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IMO, real enemies are within... running for President. They dragged the US into numerous and very expensive conflicts all around the globe and make huge profits

IMO, real enemies are within... running for President. They dragged the US into numerous and very expensive conflicts all around the globe and make huge profits off the backs of ordinary people. To my biggest dismay, my income tax rate is even bigger in the US than it was in Canada and yet I'm not receiving even a fraction of services.

rukittenme 10y ago
Out of curiosity, what were the tax rates like in Canada and the US? And at what income level (if you feel comfortable sharing)?
- villedespommes 10y ago
  i don't think i'm comfortable enough to share the exact numbers. let me just say that i'm probably a mid-to-upper middle-class guy and i was comparing tax rates in Ontario vs Oregon.
- trhway 10y ago
  For 2016: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html 15% on the first $45,282 of taxable income, + 20.5% on the next $45,281 of taxable income (on the portion of taxable income over $45,282 up to $90,563), + 26% on the next $49,825 of taxable income (on the portion of taxable income over $90,563 up to $140,388), + 29% on the next $59,612 of taxable income (on the portion of taxable income over $140,388 up to $200,000), + 33% of taxable income over $200,000. US, https://www.irs.com/articles/projected-us-tax-rates-2016 https://www.irs.com/articles/projected-us-tax-rates-2016 , best case - joint declaration: $0—$18,550 10% $18,551—$75,300 $1,855 plus 15% of the amount over $18,550 $75,301—$151,900 $10,367.50 plus 25% of the amount over $75,300 $151,901—$231,450 $29,517.50 plus 28% of the amount over $151,900 $231,451—$413,350 $51,791.50 plus 33% of the amount over $231,450 $413,351—$466,950 $111,818.50 plus 35% of the amount over $413,350 $466,951 or more $130,578.50 plus 39.6% of the amount over $466,950
  - villedespommes 10y ago
    Ontario 5.05% on the first $41,536 of taxable income, + 9.15% on the next $41,539, + 11.16% on the next $66,925, + 12.16% on the next $70,000, + 13.16 % on the amount over $220,000 vs Oregon Oregon Taxable Income Rate $0 - $3,350 5.00% $3,350 - $8,400 7.00% $8,400 - $125,000 9.00% $125,000+ 9.90%
  - villedespommes 10y ago
    this is a good starting point. however, these numbers don't paint a full picture. The provincial taxes in Canada can be pretty steep.

rukittenme 10y ago

Out of curiosity, what were the tax rates like in Canada and the US? And at what income level (if you feel comfortable sharing)?

villedespommes 10y ago
i don't think i'm comfortable enough to share the exact numbers. let me just say that i'm probably a mid-to-upper middle-class guy and i was comparing tax rates in Ontario vs Oregon.
trhway 10y ago
For 2016: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html 15% on the first $45,282 of taxable income, + 20.5% on the next $45,281 of taxable income (on the portion of taxable income over $45,282 up to $90,563), + 26% on the next $49,825 of taxable income (on the portion of taxable income over $90,563 up to $140,388), + 29% on the next $59,612 of taxable income (on the portion of taxable income over $140,388 up to $200,000), + 33% of taxable income over $200,000. US, https://www.irs.com/articles/projected-us-tax-rates-2016 https://www.irs.com/articles/projected-us-tax-rates-2016 , best case - joint declaration: $0—$18,550 10% $18,551—$75,300 $1,855 plus 15% of the amount over $18,550 $75,301—$151,900 $10,367.50 plus 25% of the amount over $75,300 $151,901—$231,450 $29,517.50 plus 28% of the amount over $151,900 $231,451—$413,350 $51,791.50 plus 33% of the amount over $231,450 $413,351—$466,950 $111,818.50 plus 35% of the amount over $413,350 $466,951 or more $130,578.50 plus 39.6% of the amount over $466,950
- villedespommes 10y ago
  Ontario 5.05% on the first $41,536 of taxable income, + 9.15% on the next $41,539, + 11.16% on the next $66,925, + 12.16% on the next $70,000, + 13.16 % on the amount over $220,000 vs Oregon Oregon Taxable Income Rate $0 - $3,350 5.00% $3,350 - $8,400 7.00% $8,400 - $125,000 9.00% $125,000+ 9.90%
- villedespommes 10y ago
  this is a good starting point. however, these numbers don't paint a full picture. The provincial taxes in Canada can be pretty steep.