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Okay, I tried to graph out taxes between Toronto and SF. check it out: https://github.com/bsurmanski/TorontoSFTax https://github.com/bsurmanski/TorontoSFTax I
by bsurmanski 10y ago
Okay, I tried to graph out taxes between Toronto and SF.
check it out:
https://github.com/bsurmanski/TorontoSFTax https://github.com/bsurmanski/TorontoSFTax
It looks like between 60k-200k, taxes in Toronto are actually lower. Between 200k-700k, it is cheaper in SF. At 300k, Toronto tax is about 1.5% more, and at 400k, Toronto tax is about 2% more.
But being realistic, most people in tech would pay less tax in Toronto.
edit:
This calculation also does not take into account any other taxes (such as sales tax, or property tax), and is not adjusted for cost of living. SF has an edge in sales tax (8.75% in SF vs 13% in Toronto), but Toronto has a huge edge in cost of living (according to [0], Toronto is 32% cheaper), and property tax (1.14% in SF vs 0.7% in Toronto).
[0] - https://www.expatistan.com/cost-of-living/comparison/san-francisco/toronto https://www.expatistan.com/cost-of-living/comparison/san-fra...