Quote:
Originally posted by rogue49
While I "might" agree that we pay low federal taxes,
this is on top of the SS tax
AND the state taxes
AND the other fees etc. out of our paycheck.
At the rate I'm at right now, basically 50% of my pay goes to various entities and programs.
(please note I don't own a home where the morgage rate can be written off)
But I don't know about those Netherlands rates from your link
You mean to say at about 46 thou, you get ONLY 10% of your income afterwards?
That's just silly.
I don't mind the simple math, and I don't mind taxes
but I would like some freedom to live.
There is a balance to everything.
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Well, I have to pay:
Provincial sales tax - 8% on purchases
Goods and Service Tax (federal sales tax) - 7% on all purchases
Property taxes $3600 per year (not deductable either)
Canada Pension Premiums (Don't know what it is)
Unemployment Insurance (Don't know what that is either)
So don't feel too sorry for yourself, you still pay less taxes than any other G7 nation by far.
Unless US GDP does some very impressive climbing in the future, you are going to be faced with a very real deficit problem.
You are either going to have to do a massive services cut (including the military) or start paying more taxes.
Take your pick, it's simple math