Tax Brackets in Switzerland
Personal income tax is progressive in nature. The total rate does not usually exceed 40%.
The Swiss Federal Tax Administration website provides a broad outline of the Swiss tax system, and full details and tax tables are available in PDF documents.
The complexity of the system is partly because the Confederation, the 26 Cantons that make up the federation, and about 2 900 communes levy their own taxes based on the Federal Constitution and 26 Cantonal Constitutions.
Read more about this topic: Tax Bracket
Famous quotes containing the words tax and/or switzerland:
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—Ralph Waldo Emerson (1803–1882)
“In Italy for thirty years under the Borgias they had warfare, terror, murder, bloodshed—they produced Michelangelo, Leonardo da Vinci and the Renaissance. In Switzerland they had brotherly love, five hundred years of democracy and peace, and what did they produce? The cuckoo clock!”
—Orson Welles (1915–84)