4 ms·
Also, taxes aren't high.
by redthrowaway 14y ago
Also, taxes aren't high.
- refurb 14y agoIt's all relative, no? Long ago, when I moved to the US from Canada, I figure out what I'd owe in tax in Canada vs. what I was paying in the US. Keep in mind that I owed a home (mortgage interest deduction) and maxed out my 401k (which isn't a % of income like Canada). I was only making $50K/yr, but I was taking home an extra $5K by living in the US and not Canada. 10% more income is pretty good, no?
- redthrowaway 14y agoDepends how long ago you were here, but we've been seeing tax rates fall pretty consistently for a decade.
- refurb 14y agoAdd it all depends on what state/provinces you're comparing. I would fathom to guess that the lowest in Canada vs. the highest in the US isn't all that different, especially if you don't take advantage of country specific deductions.
- redthrowaway 14y agoWell, for example, Albertans pay less tax (federal and provincial combined) than Californians, but more than Washingtonians (who pay no tax, but also have to pay for their own healthcare). Keep in mind, raw salaries tend to be higher in Canada, as is cost of living. It'd be pretty complicated to actually sit down and puzzle out real take-home wages as compared to PPP, but I doubt there'd be a massive difference.