Korea vs Mexico: Personal income tax (PIT) - top statutory and marginal tax rate — Top
Personal income tax (PIT) - top statutory and marginal tax rate — Top over time
- Korea
- Mexico
How they compare
Mexico currently reports 20.57 Factor of average annual wage against 18.99 Factor of average annual wage in Korea, a difference of 1.58 Factor of average annual wage.
That makes Mexico's figure about 1.1 times Korea's.
The two have swapped places 4 times across 26 shared years of data; in 2000 it was Mexico ahead.
Korea ranks 1st and Mexico ranks 2nd of 2 groups.
Mexico has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Korea | Mexico | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 3.91 Factor of average annual wage | 12.47 Factor of average annual wage | 8.57 Factor of average annual wage | Mexico |
| 2010s | 7.52 Factor of average annual wage | 18.1 Factor of average annual wage | 10.59 Factor of average annual wage | Mexico |
| 2020s | 18.8 Factor of average annual wage | 23.18 Factor of average annual wage | 4.39 Factor of average annual wage | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher personal income tax (pit) - top statutory and marginal tax rate — top, Korea or Mexico?
- Mexico, at 20.57 Factor of average annual wage against 18.99 Factor of average annual wage in Korea as of 2025.
- What is the difference in personal income tax (pit) - top statutory and marginal tax rate — top between Korea and Mexico?
- 1.58 Factor of average annual wage, with Mexico ahead.
- How many years of comparable data are there for Korea and Mexico?
- 26 years are reported by both, from 2000 to 2025.
- How do Korea and Mexico rank globally for personal income tax (pit) - top statutory and marginal tax rate — top?
- Korea ranks 1st and Mexico ranks 2nd of 2 groups.
- Where does this data come from?
- Organisation for Economic Co-operation and Development, published as Personal income tax (PIT) - top statutory and marginal tax rate — Top statutory personal income tax rate earnings threshold. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
A single person without dependants based on the earnings level where the top statutory personal income tax rate first applies. The marginal tax rates are derived on the basis of a unit increase in gross wage earnings at the threshold. Related topics: Taxing Wages, Labour taxation, Tax wedge decomposition, Average wage, Income, Household