Merry Christmas Rich Americans
Dec 21, 2007
My current effective income tax rate in Ontario is approx. 20% and that's just after one year of employment. By comparison the fourth 20% in the US has an effective rate of 17.4% on all federal taxes.
What's worse is that I've to pay a 14% sales tax on most items. Let's say I start with a pre-tax income of $2000 a month. The federal tax takes away $400. Then, since not all products have the sales tax applied, let's say the effective sales tax is 10%.
I go from $1600 to $1440. Thus, my overall combined tax rate on all income comes out to 28%. That is so not cool.
please fall sick and get hospitalized and then I will ask you about this.
he he he. just kidding. I don't wish that , but I hope you get my point.
Posted by: Tambi Dude | Dec 21, 2007 at 07:59 PM
please fall sick and get hospitalized and then I will ask you about this.
he he he. just kidding. I don't wish that , but I hope you get my point.
Posted by: Tambi Dude | Dec 21, 2007 at 07:59 PM
Isaac, is there a problem in your blog. This is the second time my comment got posted twice.
Posted by: Tambi Dude | Dec 21, 2007 at 08:03 PM
My health care is provided by my employer, even though I'm Canadian. And I know full well that if I ever need any serious medical help, I'll probably seek it in the US instead. All that your example illustrates is that "free healthcare" isn't really free.
Posted by: Alex | Dec 21, 2007 at 08:30 PM
Tambi Dude: I've had over a dozen comments in the past few days but for some reason the double posting only happened in your case.
Next time, if you can, try leaving a comment from a different browser or a computer. If the problem persists, then I'm not sure of the cause ... I'll simply delete your double comments in the future.
Posted by: Isaac Schrödinger | Dec 21, 2007 at 08:55 PM