12 Countries With The Highest & Lowest Tax Rates

The Lowest Tax Rates – Switzerland

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  1. Nicholas's Gravatar Comment by Nicholas on February 4th, 2010 at 3:40 pm

    I’m sorry. This article is just incorrect.

    Is it meant to read High & Low, instead of Highest & Lowest?

    Please retract the article or change it. It is very misleading.

  2. 4liberty's Gravatar Comment by 4liberty on February 4th, 2010 at 4:14 pm

    This is total b.s. Read the link below it explains what ” marginal taxes” are. And that they don’t include sales tax and star tax.
    We are taxed more than any county overall and don’t let anti American propiganda convince you otherwise.

    http://www.econlib.org/library/Enc/MarginalTaxRates.html

  3. Jim Jones's Gravatar Comment by Jim Jones on February 4th, 2010 at 4:14 pm

    Fascinating list. I would like to see how cost of living factors in, but nonetheless.
    http://jimasks.me/is-the-primary-purpose-of-the-prison-system-to-punish-criminals-or-rehabilitate-them

  4. Phil's Gravatar Comment by Phil on February 4th, 2010 at 4:21 pm

    Being a tax accountant in the USA, I can very safely say that the highest marginal tax rate in the USA is NOT 27%.

    It is actually 35% soon to be 39.6%. Very misleading article.

  5. Steve's Gravatar Comment by Steve on February 4th, 2010 at 4:23 pm

    How can Switzerland and the USA both have the 7th highest GDP per capita?

  6. Alexander Burns's Gravatar Comment by Alexander Burns on February 4th, 2010 at 4:29 pm

    Misleading title, selective sampling and no consideration of services provided.

  7. Alex's Gravatar Comment by Alex on February 4th, 2010 at 4:42 pm

    “the economic vitality and high standards of living in the U.S. speak for themselves.” – Say what?

    “The United States boasts the 7th highest GPD per capita in the world” – Just the 7th?

    “the United States and its relatively low tax rates offer the best of both worlds — reasonable social safety nets,” – social safety nets?

    “and extraordinary economic capacity stemming from essentially free market policies.” – yeah, like being laid off without any social safety net to speak off.

    By the way, some of the lowest income taxes are in Russia. I believe it’s like 13% flat.

  8. Tony's Gravatar Comment by Tony on February 4th, 2010 at 4:45 pm

    Sorry, but New Zealand has relatively low tax rates. Probably lower than the States too:

    http://www.ird.govt.nz/how-to/taxrates-codes/itaxsalaryandwage-incometaxrates.html

  9. Daniel Parker's Gravatar Comment by Daniel Parker on February 4th, 2010 at 4:59 pm

    Not sure how I was paying 48% tax in Canada and 19% tax in USA makes Canada a low tax area. This article is B.S at it’s very best.

  10. Alex's Gravatar Comment by Alex on February 4th, 2010 at 5:11 pm

    “All told, London continues to offer one of the higher standards of living in the world, owing in part to its relatively low taxes and focus on economic growth.” – I bet it’s cheap to live there, too.

  11. CK's Gravatar Comment by CK on February 4th, 2010 at 5:19 pm

    Singapore has lower tax rates than all the ‘LOWEST’ you have listed. Their maximum is 20%.
    -CK

  12. Daniel's Gravatar Comment by Daniel on February 4th, 2010 at 6:15 pm

    Did the author actually conduct any kind of research?
    This article might be accurate if he’s limiting the scope of the comparison to countries in Europe & North America only. Has he compared tax rates of countries such as Singapore or Hong Kong?

  13. anony's Gravatar Comment by anony on February 4th, 2010 at 6:18 pm

    you guys need to check out HK’s tax rate

  14. Dr. Kervokian's Gravatar Comment by Dr. Kervokian on February 4th, 2010 at 6:55 pm

    The author has pretty much selected top GDP/Per Capita nations for comparison, a relatively misleading note on highest vs. lowest taxed nation.

    Perhaps the statement above should be inserted first.

  15. Tony's Gravatar Comment by Tony on February 4th, 2010 at 7:00 pm

    “All told, London continues to offer one of the higher standards of living in the world, owing in part to its relatively low taxes and focus on economic growth.” – I bet it’s cheap to live there, too.

    Bwahahahaha…Ummm, it’s the 2nd most expensive city to live in.

