52% income tax in Spain

24 Oct

With the latest income tax increases, the top tax is now 52%, the world’s highest after Aruba with 58.95%, Sweden 56.6, Denmark 55.4 and Holland 55.   However, when considering how little the citizens get back in social benefits, Spain is certainly exacting the highest taxes.


From January this year, the 52% rate will apply to income over 300,000 euros.



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