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Denmark comes third with 38.9 percent in Highest Income Tax Rates Index

byCustoms Today Report
20/03/2015
in Business, Denmark
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COPENHAGEN: Denmark comes in third with 38.9 percent in countries those have highest tax rates, said OECD. Varying hugely among countries depended highly on other factors like earnings, marital status and so on.

A single person on an average salary without children will have the highest income tax rate in Belgium some 42.8 percent of his or her earnings at first and Germany isn’t too far behind as single workers in Europe’s economic powerhouse will have to hand over just under 40 percent of their wages to the tax man. United States, income tax and social security contributions are far lower for a single worker without kids that just 22.7 percent.

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