Top 7 Countries with the Highest Tax Rates

No. 4: The Netherlands: 52% for an income of at least $70,080

As one of the most developed countries in Western Europe, it is somewhat explainable why the country has such a high income tax regimen. In addition, the Netherlands also charges a 40% inheritance tax and a capital gains tax of no less than 25%. The good news is that the average income in the country is $57,000, so most of the population does not have to pay such high taxes and likely don’t perceive themselves to be living in one of the top countries with the highest tax rates.