  16. Tokidoki's Gravatar Comment by Tokidoki on February 4th, 2010 at 8:00 pm

    This post is incredibly superficial, uses a very selective sample, data are WRONG and comments from various non homogeneous sources incoherently “copied and pasted” end up in risible conclusions. It does not even mention other taxes, sometime very important to expats, like capital gains. Singapore=0%, Hong Kong=0%, Switzerland=0%, Germany (shares held >1 year)=0%, Italy=flat 12.5%…sorry for you if you reside in the supposedly low tax countries of US, Australia, Canada (unless you have an immigrant trust) and UK (unless you are non domiciled)

  17. Sam's Gravatar Comment by Sam on February 4th, 2010 at 11:13 pm

    What a bunch of poop. Highest tax rate in US in 35%. And the tax rate in UK tops at 50%…

  18. Mike's Gravatar Comment by Mike on February 5th, 2010 at 12:34 am

    This list fails, even if you are doing “industrialized” or first world countries.

    The lowest tax rate above pales in comparison to the 15% Salaries Only tax leveled in Hong Kong (technically its own jurisdiction)- this is even lower than Singapore’s 20%.

    Do some research next time guys.

  19. Ron's Gravatar Comment by Ron on February 5th, 2010 at 1:55 am

    No question, there were a couple errors in this article. (The USA and Switzerland can’t BOTH have the 7th highest GDP – come on now!) However, many of these comments are just splitting hairs without adding anything meaningful to the discussion.

    For instance:

    “Being a tax accountant in the USA, I can very safely say that the highest marginal tax rate in the USA is NOT 27%.It is actually 35% soon to be 39.6%. Very misleading article.”

    True, 27% isn’t the highest, but the author didn’t say it was the highest. It says 27% is the rate assessed on *average income workers*. Reading comprehension goes a long way!

    Or how about this guy:

    “Not sure how I was paying 48% tax in Canada and 19% tax in USA makes Canada a low tax area. This article is B.S at it’s very best.”

    Again, the author is clearly citing the rates assessed to *average* income workers in these nations. The fact that you personally got taxed at 48% in Canada doesn’t make the article “B.S. at its very best” – read what it actually said.

    Finally, this comment:

    “This is total b.s. Read the link below it explains what ” marginal taxes” are. And that they don’t include sales tax and star tax.”

    Did the author claim to be discussing sales or star taxes? No. Now, one could argue that those taxes ought to be discussed in an article like this, but it was more or less clear from the outset that *income* taxes were being discussed, not sales taxes, so it’s not as if the author claimed marginal tax rates included sales or star taxes and then deceived you because they don’t include them.

    All in all, I understand some criticism here regarding purely factual mistakes, but this article is nowhere near as bad as some of these commenters allege. The author should’ve clarified that marginal rates on average income workers were being used as the basis for the piece, and a good deal of the complainers should’ve paid attention before complaining.

  20. Limuzine's Gravatar Comment by Limuzine on February 5th, 2010 at 4:27 am

    Nice to see that there are other countries ahead of mine (Croatia) that have higher taxes…

  21. Richard DeHavillande's Gravatar Comment by Richard DeHavillande on February 5th, 2010 at 10:30 am

    Interesting article as far as it goes but what would be more interesting is overall tax burdens and cost of living.

  22. Anoni's Gravatar Comment by Anoni on February 5th, 2010 at 10:43 am

    In Québec/Canada we pay a max of 52% past 50K or about annual income and sales taxes combined federal + provincial mount to 12.88%.

    Not the cheapest please to live.

  23. Dave's Gravatar Comment by Dave on February 5th, 2010 at 10:46 am

    Phil says, “Being a tax accountant in the USA, I can very safely say that the highest marginal tax rate in the USA is NOT 27%. It is actually 35% soon to be 39.6%. Very misleading article.”

    Being literate, I can very safely say that the article did not state that the highest marginal tax rate in the USA is 27%. It said that the “average” worker’s marginal tax rate is 27%. That’s a pretty big oversight for a tax accountant to make.

    In any case, this article is indeed worthless because it does not consider the total taxation of the people, which in the United States comes primarily through inflation. In a single lifetime, inflation has stolen 93% of the purchasing power of the dollar. It punishes savers and anyone who owns dollar-backed equities like US stocks, bonds, and CDs.

    In my personal experience, I’ve estimated that inflation adds another 40% tax of my income. And the longer I save money (in order to make a big purchase like a house), the worse that rate becomes.

  24. Dan's Gravatar Comment by Dan on February 5th, 2010 at 10:47 am

    Maybe the UK has a marginal tax rate of 32%, but the universal healthcare the article is boasting of is funded in part by the additional, mandatory tax known as “National Insurance”, currently 12.5%. No, the UK is not cheap.

  25. John Doe's Gravatar Comment by John Doe on February 5th, 2010 at 10:55 am

    Erm, how about countries with NO tax.

    E.g: Brunei, Middle Eastern Countries.

    Funny thing, all the countries listed above are so called “white” countries, except Japan.

