24 ms·
Huh? Tax rates are not 20% higher in Canada than in the US, and we somehow muddle through.
by freeone3000 8y ago
Huh? Tax rates are not 20% higher in Canada than in the US, and we somehow muddle through.
- h4b4n3r0 8y agoThat’s why I deliberately did not say income tax rates. They ream you in other ways. Canada’s taxes as percentage of GDP are 31.7%. US is 26%. And on top of that I was referring to Western Europe, where they are close to or above 50% GDP.
- freeone3000 8y agoThat's still 6%, not 20%. (It also pays for college tuition, childcare, and parental leave.) It's also a bit weird to do it as gdp percentage instead of individual percentage, which obscures the individual/business split.