lettuce discuss this. Canadians Among Least-Taxed People In

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#9049971 - 06/06/17 09:42 AM lettuce discuss this. Canadians Among Least-Taxed People In
c2k c2k Post Master Supreme Registered: 05/21/00 Posts: 19291 Loc: Wiesloch-Walldorf, Germany	souce: https://www.reddit.com/r/PersonalFinance...e_in_developed/ Apparently we rank 25 out of 35. http://www.huffingtonpost.ca/2017/06/04/taxes-canada_n_16950242.html http://www.broadbentinstitute.ca/the_brass_tax TL;DR (from the executive summary): The effective tax rate including income, payroll, and commodity taxes for the typical Canadian family is 24%, a little over half of the 40% plus claimed by the Fraser Institute. The typical effective tax rate for a Canadian family, for income tax only, is 11%. The typical working Canadian individual aged 25 to 54 pays a rate of approximately 14% in income taxes. Only 20% of working Canadians pay more than 20% of their income as income taxes. The typical income tax rate for Canadians in the middle of the income distribution is 10% to 19%. Only 2% of working Canadians pay more than 30%. For Canadians that earn more than $250,000, their average income tax rate was 29%. The share of income tax paid by the top 1%, has increased from 12% to 20% over the last 32 years. This is due to their share of all income increasing from 7% to 10% — a 45% jump. Their income tax rate has, in fact, been falling since 2000. (Note above when they say "typical" they mean median (not average). Most interesting to me was the analysis (take down, really) of the Fraser Institute's Tax Freedom Day calculation. _________________________ Who cares
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#9050004 - 06/06/17 10:05 AM Re: lettuce discuss this. Canadians Among Least-Taxed People In [Re: c2k]
Screamin Type ARGH! Screamin Type ARGH! High Value Poster Post Master Supreme Registered: 02/20/01 Posts: 47669 Loc: T.O. - Canaduh	WAT but most of us already knew those top 10-12 were high tax countries. i'd be shocked if we truly are that low... _________________________ "Ban low performance drivers, not high performance cars"
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#9050043 - 06/06/17 10:31 AM Re: lettuce discuss this. Canadians Among Least-Taxed People In [Re: Screamin Type ARGH!]
LNXGUY LNXGUY Post Master Supreme Registered: 08/06/00 Posts: 106985 Loc: Barrie, Ont,	WTF where can I sign up for those tax brackets? _________________________ -Bill The GN would OWN you, your children and your children's children. '09 E90 335d
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#9050050 - 06/06/17 10:33 AM Re: lettuce discuss this. Canadians Among Least-Taxed People In [Re: LNXGUY]
JEFFOS JEFFOS Post Master Supreme Registered: 01/27/00 Posts: 29150 Loc: Toronto	Rofl yeah I don't pay anywhere close to that. Half plus another 13% when we buy something, stupid insurance rates, cell phone bills and hydro prices Plus housing is stil high _________________________ -Jeff
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#9050471 - 06/06/17 04:19 PM Re: lettuce discuss this. Canadians Among Least-Taxed People In [Re: JEFFOS]
Just A Troll Just A Troll Curved Street Thug Life Post Master Registered: 09/24/09 Posts: 2221	Greece is higher that us? WTF? Dodging taxes is like a national pass time over there. That's part of what led to their economic crissis. I seriously doubt the accuracy of this report. _________________________ I don't need to use this space to show off my car or my camera gear.
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