  26. Alex's Gravatar Comment by Alex on February 5th, 2010 at 11:09 am

    I am not a tax accountant and can’t comment on that part. However, this article is not purely factual. It contains all sorts of conclusions and implications about standards of living, social safety nets, economic viability and all that based on marginal tax rates. I believe it presents an overall misleading picture. I live in Boston, USA and make decent money and pay big taxes. Not to mention, school loans and health care out of pocket expenses that run in hundreds of dollars a month. One of my biggest fears is to lose my job and leave my two children without insurance. The cost of leaving needs to be factoed in, too.

  27. Ron's Gravatar Comment by Ron on February 5th, 2010 at 11:25 am

    So the article is misleading in general… because of student loans that you pesronally took on and because the U.S. doesn’t have universal healthcare? Sounds more like gripes you have with the country than the factual basis of the article.

    You’re right – an article that sweepingly accounts for income taxes on every possible income level, sales taxes, corporate taxes, inflation, cost of living, national debt, fiat currency, presence or absence of government healthcare and all the innumerable factors that go into a country’s standard of living…. and definitively ranks the highest and lowest tax nations… would be cool. It would also be long enough to fill a scholarly paper in an academic journal. It looks like for brevity and consistency’s sake the author chose median income tax rates on average income workers. You’re free to disagree with that choice, but it’s lame and childish to call it “B.S.” and “misleading” especially when A) many of you didn’t even fully read what you are complaining about and B) the author didn’t claim to incorporate many of the things you bash the article for not incorporating.

    Hell, the title says “tax rates.”

  28. Adam's Gravatar Comment by Adam on February 5th, 2010 at 11:28 am

    What a piece of garbage by the author of this article. Canada has ‘struggled’ in the economic depression? Really? Canada was the first G7 country to exit recession, has not had a single bank failure OR even a need to bail out banks. Our unemployment rate has been relatively steady and is much lower than the US. This in spite of the fact that 85% of our trade is with the US, which had a massive economic failure.

  29. smith's Gravatar Comment by smith on February 5th, 2010 at 12:42 pm

    HK has a flat rate ~17% and no sales tax, except for hotels and booze imports.

  30. Alex's Gravatar Comment by Alex on February 5th, 2010 at 6:14 pm

    “So the article is misleading in general… because of student loans that you pesronally took on and because the U.S. doesn’t have universal healthcare?”

    What do you call it? It clearly suggests that if a tax rate is low the country will be economically viable with a high standard of living and social safety nets. That’s propaganda and as all propaganda it is misleading.

  31. Ron's Gravatar Comment by Ron on February 6th, 2010 at 2:04 pm

    It doesn’t suggest that at all. It says that the U.S. has relatively low income tax rates on average income workers, a high standard of living (supported by highest income per hour worked statistics) and reasonable safety nets like Social Security, Medicare, etc. The article doesn’t say there is necessarily a *causal relationship* between those things… it simply states that they co-exist with each other. So how is it propaganda if everything actually stated (as opposed to implied by you) is incontestably true?

  32. Alex's Gravatar Comment by Alex on February 6th, 2010 at 9:19 pm

    If it had said there was a causal relationship it would have been a lie. I am not saying it is lying, it just simply serves up certain cherry picked information in a context of a “research” article on low taxation. The purpose is pretty transparent – to propagate low taxation. Plus, contrary to what you say, such words as “reasonable” social safety nets and “high” standards of living may definitely be disputed. Just because Mexicans, South Americans and Haitians trip all over themselves to come here does not mean it is freaking heaven over here. I am from the former USSR, by the way, and this article reminds me of how BS was being fed there about that country. It paints a rosy picture without acknowledging any negative sides whatsoever.

  33. Ron's Gravatar Comment by Ron on February 7th, 2010 at 2:18 am

    I see your point, but can you tell me where heaven on earth is? That’s sort of a straw man argument. Of course the U.S. isn’t perfect. But if your argument is that millions of people who leave the countries of their birth, their families, their cultural heritage and whatever other ties they have to come here aren’t evidence of something desirable about the United States then you are sticking your head in the sand. Pointing out this obvious fact shouldn’t be conflated with claiming the U.S. is perfect.

    As for the alleged bias of the article. I don’t see it as being propaganda. It acknowledges several shortcomings of the low-tax nations, including Japan’s high debt, reduced growth forecasts for Canada and how the unemployment rate in several high-tax countries is currently lower than the U.S. It isn’t like the author described each country in two dimensional “this country is great, this country sucks” terms depending on how high the taxes are. Isn’t it possible that maybe (just maybe) countries with lower taxes often DO have higher standards of living and more economic growth? Or is the malign intent of the author the only possible explanation for the picture that emerged?

