There’s an interesting article on the BBC website about tax rates around the world http://www.bbc.co.uk/news/magazine-26327114
Here's the figures from the article
High Income Earners (400k salary, 1.2mil mortgage, married with two kids, one under six yrs) Take home portion of salary
•Italy - 50.59% (takes home $202,360 out of $400,000 salary)
•India - 54.90%
•United Kingdom - 57.28%
•France - 58.10%
•Canada - 58.13%
•Japan - 58.68%
•Australia - 59.30%
•United States - 60.45% (based on New York state tax)
•Germany - 60.61%
•South Africa - 61.78%
•China - 62.05%
•Argentina - 64.02%
•Turkey - 64.64%
•South Korea - 65.75%
•Indonesia - 69.78%
•Mexico - 70.60%
•Brazil - 73.32%
•Russia - 87%
•Saudi Arabia - 96.86% (so you take home $387,400 out of the $400,000 salary)
These tax rates apply to single people with no children, on an average salary for their country.
•Belgium - 42.80%
•Germany - 39.90%
•Denmark - 38.90%
•Hungary - 35%
•Austria - 34%
•Greece - 25.4%
•OECD Average - 25.10%
•UK - 24.90%
•USA - 22.70%
•New Zealand - 16.40%
•Israel - 15.50%
•Korea - 13%
•Mexico - 9.50%
•Chile - 7%
The following tax rates apply to married couples with two children.
•Denmark - 34.8%
•Austria - 31.9%
•Belgium - 31.8%
•Finland - 29.4%
•Netherlands - 28.7%
•Greece 26.7%
•UK - 24.9%
•Germany - 21.3%
•OECD average - 19.6%
•USA - 10.4%
•Korea - 10.2%
•Slovak Republic - 10%
•Mexico - 9.5%
•Chile - 7%
•Czech Republic - 5.6%
Note the first list is take home portion of salary whereas the last two are the tax rate
Here's the figures from the article
High Income Earners (400k salary, 1.2mil mortgage, married with two kids, one under six yrs) Take home portion of salary
•Italy - 50.59% (takes home $202,360 out of $400,000 salary)
•India - 54.90%
•United Kingdom - 57.28%
•France - 58.10%
•Canada - 58.13%
•Japan - 58.68%
•Australia - 59.30%
•United States - 60.45% (based on New York state tax)
•Germany - 60.61%
•South Africa - 61.78%
•China - 62.05%
•Argentina - 64.02%
•Turkey - 64.64%
•South Korea - 65.75%
•Indonesia - 69.78%
•Mexico - 70.60%
•Brazil - 73.32%
•Russia - 87%
•Saudi Arabia - 96.86% (so you take home $387,400 out of the $400,000 salary)
These tax rates apply to single people with no children, on an average salary for their country.
•Belgium - 42.80%
•Germany - 39.90%
•Denmark - 38.90%
•Hungary - 35%
•Austria - 34%
•Greece - 25.4%
•OECD Average - 25.10%
•UK - 24.90%
•USA - 22.70%
•New Zealand - 16.40%
•Israel - 15.50%
•Korea - 13%
•Mexico - 9.50%
•Chile - 7%
The following tax rates apply to married couples with two children.
•Denmark - 34.8%
•Austria - 31.9%
•Belgium - 31.8%
•Finland - 29.4%
•Netherlands - 28.7%
•Greece 26.7%
•UK - 24.9%
•Germany - 21.3%
•OECD average - 19.6%
•USA - 10.4%
•Korea - 10.2%
•Slovak Republic - 10%
•Mexico - 9.5%
•Chile - 7%
•Czech Republic - 5.6%
Note the first list is take home portion of salary whereas the last two are the tax rate