Topskat in Denmark

Imagine yourself in the situation where you earn 750.000 kr a year (that’s insanely huge amounts of money – over twice the average wage).  You currently pay 15% “topskat” (highest level income tax) on what is over ca 500.000.  You now get to pay 10% on it instead, giving you lots of extra money for doing what you do now.  Do you:

a) continue as you were but enjoy having more money

b) work more

c) work less for the same money as before

d) not even notice any difference in your lifestyle.

Anyone who thinks b) is the answer is clearly deluded.  But that is the whole basis of LA’s government falling ultimatum.