Tax for personal tax payers, 2004

Distinguishing between self-employed and employees and pensioners we find that self-employed had an average gross income of NOK 434 000, while the employees and pensioners had an average of NOK 264 400. Income deductions amounted to NOK 97 500 and NOK 62 000 respectively. Assessed taxes amounted to 27.4 per cent of gross income for self-employed and 24.1 per cent for employees and pensioners.

Less income deductions

Gross income increased by 3 per cent compared with the previous year, while income deductions decreased by 5 per cent. The decrease is mainly due to changes in interest paid, which was reduced from an average of NOK 18 100 in 2003 to NOK 13 700 in 2004. Average minimum deductions increased from NOK 37 100 in 2003 to NOK 40 700 in 2004.

More debt and more money in the bank

Average debt increased by 11 per cent in 2004 compared to the previous year. Adults had on average NOK 355 600 in debt and NOK 137 300 in bank deposits.

Gross income

3.7 million people had taxable gross income in 2004. Resident people 17 years and older constitute 3.5 million of these. In addition, foreigners owning property in Norway, or foreigners with a temporary employment are included. The statistics shows that almost all adult residents had gross income, and about 91 per cent had assessed taxes.

Income from owner occupied dwelling

Almost half of all adults had income from owner occupied dwelling. On average they had NOK 3 700 in income from the dwelling. This income is not computed from the income year 2005.

About the statistics

The statistics are based on the Directorate of Taxes' tax settlement, and include all people with assessed taxes to Norway. The self-employed are defines as all people with entrepreneurial income, entrepreneurial losses and/or estimated personal income from such business activities. For more information about the statistics, got to; About the statistics .

Tables:

• Table 1 Survey of tax assessment for residents 17 years and older. Employees and pensioners and also self-employed. 2003 and 2004
• Table 2 Main entries from the tax return for resident people 17 years and older. Employees and pensioners and also self-employed. Average in NOK. 2004 (Corrected 21 April 2006)
• Table 3 Main entries from the tax return for resident people 17 years and older. Employees and pensioners and also self-employed. Average in NOK. 2003
• Table 4 Income from own dwelling by sex, age and county for residents 17 years and older. 2003 and 2004
• Table 5 Average debt and interest paid by sex, age and county for residents 17 years and older. 2004
• Table 6 Average assessed taxes in per cent from gross income in different groups of income. Residents 17 years and older. 1999-2004