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> If you don't mind paying incredibly high taxes for health care or having other people subsidize it for you, then you will probably enjoy socialized medical ca

> If you don't mind paying incredibly high taxes for health care or having other people subsidize it for you, then you will probably enjoy socialized medical care. I have no problem with my bracket (32%) going up to 50-60% or so if it means I don't have to worry about my parents getting the kind of care they're getting now under the American system.

halostatue 7y ago
The best part is that it isn’t that high and the parent you’re responding to is speaking relatively nonsense. I’m in one of the higher tax brackets in Canada and my _net_ tax rate for 2018 was 28.74%—and that is both _federal_ and _provincial_ taxes. Per Revenue Canada documentation, the 2019 rates will be: * 15% on the first $47,630 of taxable income, plus * 20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259), plus * 26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667), plus * 29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus * 33% of taxable income over $210,371 Ontario adds on to that: * 5.05% on the first $43,906 of taxable income, + * 9.15% on the next $43,907, + * 11.16% on the next $62,187, + * 12.16% on the next $70,000, + * 13.16 % on the amount over $220,000 https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html https://www.canada.ca/en/revenue-agency/services/tax/individ... I’m in the third tax bracket. My wife and I together would be in the fourth (but income taxes are not blended that way). So…no, Canadian taxes are not, and have never been as bad as people say. (Before I émigrated, my wife and I made the same amount of money one year—and I paid more in state and US federal taxes than she did, in the 90s.) And I get healthcare and a healthy society out of it.

halostatue 7y ago

The best part is that it isn’t that high and the parent you’re responding to is speaking relatively nonsense. I’m in one of the higher tax brackets in Canada and my _net_ tax rate for 2018 was 28.74%—and that is both _federal_ and _provincial_ taxes. Per Revenue Canada documentation, the 2019 rates will be: * 15% on the first $47,630 of taxable income, plus * 20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259), plus * 26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667), plus * 29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus * 33% of taxable income over $210,371 Ontario adds on to that: * 5.05% on the first $43,906 of taxable income, + * 9.15% on the next $43,907, + * 11.16% on the next $62,187, + * 12.16% on the next $70,000, + * 13.16 % on the amount over $220,000 https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html https://www.canada.ca/en/revenue-agency/services/tax/individ... I’m in the third tax bracket. My wife and I together would be in the fourth (but income taxes are not blended that way). So…no, Canadian taxes are not, and have never been as bad as people say. (Before I émigrated, my wife and I made the same amount of money one year—and I paid more in state and US federal taxes than she did, in the 90s.) And I get healthcare and a healthy society out of it.