever. You have 14k left for savings and investments. If you work for 45 more years, you might have a million saved up! Now you can enjoy retirement at 70!
Alternatively, you move to (Dubai, Cyprus, Bulgaria, etc) and pay 10% in taxes. Your rent is also probably a lot less. Now you are saving 60k a year. Your savings just quadrupled! In 15 years, you will have a million dollars invested, and you can retire at 40!
It’s clear to me that taxation is theft, and is a system for wage enslavement nowadays. They will take every penny they can, and waste it on enormous ineffeciency. Many countries offer reasonable, competitive tax rates, with good QoL, roads, health care, etc. The biggest lie we’ve been told is that paying half your salary is fair, necessary, or the moral thing to do