That's pretty average (which is a good thing).

Japan: 20%

China: 20%

India: 13%

UK: 24%

Italy: 26%

Germany: 26%

France: 30%

Then there's Canada of course... 50% with a proposal to make it 66% in 2026. Let's see how that works out!

Isn't it a 50% inclusion rate for capital gains in Canada? That works out to a maximum tax rate of 27% in the top tax bracket. And they canceled the proposed increase to a 66% inclusion rate, which is probably smart considering how a ton of rich Canadians already move to Florida.

Thank you for the correction.

Yes that's correct.

You should include state taxes, which in CA's case tops at 13.3% and 3.8% NII, bringing the total to 37.1%.

Not that increasing taxes on capital gains is the way to go, but America's wealthy aren't going to move to China or India.

With NIIT, it's an additional 3.8% on top of that (for the highest income filers). So 23.8%.

https://www.irs.gov/newsroom/questions-and-answers-on-the-ne...