The following table gives rates of income tax per year beginning in 2006. At 35%, the U.S. ranks near the bottom of the western, industrialized nations, having increased to just under 40%, although Canada has a lower tax rate for individuals with 29%.
If you have income tax questions or other tax concerns, do not hesitate to contact our firm.
Location | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
Afghanistan | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | ||
Albania | 25 | 10 | 10 | 10 | 10 | 10 | 10 | 23 | 23 | |
Algeria | 35 | 35 | 35 | |||||||
Angola | 15 | 15 | 15 | 15 | 17 | 17 | 17 | 17 | 17 | 17 |
Anguilla | 0 | 0 | 0 | |||||||
Antigua and Barbuda | 25 | 25 | 25 | |||||||
Argentina | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Armenia | 20 | 20 | 20 | 20 | 20 | 20 | 25 | 25 | 25 | 26 |
Aruba | 60.06 | 58.95 | 58.95 | 58.95 | 58.95 | 58.95 | 58.95 | 58.95 | 58.95 | 58.95 |
Australia | 47 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
Austria | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 |
Bahamas | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bahrain | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bangladesh | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 30 | 30 |
Barbados | 35 | 35 | 35 | 35 | ||||||
Belarus | 12 | 12 | 13 | |||||||
Belgium | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 |
Bermuda | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bonaire, Saint Eustatius and Saba | ||||||||||
Bosnia and Herzegovina | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Botswana | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Brazil | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 | 27.5 |
Brunei Darussalam | 0 | |||||||||
Bulgaria | 24 | 24 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Canada | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
Cayman Islands | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Chile | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
China | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
Colombia | 38.5 | 34 | 33 | 33 | 33 | 33 | 33 | 33 | 33 | 33 |
Congo | 30 | 30 | ||||||||
Congo (Democratic Republic of the) | 30 | 30 | ||||||||
Costa Rica | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Croatia | 45 | 45 | 45 | 45 | 40 | 40 | 40 | 40 | 40 | 40 |
Curacao | 49 | 49 | 48.25 | |||||||
Cyprus | 30 | 30 | 30 | 30 | 30 | 35 | 35 | 35 | 35 | 35 |
Czech Republic | 32 | 32 | 15 | 15 | 15 | 15 | 15 | 22 | 22 | 22 |
Denmark | 59 | 59 | 62.28 | 62.28 | 55.38 | 55.38 | 55.38 | 55.38 | 55.56 | 55.41 |
Dominican Republic | 25 | 25 | 25 | |||||||
Ecuador | 25 | 25 | 35 | 35 | 35 | 35 | 35 | 35 | ||
Egypt | 34 | 20 | 20 | 20 | 20 | 20 | 20 | 25 | 25 | 25 |
El Salvador | 30 | 30 | 30 | |||||||
Estonia | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 20 | ||
Fiji | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 20 | 20 | 20 |
Finland | 51.4 | 51 | 50.7 | 49.8 | 49.6 | 49.17 | 49 | 49 | 49 | 52.35 |
France | 40 | 40 | 40 | 40 | 41 | 41 | 45 | 45 | 45 | |
Georgia | 12 | 12 | 25 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Germany | 42 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 |
Gibraltar | 42 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | |
Greece | 40 | 40 | 40 | 40 | 45 | 45 | 45 | 42 | 42 | 42 |
Guatemala | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 7 | 7 | 7 |
Guernsey | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Honduras | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 |
Hong Kong SAR | 16 | 16 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Hungary | 36 | 36 | 36 | 36 | 32 | 16 | 16 | 16 | 16 | 16 |
Iceland | 36.7 | 35.7 | 35.7 | 37.2 | 46.12 | 46.21 | 46.24 | 46.24 | 46.24 | 46.24 |
India | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 33.99 | 33.99 | 33.99 |
Indonesia | 35 | 35 | 35 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
Ireland | 42 | 41 | 41 | 46 | 47 | 48 | 48 | 48 | 48 | 48 |
Isle of Man | 18 | 18 | 18 | 18 | 20 | 20 | 20 | 20 | 20 | 20 |
Israel | 49 | 48 | 47 | 46 | 45 | 45 | 48 | 50 | 50 | 50 |
Italy | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 | 43 |
Jamaica | 25 | 25 | 25 | 25 | 35 | 25 | 25 | 25 | 25 | |
Japan | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50.84 | 50.84 | 50.84 |
Jersey | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Jordan | 25 | 25 | 25 | 25 | 25 | 14 | 14 | 14 | 14 | 14 |
Kazakhstan | 20 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Kenya | 30 | 30 | 30 | 30 | ||||||
Korea, Republic of | 35 | 35 | 35 | 35 | 35 | 35 | 38 | 38 | 38 | 38 |
Kuwait | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Latvia | 25 | 25 | 25 | 23 | 26 | 25 | 25 | 24 | 24 | 23 |
Lebanon | 20 | 20 | ||||||||
Lithuania | 33 | 27 | 24 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Luxembourg | 39 | 39 | 39 | 39 | 39 | 42 | 41.34 | 41.34 | 41.34 | 43.6 |