  34. Alex's Gravatar Comment by Alex on February 7th, 2010 at 2:40 am

    People come here because this country offers a vastly better standrard of living than in many other countries. That is undisputed. However, whether that automatically qualifies as a “high” standard of living I am not so sure. Perhaps I misread the article, but it is consistent with certain ideological movement in this country that equates lower taxes with all those goodies described in the article.

  35. Ron's Gravatar Comment by Ron on February 7th, 2010 at 12:16 pm

    I agree with you that the article perhaps bit off a bigger question than it could chew in the space allotted for it. More factors would have to be considered for a truly definitive ranking. Regarding high standards of living, an economist might ask: “high compared to what?” Sure, we can always imagine something better than the actual alternatives in the real world. The U.S. is hardly perfect and isn’t better economically than every other country in every possible way. My only point was that if we’re comparing it to many of the countries that have confronted us throughout human history and many that exist today, it offers people a pretty good deal. I could give you my own laundry list of things it needs to do better, and we might agree on more of them than you’d expect.

  36. Alex's Gravatar Comment by Alex on February 7th, 2010 at 5:55 pm

    Here is an example. George Will writes today in WP: “Under him, Indiana property taxes have been cut 30 percent, and for the first time Standard & Poor’s has raised the state’s credit rating to AAA.” Ok both statements may be literally true, but why are they in the same sentence? I did a quick search and here is what I found:

    “These ratings reaffirm that Indiana is in far better fiscal shape than many other states because we continue to carefully manage our spending and maintain a reserve,” said Ryan Kitchell, director of the Office of Management and Budget.

    Ok so there is more to the story than cutting taxes? Or not? Just disclose all relevant facts and let readers decide.

  37. Ron's Gravatar Comment by Ron on February 7th, 2010 at 7:20 pm

    That’s a good point. In fact, one of my biggest gripes with Ronald Reagan (whom I like in general) was that he cut taxes without also cutting spending and exercising fiscal discipline. You need both to get prosperity without deficits. However, it’s also true that if the article simply mentioned careful spending and ignored the low taxes, it would also be incomplete. So you’re right, both sides of that story need to be told.

  38. Dee's Gravatar Comment by Dee on February 11th, 2010 at 6:24 am

    You, Mr. Author, have no clue what you are talking about.
    The bit about Italy tastes of stupid so strong I had to get a drink of water.

    a) Naturally, this segment of the population is not participating in economic growth by having their own homes or apartments, utility bills, and the like.

    Yeee-es, economic growth is based on paying more rents, more bills, and taking mortgages. Let’s all move out of our parents’ place and create more debt. Are you mad ?

    b) The case could be made that overly generous government benefits have softened the population’s will to work.

    There are no overly generous government benefits. In fact you seem to misunderstand what you yourself quote, which says that people can’t afford to move out of their parents’ home, which is what made the government “toy with the option of a tax incentive”.

    I know this is the internet, but garbage is garbage.

    Regards

  39. scheduling software's Gravatar Comment by scheduling software on February 13th, 2010 at 10:00 am

    Delaware & Nevada help keep the US on the bottom 5 list. Depending on what state you’re in, you could actually be on the top 5.

  40. pissed off american's Gravatar Comment by pissed off american on February 13th, 2010 at 11:24 am

    I dont think the usa goverment gets it….the more they raise taxes the more the people start talking about a revolution i hear it all the time people are sick of politicians in the white house…if i could i would surrender my citizenship and ask to be deported before the revolution starts i have no respect 4 uncle sam the dishonest goverment in the world this country is on a path of self-destruction and im not going down with it im out of here as soon as it starts kiss my white american ass olamna i can go on on but whats the point………………… have a great day

  41. Dani's Gravatar Comment by Dani on March 1st, 2010 at 10:06 am

    This only considers western countries right? I would imagine that developing countries have lower taxes…

  42. broke stick's Gravatar Comment by broke stick on March 15th, 2010 at 5:35 pm

    This article does not get specific enough about a few things in some other countries, including the USA. I saw another related article showing the USA having the 14th highest tax rate among industrialized countries. However, this article fails to mention that almost everybody in the US has an adjusted tax rate that is based on what you paid in taxes after you filed a return. No matter how rich you are, your adjusted tax in the USA is between 16.5 and 19 percent. But I would guess that if the US keeps losing jobs to China and other countries who employ children to do the work for little or no pay, the US will cease to be regarded as an industrialized country.

  43. mark salek's Gravatar Comment by mark salek on March 24th, 2010 at 12:02 am

    THE CZECH REPUBLIC HAS THE LOWEST PERSONAL AND CORPORATE TAX RATE IN EUROPE. YOU DON’T EVEN LIST THEM. SO MUCH FOR RESEARCH.

