Excite

Highest tax rates in the world

You won’t see Monte Carlo in this list or the Cayman Islands because neither tax their rich inhabitants. Instead we bring you a list of the countries that sting their citizens with the highest income taxes. Tax rates differ so much depending on the person’s income so we’ve looked at average wages across the following nations.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

Belgium has a 42.80% income tax rate for their workers on the national average wage.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

German workers who earn the average amount for their nation are taxed at 39.90%.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

German workers who earn the average amount for their nation are taxed at 39.90%.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

In Denmark the tax rate is set at 38.90%.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

Hungarians on an average wage without tax benefits have to pay out 35% of their income.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

The Austrian government takes 34% tax from the average man in the street.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

The Austrian government takes 34% tax from the average man in the street.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

The next country on our list creates a jump in the income tax rate as Greek citizens are only charged 25.4% of their income.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

In the UK most workers are in the 24.90% bracket. The average wage of £26,000 means that workers in the UK can expect to pay over £6,474 per year in income tax to the treasury.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

Taxes in the USA are relatively low as the average for the home of the brave is just 22.70% income tax.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

Taxes in the USA are relatively low as the average for the home of the brave is just 22.70% income tax.

Tax avoidance and tax evasion difference

Photo: Wikimedia Commons

United Kingdom - Excite Network Copyright ©1995 - 2017