Swedish fashion, much like Swedish architecture and design, is characterized by modernity, simplicity and clean geometric shapes. On the streets of Sweden, women often pair gray and black skinny...
For income made in 2015, the highest marginal income tax rate in the U.S. has been set at 39.6%. That will apply to single filers who made more than $413,201, to married joint filers who made over $464,850 and to heads of household who made at least $439,001. The income tax rate applies not necessarily to one's entire income, but only to taxable income, or gross adjusted income.
Because of this, you would think that the country with the highest tax rate in the world would have the most miserable people, right? It turns out that Denmark has the highest tax rate in the world with a 48.9% tax-to-GDP ratio. In comparison, Indiaâs tax-to-GDP ratio is 10.6% , Japanâs is 27.4%, and the United States is 28.2%. But there is something else that Denmark is known for: being the happiest country in the world.