3 ms·
Marginal tax gets above 50% pretty quickly. For example Ontario takes a bit about 200k a year to get >50%. For average tax rate yes you’ll need a lot more. 800k
by yibg 7y ago
Marginal tax gets above 50% pretty quickly. For example Ontario takes a bit about 200k a year to get >50%. For average tax rate yes you’ll need a lot more. 800k a year gets you pretty close at 49.1%. Sounds like a lot but that’s “only” 600k usd at today’s exchange rate. High but in the ball park of a staff level engineer at Facebook or google.