Top 4 Countries With The Highest Income Tax Rate


3. Denmark – 36.1%

In Denmark, the average individual will pay 45% in tax! Being a progressive system, the most an individual will pay is 55.8%. Some of this breaks down as $155 for social security, 27% or 42% on capital gains, 27% on dividends, 5% for healthcare, and 22.5%-27.8% in municipal tax. Church tax isn’t as high as Germany’s as it lies at .43% to 1.4%. This tax is also voluntary. Like other systems, charitable donations can be a tax deduction.


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5 thoughts on “Top 4 Countries With The Highest Income Tax Rate”

  1. Ha! I wish Sweden had as low tax rates as any of these countries. Not only does Sweden have the highest margin tax at close to 60%, Swedes also have to earn the least to reach the top bracket.

  2. Australia (not Austria) has the highest tax rate in the world being 49% plus 10% goods services tax, plus 100% fuel excise tax, plus upto 3% on the value od buying a house, plus 15% tax on retirement savings, on return schooling, hospital , medical doctors, government housing are for free or incur a small fee.

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