Trinidad and Tobago or United States: which taxes less?

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

Lighter: Trinidad and Tobago, ahead by 0.4 FiScore point.

Tax Trinidad and Tobago United States Gap
Corporate income tax headline rate 25% 21% +4.0 points
Personal income tax top bracket 0% to 25% 10% to 37% −12.0 points
VAT standard rate 12.5% 11.73% +0.8 points

Detailed schedules

Corporate income tax

Trinidad and Tobago

Profit up to 1 million TTD 25%
Profit over 1 million TTD 30%
Activity tax on revenue Due if exceeding profit tax 0.6%

United States

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