Quote:
Originally Posted by Socks
That is MARGINAL tax rate, not average.. Marginal rate is "How much tax would you pay on an extra dollar, had you earned $1 more in a year".
To get to the highest rate, you need to be making a lot of money. It only affects a very small portion of the population.
For the average person making ~$40-50k a year, the taxes aren't that different from the US and Canada.
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No they arent...except in the US somebody with the same skill level as somebody in Canada would make considerably more money and you are not being nickled and dimed with a million other taxes either like gas, gst and a million other ones.
I have lived in both. and my income and standard of living was much hire in the US over Canada. Did the exact same thing for work