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The parent was discussing max tax rate. As a software dev you would presumably be much close to the max rate than the average (at least in the US)
by frockington1 7y ago
The parent was discussing max tax rate. As a software dev you would presumably be much close to the max rate than the average (at least in the US)
- tta 7y agoYou appear to be misunderstanding the definition of "average" in this context. The first ~50k of your income is taxed at ~20%, the next ~50k is taxed at ~30%, and so on. The average of these percentages gets you to a ~39% average tax rate for 250k income. Here's a detailed example (grep for "Average tax rate"): https://www.canada.ca/en/financial-consumer-agency/services/financial-toolkit/taxes/taxes-2/5.html https://www.canada.ca/en/financial-consumer-agency/services/...
- frockington1 7y agoAh you're right, reading comprehension was not high there on my part