Macau | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 12 |
Macedonia | 10 | 10 | 10 | |||||||
Malawi | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | |
Malaysia | 28 | 28 | 28 | 27 | 26 | 26 | 26 | 26 | 26 | 25 |
Malta | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | |
Mauritius | 30 | 22.5 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | |
Mexico | 29 | 28 | 28 | 28 | 30 | 30 | 30 | 30 | 30 | 35 |
Moldova | 18 | 18 | ||||||||
Mongolia | 10 | 10 | 10 | |||||||
Montenegro | 9 | 9 | 9 | |||||||
Morocco | 38 | 38 | 38 | |||||||
Mozambique | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | |
Myanmar | 20 | 20 | 20 | |||||||
Namibia | 37 | 37 | 37 | |||||||
Netherlands | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 | 52 |
Netherlands Antilles | 49 | 49 | ||||||||
New Zealand | 39 | 39 | 39 | 38 | 35.5 | 33 | 33 | 33 | 33 | 33 |
Nicaragua | 30 | 30 | 30 | 30 | 30 | 30 | 30 | |||
Nigeria | 24 | 24 | 24 | 24 | 24 | |||||
Norway | 47.8 | 47.8 | 47.8 | 47.8 | 47.8 | 47.8 | 47.8 | 47.8 | 47.8 | 47.2 |
Oman | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pakistan | 30 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | ||
Palestinian Territory | ||||||||||
Panama | 27 | 27 | 27 | 27 | 25 | 25 | 25 | 25 | 25 | |
Papua New Guinea | 45 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 | 42 |
Paraguay | ||||||||||
Peru | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 |
Philippines | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
Poland | 40 | 40 | 40 | 32 | 32 | 32 | 32 | 32 | 32 | 32 |
Portugal | 42 | 42 | 42 | 42 | 45.88 | 46.5 | 46.5 | 48 | 48 | 48 |
Puerto Rico | 33 | 33 | 33 | |||||||
Qatar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Romania | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Russia | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
Samoa | 27 | 27 | ||||||||
Saudi Arabia | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Senegal | 50 | 50 | ||||||||
Serbia | 10 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 15 |
Sierra Leone | 30 | 30 | ||||||||
Singapore | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
Sint Maarten (Dutch part) | 47.5 | 47.5 | 47.5 | |||||||
Slovakia | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 25 | 25 | 25 |
Slovenia | 50 | 41 | 41 | 41 | 41 | 41 | 41 | 50 | 50 | 50 |
South Africa | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Spain | 45 | 43 | 43 | 43 | 43 | 45 | 52 | 52 | 52 | 47 |
Sri Lanka | 24 | 24 | 24 | |||||||
Sudan | 20 | 20 | 15 | 15 | 15 | 15 | 15 | 15 | ||
Swaziland | 33 | 33 | ||||||||
Sweden | 56.82 | 56.77 | 56.66 | 56.74 | 56.56 | 56.55 | 56.6 | 57 | 57 | 57 |
Switzerland | 40.4 | 40.4 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
Syria | 20 | 20 | 20 | 20 | 22 | 22 | 22 | 22 | 22 | |
Taiwan | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 45 |
Tanzania | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | |
Thailand | 37 | 37 | 37 | 37 | 37 | 37 | 37 | 35 | 35 | 35 |
Trinidad and Tobago | 25 | 25 | 25 | |||||||
Tunisia | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Turkey | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Uganda | 30 | 30 | 30 | 40 | 40 | 40 | 40 | |||
Ukraine | 13 | 15 | 15 | 15 | 15 | 17 | 17 | 17 | 17 | 20 |
United Arab Emirates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
United Kingdom | 40 | 40 | 40 | 40 | 50 | 50 | 50 | 45 | 45 | 45 |
United States | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 39.6 | 39.6 | 39.6 |
Uruguay | 0 | 25 | 25 | 25 | 25 | 25 | 30 | 30 | 30 | 30 |
Venezuela | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 | 34 |
Vietnam | 40 | 40 | 40 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
Yemen | 20 | 20 | 20 | 20 | 20 | 15 | 15 | 15 | 15 | 15 |
Zambia | 35 | 35 | 35 | |||||||
Zimbabwe | 36.05 | 48.93 | 48.93 | 36.05 | 36.05 | 36.05 | 46.35 | 45 | 45 | |
Africa average | 29.73 | 28.95 | 27.81 | 26.92 | 27.09 | 26.85 | 28.53 | 31.41 | 32.09 | 31.62 |
Americas average | 31.63 | 30.85 | 31.38 | 31.3 | 31.86 | 31.3 | 31.76 | 31.48 | 31.34 | 32.08 |
Asia average | 29.04 | 28.2 | 28.64 | 27.96 | 27.96 | 27.52 | 27.96 | 27.07 | 27.24 | 28.23 |
Europe average | 35.62 | 35.04 | 33.49 | 33.15 | 33.62 | 33.4 | 33.66 | 32.74 | 32.7 | 31.8 |
Oceania average | 40.5 | 39.25 | 39.25 | 39 | 38.38 | 37.75 | 37.75 | 33.4 | 33.4 | 35 |
North America average | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 34.3 | 34.3 | 34.3 |
Latin America average | 31.58 | 30.7 | 31.3 | 31.22 | 31.84 | 31.22 | 31.73 | 31.25 | 31.08 | 31.87 |
EU average | 39.9 | 39.32 | 37.56 | 37.03 | 37.3 | 37.09 | 37.46 | 38.37 | 38.38 | 37.78 |
OECD average | 41.88 | 41.44 | 40.39 | 40.26 | 40.76 | 40.4 | 40.88 | 41.78 | 41.78 | 41.58 |
Global average | 32.68 | 31.96 | 31.44 | 30.96 | 31.25 | 30.85 | 31.34 | 30.99 | 31.12 | 31.11 |