#tex đ” $1,000,000 Income â Taxes Around the World
Country / Location Net Income (After Tax) Tax Rate
đ¶đŠ Qatar $1,000,000 0%
đžđŠ Saudi Arabia $1,000,000 0%
đŠđȘ UAE $1,000,000 0%
đđ° Hong Kong $846,000 15.4%
đžđŹ Singapore $792,000 20.8%
đČđœ Mexico $657,000 34%
đșđž Texas, USA $646,000 35.4%
đčđ· Turkey $595,500 40.45%
đ©đȘ Germany $531,000 46.9%
đșđž California, USA $530,000 47%
đžđȘ Sweden $489,000 51.1%
đ«đ· France $456,000 54.4%
đ©đ° Denmark $450,000 55%
đŻđ” Tokyo, Japan $441,000 55.9%
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đ Key Takeaways
1. Zero-Tax Countries: Qatar, Saudi Arabia, and UAE donât tax personal income, so you keep the full $1,000,000.
2. Medium-Tax Countries: Hong Kong, Singapore, Mexico, and Texas have taxes ranging from ~15% to 35%.
3. High-Tax Countries: Germany, Sweden, France, Denmark, and Japan can take more than half of your income in taxes.
đĄ Conclusion: Where you earn is just as important as how much you earn â taxes can drastically change your take-home income.