Top 7 Countries with the Highest Tax Rates

No. 1: Aruba: 58.95% for an income of at least $171,149

Aruba is one of the strongest economies in the Caribbean Sea, but it also has the highest income tax in the world, but it used to be even higher a few years back. Unlike other countries in the region, who practice very low taxes or even zero income taxes, Aruba charges a mind-blowing 58.95% income tax on anyone making more than $171,000. Married couples do get a little discount on their taxes, of approximately 3%.

If you liked our breakdown of the top countries with the highest tax rates, check out our list of the “20 Countries with the Lowest Cost of Living.”