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Non-Tech : Kirk's Market Thoughts
COHR 178.34-10.2%3:59 PM EST

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To: Elroy who wrote (12262)10/26/2021 5:47:15 PM
From: Sun Tzu  Read Replies (2) of 26764
 
Here's a good article on the US vs Canadian taxes. On average, Canadians pay ~3% higher taxes. But boy is that 3% used well!! You get decent universal healthcare, safe good public schools, extended unemployment, cleaner cities, no drive-by shooting gang wars, etc etc.

Leaving aside the parliamentary system, there are still many significant differences between the Canadian and US government systems. The Canadian system is much better.


Federal Income Taxes
U.S. federal income tax brackets range from 10% to 37% for individuals. In Canada, the range is 15% to 33%. In the U.S., the lowest tax bracket for the tax year ending 2019 is 10% for an individual earning $9,700 and jumps to 22% for those earning $39,476. The corresponding bottom Canadian bracket stays at 15% until $47,630. This is the bulk of the reason that lower-income Canadians are often better off than their American counterparts.

State Versus Provincial Income Taxes
Comparing state and provincial incomes taxes is a more problematic endeavor. State taxation is...
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