Global Taxation: How Much of a Million Euros Remains After Taxes?

Here is a ranking of the 10 countries where the least amount of money remains after paying income taxes and social contributions, starting from the most heavily taxed to the least.

Ranking of Net Amounts After Taxes and Social Contributions on €1,000,000 Gross

How Much of a Million Euros Remains After Taxes?

1. Canada (Ontario)

   • Remaining amount : : 470 000 €

   
   

2. France

   • Remaining amount: : 510 000 €

   
   

3. Germany

   • Remaining amount: : 520 000 €

     
     

4. Ireland

   • Remaining amount: : 520 000 €

   
   

5. Australia

   • Remaining amount: : 530 000 €

   
   

6. United-Kingdom

   • Remaining amount: : 540 000 €

   
   

7. United-States (New York)

   • Remaining amount: : 550 000 €

   
   

8. Switzerland (Zurich)

   • Remaining amount: : 650 000 €

     
     

9. Singapor

   • Remaining amount: : 780 000 €

   
   

10. United Arab Emirates

    • Remaining amount: : 1 000 000 €

Summary: How Much Remains of One Million Euros After Taxes

Highly Taxed Countries: Canada, France, and Germany have progressive tax systems with high social contributions, leaving just under 50% of the gross income net.

Moderate Taxation Countries: The United Kingdom and the United States allow individuals to keep over 50% of their income, although they do impose state taxes or social contributions.

Low Taxation Countries: Singapore and Switzerland offer attractive tax rates, allowing individuals to retain a large portion of their income.

Countries Without Income Tax: The United Arab Emirates tops the list, where the entire million euros remains in one’s pocket.

This ranking highlights the impact of income taxes and social contributions on high incomes, with significant differences between countries.