  44. Ken's Gravatar Comment by Ken on April 2nd, 2010 at 3:49 pm

    On the day I was born they began to:

    Tax my earth. Tax my birth. Tax the land you say I own. Tax the home I think I own. Tax the door. Tax the walkway to that door. Penalize more taxes to that home should I repair some stone. Tax the right to own, a fee to roam, for it’s not long to have that home.

    Tax my bed. Tax my table, at which I am fed. Tax me deep for I need not sleep. Tax my car. Tax the fuels of my anger, for you have taxed all others so to add employment for your brothers.

    Tax my cat. Tax my dog. Tax my shoes. Tax my coat with no regret. You have managed to tax my goat. Tax the young. Tax the tired. Tax the cold, for all those taxes wont grow old. Tax my tea, there’s no plea no voice for joy, only a speechless ploy. Go ahead and squeeze me for much much more.

    Tax my truck. Tax the plates I place upon that truck. Tax it heavy, just like a mule. Tax it equal to the load It carries , no need to enter school., but teach me that taxes are the rule. Tax you must, don’t pass an attempt to attach another tax to say you must, so now comes the time to tax my ass.

    Tax my work. Tax my new blue jeans I wore to work. Tax my pay, and allow no time to play. Allow me to work all day for taxes are all I need to pay. I have no time to spend one dime from all the taxes you say are mine. Remove from my paycheck, and send me back what you cannot spend, I will accept this abuse, for what’s the use ? You will give those taxes you say are mine to the wealthy so they stay healthy.

    Tax my tobacco, along with the sins of my drink. Tax the smell of my cigars, and the beer I burp, and should I cry, have no fear to tax my tears. Tax me in a blink, should I decide to think. I hate to play, so make me pay. More taxes are here to stay. Tax the short. Tax the tall. Tax us all, and don’t throw sticks, tax the sick, no matter if they cry tell them taxes never die.

    Tax the old. It will be bold. I’ve been told I too am growing old. Those few hours I now work, still new taxes are un-corked. I need no place to land, as it stands I was sent a fax, my work was given the ax. Should I holler and scream, and lose some steam, don’t arrest I need some rest. Don’t place me in a cage, just blame it on my age.

    Tax any and all I have, then let me know that you wont be done, as you have taxed me to the bone. Then when all is said and done, tax my coffin, and to satisfy your crave, by all means tax my grave.

    Tax the sod in which I am laid. Place these words upon my tomb, “ Taxes carted my dumb ass here, and I no longer have the time to play nor means to pay.” I am gone, it’s not long to max the tax on my death, so I leave you this request. You a need a tomb for taxes, as the rich are rich enough and the poor are poor enough, and your voices not loud enough. When your voices are un-employed, work may be the least of your worries. You will need to work – work – work more hours as they will not relax the tax, so my last advice is to take ex-lax . THEY WILL NOT LET YOU PASS, YOU TOO WILL TAKE IT IN THE ASS!

    What do Politicians, hot air and taxes have in common? Politicians are full of hot air and taxes always rise. Do you know the difference between the acronyms of IRS and KGB? Only the spelling.

    Sincerely;

    Kenneth E. Sanders

  45. Daniel Hughes's Gravatar Comment by Daniel Hughes on August 8th, 2010 at 3:20 am

    This is the least researched article I have ever seen, totally misleading and innacurate.

  46. ´marshall's Gravatar Comment by ´marshall on August 9th, 2010 at 3:32 am

    The czech republic has the lowest corporate and personal income tax in europe. 15 % flat tax individuals and 19% corporate. VAT is 19% consistant with most european countries. The are the “Detroit” of europe with 5 automobile manufacturing companies producing cars.

  47. Cliff Adams's Gravatar Comment by Cliff Adams on August 9th, 2010 at 1:14 pm

    I certainly hope that our intrepid business pundit was being tung-in-cheek in his paragraph on Switzerland when he quoted Times Online:

    “Contrary to general assumptions, the Times explains, Switzerland has found a way to maintain a high standard of living alongside an extremely low personal income tax rate.”

    It is “generally assumed” that high tax rates are necessary for the people to maintain a high standard of living? Is that a typo, or is the Times Online on drugs?

    And then Business Week: “Switzerland’s low tax rates have not stopped it from having some of the leading universities in the world, a highly educated work force and less than 3% unemployment as of 2009.” “Not stopped it”?!? Perhaps the business pundit only quotes dyslexic sources.

    By the way, the country with the lowest tax rate is Saudi Arabia, with 2-3%, collected voluntarily. Most people donate the 2-3%. Even the Swiss could learn something from the Saudi’s.

