Rod: Canadian tax rate: 50% + Surcharge taxes (Varies) (15%-29% federal + 5%-21% provincial + $0–$900CDN Health Premium + Surcharge Taxes
US tax rate: 55.9% (max of federal+state+local) 10%-39.6% (federal) +
0%-13.3% (state)+
0%-3% (local)
Both the rates are max. My rate is about 15% FED, 10% STATE (INCLUDING SALES TAX) and about the 3% for LOCAL. Works out to about 28%.
Now last time I was in Canada the sales tax was unbelievable! The exact same item 20 miles south of the border was 1/2 the price! You are paying the taxes but don't see it. I'm paying 6.5% sales tax in my state. I think this is a case of what you have heard, not necessarily what's actually happening. The only folks paying that 55.9% are people making in the excess of 600,000 dollars a year. That's a far cry from the about 28% I'm paying.
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Today's Featured Article - Fire in the Field A hay fire is no laughing matter-well, maybe one was! And a good life-lesson, too. Following World War II many farm boys returned home both older and wiser. One such man was my employer the summer I was sixteen. He was a farmer by birth and a farmer by choice, and like many returning soldiers, he was our silent hero: without medals or decorations, but with a certain ability to survive. It was on his farm that I learned to use the combination hand clutch and brake on a John D
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