4 ms·
The “taxes” assessment is also way off as soon as the numbers a bit larger. In Ontario, you’ll hit the top marginal rate of 54% just north of 200k CAD (140k US
by amscanne 6y ago
The “taxes” assessment is also way off as soon as the numbers a bit larger.
In Ontario, you’ll hit the top marginal rate of 54% just north of 200k CAD (140k USD), and you’ll already have an effective rate of ~36% so you’re only keeping ~130k and giving most incremental earnings to the government.
In Washington state, your effective tax rate on that much is ~25% and so is your marginal rate. The marginal rises to at most 37% above 700k CAD.
California and New York are probably 5-10% more (progressively), but that still puts it a ~10% under Ontario.