Here Are The Countries With The Highest Income Tax Rate

Last Updated on January 7, 2021

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Germany: 39.7%

Germany

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Germany is also a progressive tax system, which means the taxes earners who are within the top bracket give 39.7% for employment wages, capital gains, investments/savings, and business ownership. Plus, and oddly enough, the church tax of Germany is 8% to 9%.

However, even the taxes are high, but Germany offers free tuition. Plus, tax payers are insured for healthcare with a certain % of their pay that put toward insurance.

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Belgium: 42.0%

Belgium

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The economy of Belgium is a progressive tax system, and when the individual has a high income, then he/she will pay more in tax. People in top tax bracket are obligated to pay 50% of their income, and that’s not including social security. As for that, they will pay 13.07% from their income.

An individual can still deduct some social contributions and business expenses from the taxes, but in general, Belgium is the country with the highest income tax in the world!

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