SOURCE
KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).
DEFINITION
Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.
Taxation Statistics > Highest marginal tax rate, individual rate > % (most recent) by country
DEFINITION: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.
SOURCE: KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).
I think that 29.16% (for Spain) must be due to the conversion from dollars to Euros. Better data at OECD.org
Roger Swedenmann 27th May 2010
The United States was founded as a taxless Republic. The Framers of the Constitution knew that unlike Europe many early Americans would oppose any tax let alone be able to afford it. Evidence for this is found in the Constitution of the Commonwealth of Merrimack (later Resian Island) that disputes the commoner the right to own specie. Ergo early trade was done entirely by barter, an untaxable form of trade.
RGL 22nd May 2010
Actually, Spanish highest marginal tax rate is 43%, not 29.16%; something easy to contrast in the web of the Spanish Tax Authority. On the other hand, the figure given is, by the way, quite a weird rate by all means and should have raised doubts in the compilers' minds. The problem is that given this kind of errors, the whole site credibility is under question.
intrepidorator 8th September 2009
America was not intended to ba a democracy, We are a republic. Ben Franklin said that democracy is 2 wolves and a sheep voting on what to eat for dinner. Liberty is a well armed sheep disputing the results.
Michael 29th August 2009
The US rate tax rate isn't right. Social Security continues to be a hidden tax - 7.5% for the employee + 7.5% for the employer = 15% tax on the income. Therefore the highest US tax rate really is 50%+, making the US 4th highest in the world! The US is like Denmark, an SD country - Social-Democrat. Socialism meets Democracy...