Quote:
Originally Posted by tigermtb
Our tax rates are comparable to the USA, aren't they? I have no idea.
The difference is, though, the US Government spends the tax dollars very differently. The USA could do wonderful things for the people if they considered the people a priority.
Canada doesn't have 2 Wars going on. They aren't rebuilding someone else's country. They don't have an over-leveraged banking system.
I think the Navy does pay to patch the canoe when it gets a hole, though... but that's just a couple bucks  |
Don't discount the fact we can spend so little on defense is because of the size of our neighbor to the south, and how much they spend on theirs. We feel secure knowing we got backup to the south if ever needed.
Also in Canada we hit the higher tax bracket a lot faster than in the US, and then factor in those that live in states that have no state income tax and the disparity can be quite great.
Canada has a large middle class because of the tax system in place. I know many people that skip working overtime since its not worth it to put in the hours when so much of the income goes straight to taxes.