Due to a strong trade union movement, wages in Denmark are generally higher than in the United States. Negotiated minimum wage is approximately $16/hour.
Income tax in Denmark, however, is high by international standards, and ranges from 45% to a high 56%.
The flat-rate VAT in Denmark is 25%. Major exemptions from VAT are rents, medicine and newspapers.
The cost of living in Denmark is considerably higher than in the United States. Copenhagen is among the five most expensive cities in the world.