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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: chaz who wrote (9262)	10/31/1999 12:54:00 AM
From: Kayaker	Read Replies (1) of 54805

Many complain of our unfair tax burden...they haven't lived or paid taxes in Canada, England, the Scandanavian countries...you get the point. Ain't that the truth. British Columbia, where I live/pay, top marginal rate on income is 53% and kicks in around 60-70k. Top capital gains rate around 43%. No long term capital gains rate. If you do a significant amount of stock trading you lose ability to claim capital gains and must claim as income @ 53%. Fourteen percent (7% provincial, 7% federal) sales tax rate. The federal is a "good and services" tax (GST) so applies to all services as well as goods. So, get your car tuned and pay 14% on parts plus 7% GST on labor. Get your hair cut, add in 7% GST. Buy a real estate lot from a developer, add on 7%. British Columbia -- highest taxed jurisdiction in North America.

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