
News Link • Economy - International
These Are The Nations With The Highest (And Lowest) Marginal Income Tax Rates
• https://www.zerohedge.com, by Tyler DurdenHow 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%.
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 |