  48. Sue's Gravatar Comment by Sue on August 24th, 2010 at 1:10 am

    The writer should be fired for such a sham of an articles. Please research and check the facts. Singapore corporate tax is 17% and personal tax max 25%. I don’t see Singapore anywhere on this list. How on earth Australia made this list? I almost feel off my chair laughing. I declined a position down under after my University education and move to Asia simply because the Australian tax is too damn high. I got less per annum renumeration in Asia but far more $$$$ in the bank because I pay less tax.

  49. EK's Gravatar Comment by EK on September 6th, 2010 at 10:47 pm

    Check this out. Tenths of nation with tax lower than 20%

    http://en.wikipedia.org/wiki/Tax_rates_around_the_world

  50. cyril.R's Gravatar Comment by cyril.R on September 18th, 2010 at 12:35 am

    fendastic

  51. Escape Hunter's Gravatar Comment by Escape Hunter on October 4th, 2010 at 3:26 pm

    I heard Singapore and Hong Kong were tax havens, now only Hong Kong is on the list.
    Russia has 13 %, Macedonia 10 % income and corporate tax. Strange…

  52. Schedule's Gravatar Comment by Schedule on October 29th, 2010 at 9:37 pm

    You you could edit the webpage name 12 Countries With The Highest & Lowest Tax Rates | Business Pundit to something more catching for your webpage you create. I loved the post nevertheless.

  53. Jonathan's Gravatar Comment by Jonathan on November 1st, 2010 at 12:28 pm

    It would be nice, when doing research, to not encounter an article that isn’t completely and hopelessly biased. Guess I’ll have to keep looking…

  54. Kaz's Gravatar Comment by Kaz on November 18th, 2010 at 4:43 am

    One word for this article; nonsense!

  55. mimi's Gravatar Comment by mimi on November 23rd, 2010 at 5:48 am

    Not sure why the United Arab Emirates is not listed here but according to Wikipedia it is the country with the lowest Taxation rate:
    http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenue_as_percentage_of_GDP

    The highests would be Kribati, Denmark and Sweden
    This post is useless!

  56. Joe's Gravatar Comment by Joe on December 8th, 2010 at 6:54 am

    It’s funny how some of these stats are from 2006, some from 2009. As seen in the U.S. alot can happen to your economy in 3 years. Unemployment increase, housing market crash. I lived in Italy for 5 years and young men live with their family because that’s what Italians have been doing for decades, they center their lives on family not work. They enjoy life, and seemed to have less stress.

    agreed this article lacks in every aspect. I don’t have a big issue with taxes, but wasteful government spending on the other hand is a problem.

  57. dude's Gravatar Comment by dude on December 16th, 2010 at 4:47 am

    The author is ignorant. US income tax is based on a combination of FEDERAL plus STATE income tax. WHile 4 states have 0% income tax rates, the majority of Americans end up paying an additional 6-10% of their income to the states in income taxes (not to mention property tax, capital gains tax, sales tax, estate tax, registration fees, etc.)!

  58. foo's Gravatar Comment by foo on December 30th, 2010 at 7:52 pm

    American tax rate in california for a average worker

    federal: 32%
    state: 10%
    SS: 7%
    Disability: 2%
    total: 51% THE HIGHEST IN THE WORLD

    for independent workers, add another 7% social security tax

    Total: 59% TAX
    BEYOND THE HIGHEST IN THE WORLD

  59. Syed Arbab Ahmed's Gravatar Comment by Syed Arbab Ahmed on January 4th, 2011 at 3:29 am

    Did the writer forgot the name of Pakistan?

    Pakistan’s foreign tax returns, which currently are equal to 10.2% of gross domestic product, one of the world’s lowest ratios.
    http://online.wsj.com/article/SB10001424052748704835504576059621949090978.html?mod=rss_asia_whats_news&utm_source=twitterfeed&utm_medium=twitter

  60. CameoWalkin's Gravatar Comment by CameoWalkin on January 8th, 2011 at 4:01 pm

    What useless and self-serving data you serve up. The USA is depicted as the lowest-taxed country — but nothing lower than the USA]s percentages are even mentioned? How does that help those of us seeking a better currency exchange rate and better tax options, in a somewhat safe, urban to semi-urban setting, where English is spoken, if not the main language?

  61. Tori's Gravatar Comment by Tori on January 15th, 2011 at 1:14 pm

    To Pissed Off American – good riddance, don’t let the door hit you on the way out. Bet you are on Social Security or getting disability, government programs I might add. Be sure to inform us what country you end up in, if they let you in.

  62. john doe's Gravatar Comment by john doe on January 20th, 2011 at 12:50 pm

    What BS this article is.

