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> If you mention health insurance for the taxes, that's actually taxed to employers in BC, not employees, so it's not part of the taxes I pay. You actually sho
by nojokes 6y ago
> If you mention health insurance for the taxes, that's actually taxed to employers in BC, not employees, so it's not part of the taxes I pay.
You actually should take this into account as this is in fact a part of the expenses for the employer to employ you.
Different countries play it differently.
For example some countries in EU have health and pension insurance excluded from the salary such that employee only sees the income tax deduced from the salary.
In another countries employee sees half of the insurance and the other half is considered as "employer contribution".
How ever you split it, it is still expense.
This becomes self evident when you happen to be self employed.
- mrep 6y agoYes, both employer and employee taxes affect the tax wedge [0] and you should factor both in when calculating how much you are taxed as your employer 100% is factoring in the employer tax when calculating how much to pay you. [0]: https://en.wikipedia.org/wiki/Tax_wedge https://en.wikipedia.org/wiki/Tax_wedge