It's 1:30 in the morning

Professur said:
Wait til you get sick.
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My thoughts exactly...one major illness or accident could cost someone YEARS AND YEARS of what we pay in taxes all in one go.
 
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:
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?
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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 and it looks like they pay 10% on everything under 7000 or whatever it is. We have a "personal excemption" of $8000 plus tuition and other stuff but we don't have to pay any taxes on. So if you make under your "exception" you pay nothing.
 
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.
 
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%.
 
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).
 
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.
 
Wait til you get sick.
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We have a house in Canada and since i'm a Canadian (not something I brag about), I could essentially commit insurance fraud and get free medical care. I would just have to wait 100 years untill I am dead to get an appt.

Except Canada is 10 hours away and it's Cananda.
 
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