Countries with lowest tax rates in the world
15 Countries With The Highest Tax Rates In The World 1. Sweden. Sweden stands as the number one country with the highest income tax rates on Earth – just 2. Portugal. Portugal’s high taxes might come as a surprise to some, 3. Japan. Come to Tokyo to marvel at the city’s grandeur, The U.S. income tax system is progressive which means that the rate of tax increases as income increases (more on that here ). If you're single, you pay the same 10% on the first $9,525 as every other single person. Then, you pay 15% on the next $27,000 and 25% on the next $50,000 -