    Look like written by a 9th grade student thst copy/pasted from CIA World “Factbook”

    First the tax brackets are all wrong… Canada low taxes on personal income ROTFL!

    And please when you look at GDP use the PPP and don’t mix the numbers to twist the truth.

    LAst and not least, it is not only the tax rate that matter but the COST OF LIFE and the SERVICES the country is providing.

    In Finland they might have higher taxes but free healthcare, good quality public school, childcare services etc…

    It is ok to pay more taxes for more services and many place you pay a little less taxes for MUCH LESS services

    Overall a very crappy article

  63. BigSoph's Gravatar Comment by BigSoph on January 31st, 2011 at 2:50 pm

    Canada gets nailed with federal income tax, harmonized sales tax, provincial income tax (55%) of federal and various municipal taxes

    All told, tax freedom day in Canada is now in late June (August at the earliest of the NDP ever formed a government)

    We are NOT low tax

  64. selena's Gravatar Comment by selena on January 31st, 2011 at 5:51 pm

    well, let’s remain positive: at least the writers are 100% clear about their objective: convincing everybody that ‘low taxes lead to higher growth’. just to bad that even after manipulating numbers and a lot of suggestive phrasing they still fail to convince me (and presumably most other readers).
    if anything this article makes some strong arguments for the other side: that high taxes are beneficial to most countries, proven by all those western-european countries that have ‘high taxes’ but are still outperforming the rest of the world. india or china f.i. with all their people and resources have a total economic weight (GDP)that is comparable to countries only a fraction their size. the reason the G7 is so euro-centric is not tradition, it’s because tiny little europe is doing pretty well economically.

    as for swiss: it’s a tax-haven. that’s how they can have low tax-percentages but still raise lots of tax-money.
    the united states?: one of the ways they raise money is by insuring the dollar is the international currency (like attacking iraq when they switched to euro’s), thereby imposing a *tax* on any country that needs dollars for international trading.

  65. Ken's Gravatar Comment by Ken on February 1st, 2011 at 1:01 am

    Brunei has no tax.

  66. Chris's Gravatar Comment by Chris on February 18th, 2011 at 8:25 pm

    Man you guys bitch alot. don’t want to pay taxes?
    move to the Congo.

  67. KB0001's Gravatar Comment by KB0001 on February 21st, 2011 at 12:24 am

    How is this article allowed to be posted/printed. This was written obviously to show that anyone can manipulate figures or rather only use figures that supports the writer’s opinion. Sort of like when Gore came up with his global warming stuff, (right around the time when he claimed to be the creator of the web). There should be a BS detecting company (a third party company) that must be used by all newspapers mags, corporate Internet posting…etc. That limits the ability to print/post data. Or not free speech and all.. Take it light
    –KB

  68. Loz's Gravatar Comment by Loz on February 23rd, 2011 at 3:13 am

    Julia* Gillard is Australia’s PM, please correct this ;-)

  69. chrisboote's Gravatar Comment by chrisboote on February 23rd, 2011 at 9:40 am

    Surely Monaco, with a zero marginal rate of income tax should be up there at the top?

  70. Danny's Gravatar Comment by Danny on March 1st, 2011 at 5:05 pm

    Talking about PER CAPITA.

  71. larry e's Gravatar Comment by larry e on March 4th, 2011 at 8:15 pm

    “Canada is taxed in a manner similar to that of the United States, imposing a 31.2% marginal tax rate on average income workers………” Total bullshit.
    I live in Canada, and while the federal tax may indeed top out at 31% (I dont know), I DO know that each province in Canada will hit you with their own tax, to get you much much closer to 50%, then municipal taxes (I pay about $5000 per year on my home), then gasoline and the thousand other taxes. I almost forgot the 5% GST (goods and services tax, with which the government of canada has made each and every business owner into a tax collector for the government………..AND with which even if you have a money losing business in Canada, the government will take the first 5% “off the top” of your revenue before you even get close to break even.

    I would have to put the government share of peoples income in Canada at closer to 60% to 70% depending on whose numbers you want to use. It is definitely NOT the country with economic freedom for its citizens as an underlying desire. I will not even tell you about the fraud of the five banks who have a near monopoly in Canada. Canada is a “skim” country. We have $17 million (total annual budget) to spend on the RCMP fraud cops, and we have not prosecuted one large scale fraudster yet. NOT ONE. Investor Beware of Canada. Fraudsters Protected.

