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News Link • Economy - International

These Are The Nations With The Highest (And Lowest) Marginal Income Tax Rates

• https://www.zerohedge.com, by Tyler Durden

How differently do countries tax their citizens? Visual Capitalist's Pallavi Rao took a look at the top marginal individual income tax rates of nearly 150 countries to compare and contrast differences.

Of course there are limitations to the data. Only the highest portion of an individual's income is taxed at this rate, and brackets vary significantly on how much money falls into that pool.

Furthermore, property, sales, or other indirect taxes are not included. It also omits state, provincial, and municipal taxes

Ranked: Countries by their Highest Personal Income Tax Rate

Western European countries on average have the highest headline income tax rates in the world.

Per the source, seven countries have a 50%+ top rate, and six of those are in Europe, led by Denmark at 55.9%.

Rank Country ISO Code Headline Personal Income Tax Rate
1 ???????? Denmark DNK 55.9
2 ???????? Finland FIN 55
3 ???????? Luxembourg LUX 51
4 ???????? Austria AUT 50
5 ???????? Belgium BEL 50
6 ???????? Israel ISR 50
7 ???????? Slovenia SVN 50
8 ???????? Netherlands NLD 49.5
9 ???????? Portugal PRT 48
10 ???????? Norway NOR 47.4
11 ???????? Spain ESP 47
12 ???????? Switzerland CHE 45.5
13 ???????? Australia AUS 45
14 ???????? China CHN 45
15 ???????? Germany DEU 45
16 ???????? France FRA 45
17 ???????? UK GBR 45
18 ???????? Japan JPN 45