Who pays the most income tax in the world?

5. (Tied) Belgium Highest income tax rate: 50%  Average 2010 income: $52,700   Belgium’s highest tax rate of 50 percent is 5 percentage points higher than the average for Western Europe, which has the highest personal tax rates of any region globally.   The highest marginal tax rate kicks in at $46,900 of income. The country’s employee social security rate is 13 percent with employer contributions at 35 percent. Municipal taxes can be up to 11 percent of income, while nonresidents pay a fixed 7 percent rate. Capital gains tax is either 16.5 percent or 33 percent, though taxpayers can get some exemptions. For expatriates, if an executive travels 25 percent of their time on business, then the top marginal tax rate can be reduced to 40 percent of income.   Belgians have the highest tax and social security burden, according to a recent OECD study. In 2011, single taxpayers with an average income took home less than 45 percent of what they cost their employer. Taxpayers at higher earnings took home less than 40 percent. According to the study, the overall tax burden increased for all types of households in the country in 2011.   Pictured: Grote Markt in Brussels  Photo: Juergen Ritterbach | Getty Images

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Rising public debt and elections in Europe and the U.S. have again raised the issue of taxes, one that's always hotly debated. Canadians, for example, are fond of moaning over their tax rate, which they regard as one of the highest in the world." But is it true? Click through to find out the 10 countries with the highest tax rates, according to the accounting firm KPMG.

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