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International currency bank notes (© Peter Dazeley/Getty Images)
Countries highest income tax rate
Countries highest income tax rate


As the political battle continues in the United States over whether to raise the income tax rate on top earners from 35 percent back to 39.6 percent, France is considering boosting its rate to a whopping 75 percent to help pay down debt (find the latest news on the proposal). Here's a look at the nations with the highest tax rates for top earners:
10. This nation, known for its spirited citizenry and festive traditions, has a tax rate on top earners of 48 percent.
9. This peaceful Scandinavian country has a rate of 49.2 percent.
5. Four nations are tied for fifth place, with a 50 percent rate: No. 1 | No. 2 | No. 3 | No. 4
4. The wealthy citizens of this low-lying nation are taxed 52 percent.
3. This colorful European nation has a rate of 55.4 percent.
2. This country, one of the happiest in the world, has a 56.6 percent tax rate on the rich.
1. A rate of 58.95 percent puts a dent in the accounts of this island nation's wealthy citizens.