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Denmark pays one of the highest income tax rates in the world
Oct 17, 2012

Rate of income tax has become a touchy topic in the developed nations in an environment where most of them are mired in recession. Indeed, this topic has certainly assumed importance in the current ongoing Presidential elections in the US. Today's chart of the day shows that citizens of Denmark pay one of the highest tax rates when compared to other countries. Further, it is interesting to note that tax rates in India too appear to be on the higher side when compared to China and the US. Although it goes without saying that those earning gross income of US$ 100,000 form a smaller part of the population pie.

Data Source: The Economist

This Chart Of The Day was published in The 5 Minute WrapUp - Will property prices ever fall in Mumbai?

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