And the Winner for Highest Tax Rate Goes to…

Despite the lively debate surrounding our current tax code, the tax rate on incomes of $100,000 in the United States is quite low compared to countries in Europe and Asia. While Denmark may take the prize for the highest tax rate for incomes of $100,000, it only taxes 0.2% for social-security contributions. Taking into account all of these factors, Belgium actually gets the most out of its $100,000 earners, taking a cut of about 48%.  Also, as the Economist explains, despite the fact that tax rates for personal income were on the decline between 2003 and 2009, many governments have raised taxes in an effort to combat serious deficits.
SSDAN Office

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