Special Report

25 Countries Where the Rich Are Taxed the Most

Source: Sean Pavone / Getty Images

11. Portugal
> Personal income tax rate 2021: 48.00%
> Total population: 10,305,564

Portugal has seven marginal tax brackets, with annual income above 80,882 euros ($91,671) subject to the highest rate. There’s an additional so-called “solidarity charge” of 2.5% on taxable income between 80,000 euros ($90,664) and 250,000 euros ($283,326) and 5% on income above 250,000 euros.

Source: Noppasin Wongchum / Getty Images

10. Netherlands
> Personal income tax rate 2021: 49.50%
> Total population: 17,441,139

The Netherlands has three income tax brackets, with the highest applied to income over 68,507 euros ($77,583). Income is assessed not just on employment but also home ownership, including principal residence, and savings.

Source: orpheus26 / Getty Images

7. Belgium
> Personal income tax rate 2021: 50.00%
> Total population: 11,555,997

Belgium has four income tax brackets, with the top rate activating for income above 41,360 euros ($46,837). Belgium offers a special deduction for dividends received from ownership of stock in French companies.

Source: Sean Pavone / Getty Images

7. Israel
> Personal income tax rate 2021: 50.00%
> Total population: 9,216,900

Israel has seven tax brackets, with the highest marginal rate activating for annual income over 647,641 new Israeli shekels, or $209,447. Annual incomes below 75,480 shekels ($24,530) are not subject to an income tax, but there is a minimum rate of 31% on certain classes of passive income for adults under the age of 60.

Source: Remedios / Getty Images

7. Slovenia
> Personal income tax rate 2021: 50.00%
> Total population: 2,100,126

Slovenia has five marginal tax brackets, the highest applying for annual income of over 72,000 euros, or $81,500. Capital gains, interest, dividends, and rental income are subject to a flat 27.5% rate.

Sponsored: Tips for Investing

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.