11 February 2016

No Country for Income Tax

We decided to find the lowest places in the world for havens from personal top income taxes. We analyzed personal top income tax rates along with gross domestic product per capita (GDP) to come up with the following map. Countries that appear larger on the map have a lower personal income tax rate. For example, Saudi Arabia appears larger on the map due to the 0% tax rate in the country. We also colored the countries by GDP per capita. The darker the color of the country, the higher the GDP per capita.
  • Bermuda - Personal Income Tax Rate 0% - GDP per capita of $91,479.
  • Qatar - Personal Income Tax Rate 0% - GDP per capita of $60,796.
  • The Cayman Islands - Personal Income Tax Rate 0% - GDP per capita of $54,827.
  • Kuwait - Personal Income Tax Rate 0% - GDP per capita of $30,147.
  • United Arab Emirates - Personal Income Tax Rate 0% - GDP per capita of $25,773.
  • Brunei - Personal Income Tax Rate 0% - GDP per capita of $25,140. 
  • Bahamas - Personal Income Tax Rate 0% - GDP per capita of $20,690.
  • Bahrain - Personal Income Tax Rate 0% - GDP per capita of $18,128.
  • Saudi Arabia - Personal Income Tax Rate 0% - GDP per capita of $17,820.
  • Oman - Personal Income Tax Rate 0% - GDP per capita of $12,472.


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