  72. ROC's Gravatar Comment by ROC on March 10th, 2011 at 10:11 am

    As great as the U.S. is, when looking at the tax structure, we also offer less services than any of these countries listed. Something to consider…

  73. Patrik's Gravatar Comment by Patrik on March 19th, 2011 at 12:42 pm

    This has to be an extremely generalized example? I mean, after all it’s different fron county to county. For instance, a woman I used to talk to from Nashville TN, and she said (if she’s not lying that is) that the taxes are extremely low there. And same goes for Norway wich has a generalized (while we’re at it) tax rate of 25-29%, and are not on the list. But still, depends on the county you live in. I don’t really believe this article at all.

  74. Patrik's Gravatar Comment by Patrik on March 19th, 2011 at 12:49 pm

    Taxes.. We all get spooned by the government and we accept it.. Blindness is among us all. The government haven’t given me anything back. Freedom? To do what? Buy stuff wich also is taxed, buy a house and be part owner with the government who also sells what nature gave us for free. No I’m not a hippie, just a realist.

  75. Brian's Gravatar Comment by Brian on April 12th, 2011 at 4:59 pm

    I realize I’m late to the conversation, but this author is just plain wrong. I don’t even know where to begin other than to say he/she isn’t qualified to write.

  76. Ms Ann thrope's Gravatar Comment by Ms Ann thrope on April 18th, 2011 at 7:47 pm

    What a load of bollocks…Australia low tax? While we have 35% personal income tax we also have 10% GST + tons of hidden taxes (local council land rates, govt charges for everything, high petrol tax, alcohol taxes, car taxes etc)….add them all up and we pay around 65% tax or more…and the stupid b!tch that runs the place is about to introduce another massive tax for carbon

  77. Clay's Gravatar Comment by Clay on April 23rd, 2011 at 9:10 pm

    haha! who the f____ wrote this! Bermuda has NO INCOME TAX! and AMERICA HAD NO INCOME TAX BEFORE WWI. I am suspicious…there is no way you are that dumb, so my only reasonable conclusion to draw is that for whatever reason you are trying to boost up the English decent western ruling countries (USA, Canada, UK, Australia, etc)

  78. stan's Gravatar Comment by stan on August 10th, 2011 at 4:55 am

    in uk a slave will pay : minimum 20% income tax (above 37000 is 40%) , 12 nino , 10 nino again (company pays for you ), 20% vat (sale tax) , tabaco tax ,fuel tax ,property tax,alchool tax,birocratic tax..etc
    from every 1000 £ aprox. 65 % will end up in the aristocracy hands….
    we have a ,,fair” sistem and ,,social security”…LOL..stupid people….you just have to find them :) ..
    ps:and the fiat s@..t toilet paper (currency) will tax you about 3-5% every year (aka steal from you).we had times when it was 20%…

  79. Aborn's Gravatar Comment by Aborn on January 31st, 2012 at 11:17 pm

    cool. nice propoganda. strange how when taxes went up in the US in the early 90′s the economy went through the roof, and the opposite happened directly after the Bush tax cuts.

  80. Pareen's Gravatar Comment by Pareen on February 7th, 2012 at 3:49 am

    How idiotic. Where is Dubai? No tax at all.

    And the author says US has a low tax rate. Hah!!!

  81. Dan's Gravatar Comment by Dan on February 8th, 2012 at 9:39 am

    And this article demonstrates there isn’t even a correlation between tax rates and GDP per capita.

  82. Citizen's Gravatar Comment by Citizen on February 8th, 2012 at 6:38 pm

    The highest Australian tax rate is 47% and it kicks in at an annual salary of $180,000, on top of that we pay 10% GST, and stamp duty on most purchases, a 1.5% medicare levy and forced private insurance on top, and if that was not enough we have additional state and local government taxes. The socialist Australian Government has created a very generous welfare system, and 15% of the population are either unemployed or on welfare benefits. For the professional workforce they carry the burden of the tax, while avarge wage earners, factory workers and unskilled labour still command a wage of $77,500 pay almost zero tax. The lesson in Australia, get educated, get a degree then leave and work in Asia. Singapore and Hong Kong, top tax rate of 15%, even Malaysia top tax rate is 28%.

  83. Jim's Gravatar Comment by Jim on February 19th, 2012 at 11:36 pm

    Many low tax countries have been missed in this article.

    Different layers of taxes(income, sales, property, etc etc) make it difficult to use the marginal income taxes as a good measure of the nation’s tax burden.

    A useful indicator which OECD puts out is the Tax-to-GDP ratio. Some of the top (countries whose GDP is largely made up of tax revenues) in this list would include – Sweden at 45.8%, Italy at 43%, France at 42.9%, Finland, Germany, UK, Spain, Canada, Switzerland, and USA at 24.8%.

    Some would argue that these countries are at risk of losing their productive enterprises and entrepreneurs to more welcoming locales.

    @citizen from Australia – Your numbers explain why the Aussie expat population is growing pretty fast.

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