It's 1:30 in the morning
- Thread starter Inkara1
- Start date
BeardofPants
New Member
For curiousity's sake, just how much DO you pay in tax in the US, and Canada? I would guess that US tax would obviously depend from state to state right?
BeardofPants said:
Canadian tax also varies from province to province. I believe Alberta pays next to no provincial tax.
Do you mean sales tax or income tax? We pay 14% sales tax in Ontario (8% provincial and 6% federal)
This is the form for calculating federal tax in 2005 http://www.cra-arc.gc.ca/E/pbg/tf/5000-s1/5000-s1-05e.pdf
Oh look...the states don't pay that much less...
http://www.irs.gov/formspubs/article/0,,id=133517,00.html
http://www.irs.gov/formspubs/article/0,,id=133517,00.html
http://www.fraserinstitute.ca/shared/readmore.asp?sNav=nr&id=731 I can't find matching numbers - this says In 2006, the average Canadian family (with two or more individuals) earned $79,396 in income and paid a total of $36,650 in taxes.
and http://www.taxfoundation.org/taxfreedomday/ says that Americans paid 31.6 percent. I'm sure it varies state to state, but with total incomes reported and total taxes paid, it appears to be that.
Not that different.
And it varies here too based on income level and province of residence.
and http://www.taxfoundation.org/taxfreedomday/ says that Americans paid 31.6 percent. I'm sure it varies state to state, but with total incomes reported and total taxes paid, it appears to be that.
Not that different.
And it varies here too based on income level and province of residence.
http://en.wikipedia.org/wiki/Canadian_and_American_economies_compared#Taxation
pretty good article there
pretty good article there
majestyx
New Member
There are a lot of variables as to how much taxes an individual will pay in federal income taxes. Some states don't have a state income tax, such as Texas which only has a state sales tax of 6.25% and varying city/county taxes that when all combined are capped at total of 8.25%.
Inkara1
Well-Known Member
We actually do have government health care here... it's called Medicare and Medicaid... and in California, we've also got Medi-Cal. Not everyone gets it, but it's not like there's nothing available besides expensive individual insurance plans or group medical plans through work (I pay $59.80 every two weeks, for the record).
BeardofPants
New Member
Thanks for the info/links. Canada seems to have a similar system in place as NZ - my wage bracket pays 33% for income tax and an additional 12.5% on goods and services tax.
