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Latvia vs United States: tax rates compared
United States's income tax rate is 10.7pp higher than Latvia's (43.7% vs 33%). The 200-country average is 28%: both sit above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LV | US | Difference |
|---|---|---|---|
| Income Tax | 33% | 43.7% | US +10.7 pplargest gap |
| Corporate Tax | 20% | 25.6% | US +5.6 pp |
| Capital Gains Tax | 25.5% | 20% | LV +5.5 pp |
| Crypto Tax | 25.5% | 20% | LV +5.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| United States | 43.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −10.7 pp | United States higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| United States | 25.6% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5.6 pp | United States higher |
United States's corporate tax rate is 5.6pp higher than Latvia's (25.6% vs 20%). The 201-country average is 22.6%: Latvia sits below it, United States sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| United States | 20% | Source: PWC Worldwide Tax Summaries — United States (Individual, Other taxes) · as of 2025-01-01 |
| Difference | +5.5 pp | Latvia higher |
Latvia's capital gains tax rate is 5.5pp higher than United States's (25.5% vs 20%). The 175-country average is 10.3%: both sit above it. Latvia's figure is dated 2026-06-30 and United States's 2025-01-01, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| United States | 20% | Source: IRS Publication 550 (2025), Investment Income and Expenses · as of 2025-01-01 |
| Difference | +5.5 pp | Latvia higher |
Latvia's crypto tax rate is 5.5pp higher than United States's (25.5% vs 20%). The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| United States | 0% | Source: PWC Worldwide Tax Summaries — United States (Individual, Other taxes) · as of 2026-03-18 |
| Difference | 0 pp | displayed rates match |
Latvia's wealth tax rate is identical to United States's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT.