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Highest Taxed Countries

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Taxation Around the Globe

The question of taxing citizens' income is a complex issue that incites widespread debate in nations worldwide. An essential mechanism for governments to fund public spending on infrastructure, heath and education, the income taxation policies of a country reflect its socio-economic temperament and its commitment to providing public goods and services. Analyzing data on the top income tax rates levied across nations provides valuable insights into the intricate dynamics of global economics.

Key findings from the data include:

  • The Ivory Coast emerges as the highest taxed country, imposing an income tax of 60%, followed by Finland, Japan, Austria, and Denmark, each with a high income tax rate pegged at 55%.
  • European countries dominate the top of the list, with a major chunk of taxes being channelled into robust public services, including healthcare and education.
  • Surprisingly, despite being one of the most populous countries with one of the world's largest economies, the United States ranks 37th in terms of highest taxation rates, with a top federal income tax rate of 37%.
  • By contrast, Montenegro, Guatemala, and several other nations feature at the bottom of the list, having some of the lowest income tax rates globally, ranging from just 7% to 10%. 
  • A sizable income tax does not necessarily translate into high individual tax burdens, given the variations in tax regulations, deductions, exemptions, and the treatment of various types of income.

10 Highest Taxed Countries

The country imposing the highest income tax rate, as highlighted in our dataset, is Ivory Coast. Citizens of this West African nation navigate a sizeable income tax rate of a whopping 60%. Occupying the second rank is Finland, which has a substantially high income tax rate of 56%. 

Next in line are Japan, Austria, and Denmark, each imposing a hefty income tax rate of 55%. These nations effectively tie in the third position. The nation of Sweden and the island country of Aruba closely trail these countries with a weighty income tax rate of 52%. 

Completing the top 10 are Belgium, Israel, and Slovenia, all with income tax rates measuring half of a citizen's income at 50%. The tax structure in these nations is testament to their commitment to providing comprehensive public services.

10 Highest Taxed Countries:

  1. Ivory Coast - 60%
  2. Finland - 56%
  3. Japan - 55%
  4. Austria - 55%
  5. Denmark - 55%
  6. Sweden - 52%
  7. Aruba - 52%
  8. Belgium - 50%
  9. Israel - 50%
  10. Slovenia - 50%

By Country

Full Data Set

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Methodology