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That's pretty average (which is a good thing). Japan: 20% China: 20% India: 13% UK: 24% Italy: 26% Germany: 26% France: 30% Then there's Canada of cours
by nostromo 1y ago
That's pretty average (which is a good thing).
Japan: 20%
China: 20%
India: 13%
UK: 24%
Italy: 26%
Germany: 26%
France: 30%
Then there's Canada of course... 50% with a proposal to make it 66% in 2026. Let's see how that works out!
- pseudo0 1y agoIsn't it a 50% inclusion rate for capital gains in Canada? That works out to a maximum tax rate of 27% in the top tax bracket. And they canceled the proposed increase to a 66% inclusion rate, which is probably smart considering how a ton of rich Canadians already move to Florida.
- ehfeng 1y agoYou should include state taxes, which in CA's case tops at 13.3% and 3.8% NII, bringing the total to 37.1%.
- lern_too_spel 1y agoNot that increasing taxes on capital gains is the way to go, but America's wealthy aren't going to move to China or India.