Iceland or United States: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: United States, ahead by 1.4 FiScore point.

Tax Iceland United States Gap
Corporate income tax headline rate 20% 21% −1.0 points
Personal income tax top bracket 0% to 46% 10% to 37% +9.0 points
VAT standard rate 24% 11.73% +12.3 points

Detailed schedules

Corporate income tax

Iceland

n/a

United States

Federal tax 21%
State tax 0% to over 9% depending on the state n/a
See the Iceland page See the United States page