Every country has a different tax rate. While some countries do not have an income tax, other countries have a tax rate which is over 60 percent of your income. This means that you get to keep less than half of what you earn. European countries often have the highest rates, usually countries which offer social services such as subsidized health care, education, and possibly unemployment benefits. For example the highest tax rate in Belgium is as high as 64 percent for individuals in the highest tax bracket and 34 percent for corporation in the highest tax bracket. While the federal tax rates in the US are generally not the highest or the lowest among the countries in the world, once state and local taxes are included, some individuals can end up paying over half their income to the federal, state and local governments combined. This infographic shows the countries where the tax rates are the highest.
