Top 4 Countries With The Highest Income Tax Rate

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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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1 thought 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.

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