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> "Much of the surrounding road and rail infrastructure is in even worse shape (the trip from LaGuardia Airport to midtown Manhattan being particularly appallin

> "Much of the surrounding road and rail infrastructure is in even worse shape (the trip from LaGuardia Airport to midtown Manhattan being particularly appalling). Washington, D.C.’s semi-functional subway system feels like a World’s Fair exhibit that someone forgot to close down. " Yes, those low tax, anti-government strongholds of NYC and DC are great examples of how more taxes will solve everything.

bryanlarsen 9y ago
"low tax, anti-government strongholds of NYC and DC" Compared to the author's Ontario, Canada? Yes, they are.
- strictnein 9y ago
  Put $100k into each of these: http://www.ey.com/ca/en/services/tax/tax-calculators-2017-personal-tax http://www.ey.com/ca/en/services/tax/tax-calculators-2017-pe... https://smartasset.com/taxes/new-york-tax-calculator#iCk2xoXx48 https://smartasset.com/taxes/new-york-tax-calculator#iCk2xoX... Then add another ~3.5% for living in NYC. There's at worst on almost equal footing. More than likely the person in NYC will pay more.
- Cuuugi 9y ago
  Ontario has the largest non-sovereign debt anywhere. In the world... If you are looking for example for a solid economic policy Ontario should be the farthest thing from. http://business.financialpost.com/news/economy/with-twice-the-debt-of-california-ontario-is-now-the-worlds-most-indebted-sub-sovereign-borrower/wcm/30c38ab9-4a3f-4f39-ac95-4d9516013d89 http://business.financialpost.com/news/economy/with-twice-th...
- ameister14 9y ago
  The yearly budget of New York City is around 85 billion dollars.
DKnoll 9y ago
Adjusting for the exchange rate and using my own salary as a test, my income tax in Ontario is double that of somebody living in NYC. Also our sales tax is 13% in Ontario versus 8.875% in NYC. From what I can tell residential property tax rates are pretty similar.
- njarboe 9y ago
  How did you calculate the income tax in both places? If I put $100,000 US dollars in this[1] calculator I get an income tax rate of 34% for central park west in NYC (not including the employer side of FICA, which would at another 7.5% for a total of 41%). If I put $126,000 into this[2] calculator, I get an income tax rate of 31% of Ontario. Maybe there are other Canadian income taxes that this calculator does not account for? I'm American and don't know the details. The EI (Employment Insurance) is also taken out in America, but not usually included as an income tax. [1] https://smartasset.com/taxes/new-york-tax-calculator#UYCGKmAi8O https://smartasset.com/taxes/new-york-tax-calculator#UYCGKmA... Total income: $100,000 Federal $17,443 FICA $7,650 State $5,610 Local $3,234 Total Income Taxes $33,937 [2] https://simpletax.ca/calculator https://simpletax.ca/calculator Total income $ 126,000 Federal tax $ 22,752 Provincial tax $ 12,511 CPP/EI premiums $ 3,400 Total tax $ 38,664
deleted 9y ago
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bryanlarsen 9y ago

"low tax, anti-government strongholds of NYC and DC" Compared to the author's Ontario, Canada? Yes, they are.

strictnein 9y ago
Put $100k into each of these: http://www.ey.com/ca/en/services/tax/tax-calculators-2017-personal-tax http://www.ey.com/ca/en/services/tax/tax-calculators-2017-pe... https://smartasset.com/taxes/new-york-tax-calculator#iCk2xoXx48 https://smartasset.com/taxes/new-york-tax-calculator#iCk2xoX... Then add another ~3.5% for living in NYC. There's at worst on almost equal footing. More than likely the person in NYC will pay more.
Cuuugi 9y ago
Ontario has the largest non-sovereign debt anywhere. In the world... If you are looking for example for a solid economic policy Ontario should be the farthest thing from. http://business.financialpost.com/news/economy/with-twice-the-debt-of-california-ontario-is-now-the-worlds-most-indebted-sub-sovereign-borrower/wcm/30c38ab9-4a3f-4f39-ac95-4d9516013d89 http://business.financialpost.com/news/economy/with-twice-th...
ameister14 9y ago
The yearly budget of New York City is around 85 billion dollars.

DKnoll 9y ago

Adjusting for the exchange rate and using my own salary as a test, my income tax in Ontario is double that of somebody living in NYC. Also our sales tax is 13% in Ontario versus 8.875% in NYC. From what I can tell residential property tax rates are pretty similar.

njarboe 9y ago
How did you calculate the income tax in both places? If I put $100,000 US dollars in this[1] calculator I get an income tax rate of 34% for central park west in NYC (not including the employer side of FICA, which would at another 7.5% for a total of 41%). If I put $126,000 into this[2] calculator, I get an income tax rate of 31% of Ontario. Maybe there are other Canadian income taxes that this calculator does not account for? I'm American and don't know the details. The EI (Employment Insurance) is also taken out in America, but not usually included as an income tax. [1] https://smartasset.com/taxes/new-york-tax-calculator#UYCGKmAi8O https://smartasset.com/taxes/new-york-tax-calculator#UYCGKmA... Total income: $100,000 Federal $17,443 FICA $7,650 State $5,610 Local $3,234 Total Income Taxes $33,937 [2] https://simpletax.ca/calculator https://simpletax.ca/calculator Total income $ 126,000 Federal tax $ 22,752 Provincial tax $ 12,511 CPP/EI premiums $ 3,400 Total tax $ 38,664

deleted 9y ago

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