Quote:
Originally Posted by RABAUKE
Yup, then add the 13% HST on every single purchase, user fee's, revenue tools and hidden taxes plus property tax and you're paying over 50%.
|
On over 200K household income, we're paying an effective combined federal/provincial rate of 20.6% (no deductions for kids either). BC has 5% GST and 7% PST (not harmonized) so 12% instead of 13% but if you want to compare to US, purchase sales taxes run from about 7% to 11% (only Delaware and Oregon don't have sales taxes). I know Ontario has higher taxes than BC, but if your comment meant that your total tax load was double ... probably close but if your actually comparing average US taxes to average Canadian taxes ... we're not that much different (they have gas taxes, we have gas taxes, they have road tolls, we don't in BC as of right now ... you might in Ontario, etc).
For all that, IMO we get a lot more value from our taxes than the US (notwithstanding some maddening political decisions every now and then).