South Korea or United States: which taxes less?

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

Lighter: United States, ahead by 1.3 FiScore point.

Tax South Korea United States Gap
Corporate income tax headline rate 9% to 25% 21% +4.0 points
Personal income tax top bracket 7.8% to 53.4% 10% to 37% +16.4 points
VAT standard rate 10% 11.73% −1.7 points

Detailed schedules

Corporate income tax

South Korea

n/a

United States

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