Countries With the Highest Income Tax Rates

4. Netherlands
Highest income tax rate: 52%
Average 2010 income: $57,000

Holland's highest tax rate of 52 percent is much higher than the regional average of 45.7 percent in Western Europe.

The country’s top marginal tax rate kicks in at about $74,500 of taxable income. Annual property taxes generally range between $470 and $800. Other notable taxes include a capital gains tax of 25 percent, a land transfer tax of 6 percent and an inheritance ... more 

4. Netherlands
Highest income tax rate: 52%
Average 2010 income: $57,000

Holland's highest tax rate of 52 percent is much higher than the regional average of 45.7 percent in Western Europe.

The country’s top marginal tax rate kicks in at about $74,500 of taxable income. Annual property taxes generally range between $470 and $800. Other notable taxes include a capital gains tax of 25 percent, a land transfer tax of 6 percent and an inheritance tax that varies between 10 percent and 40 percent.

The Netherlands, which has been in recession since July, announced a budget deal in April for 2013 that will freeze the incomes of civil servants for two years to save the government $3 billion by the end of 2013. Tax deductions for employee travel between work and home will also be reduced to save $1.58 billion, along with the raising of retirement age from 65 to 67 to grapple with the country’s ballooning pension bill. Dutch government figures estimate that the overall effect of the tax increases and pay freeze will reduce consumer spending by 3 percent in 2013.

Pictured: Amsterdam less