We keep hearing from people on the authoritarian side of the political spectrum about how horribly high their taxes are and that they’re just fed up and want to move somewhere where they don’t have to pay for their society. So, if you plan on actually doing what Rush Limbaugh only promises, here are the countries with LOWER taxes than the US (in decreasing order of tax rate):
- Dominican Republic
- Sri Lanka
- Costa Rica
- North Korea (People’s Republic of Korea)
That’s it. Really. Of the roughly 200 nations in the world, those 18 are the total list with lower taxes than the US.
And, really, of those 18, moving to any of the top six would only drop your taxes by less than 10%. To make it worth your moving costs, you might want to only consider those who would cut your taxes by at least a quarter.
That leaves you with:
Yes, even living in the "paradise" of Korea under the Kim family would only save you 24% off your tax bill.
Personally, I think paying a little more to live in the US is a bargain, but if you disagree then send me a post card from Nigeria. But don’t send email, I’ve already got enough email from Nigeria in my spam folder.
All data from that obviously radical leftist source, the United States Central Intelligence Agency.