The highest income tax rates in the world
Following is the list of the top 50 highest individual income tax rates in the world. The list uses the highest marginal tax rate in the country as the rate. As of 2012, the U.S. was tied for 36th with 10 other countries, but when the highest rate was changed in 2013, the U.S. moved to 34th place, with a top marginal tax rate of 39.6%.
Rank
Country
2013
1
Aruba
58.95%
2
Sweden
56.6%
3
Denmark
55.56%
4
Netherlands
52%
4
Spain
52%
6
Finland
51.13%
7
Japan
50.84%
8
Austria
50%
8
Belgium
50%
8
Israel
50%
8
Slovenia
50%
12
Curacao
49%
13
Ireland
48%
13
Portugal
48%
15
Norway
47.8%
16
Zimbabwe
46.35%
17
Iceland
46.22%
18
Australia
45%
18
China
45%
18
France
45%
18
Germany
45%
18
United Kingdom
45%
23
Luxembourg
43.6%
24
Italy
43%
25
Greece
42%
25
Papua New Guinea
42%
27
Chile
40%
27
Croatia
40%
27
Gibraltar
40%
27
South Africa
40%
27
Switzerland
40%
27
Taiwan
40%
27
Uganda
40%
34
United States
39.6%
35
South Korea
38%
36
Namibia
37%
37
Argentina
35%
37
Barbados
35%
37
Cyprus
35%
37
Ecuador
35%
37
Malta
35%
37
Thailand
35%
37
Tunisia
35%
37
Turkey
35%
37
Vietnam
35%
37
Zambia
35%
47
Venezuela
34%
48
India
33.99%
49
Colombia
33%
49
New Zealand
33%
Source: KPMG.