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Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
My uncle lives in Canada he doesn’t give a shit about Trump. 53 is pretty close to 60 and maybe the province he lives in has an impact as well, but to my point Basketball players making $20,000,000 Will get taxed more in Canada than California.
Enjoy watching multi millionaire hypocrites play basketball, while telling white people they are all privileged and racist.
Hope that no black man resists arrest and threatens a police officer with a weapon, because the season will get canceled again
turbotax.intuit.ca
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
My uncle lives in Canada he doesn’t give a shit about Trump. 53 is pretty close to 60 and maybe the province he lives in has an impact as well, but to my point Basketball players making $20,000,000 Will get taxed more in Canada than California.
Enjoy watching multi millionaire hypocrites play basketball, while telling white people they are all privileged and racist.
Hope that no black man resists arrest and threatens a police officer with a weapon, because the season will get canceled again
You lose, Canada is VERY comparable to California if not LESS.
In tax-year 2020*, Canada’s Income Tax Brackets are:
- 15% on the first $48,535 of taxable income, plus
- 20.5% on the next $48,534 of taxable income (on the portion of taxable income over $48,535 up to $97,069), plus
- 26% on the next $53,404 of taxable income (on the portion of taxable income over $97,069 up to $150,473), plus
- 29% on the next $63,895 of taxable income (on the portion of taxable income over $150,473 up to $214,368), plus
- 33% of taxable income over $214,368
Canada Income Tax Brackets 2024: Federal Tax Brackets & Rates | 2024 TurboTax® Canada Tips
Need some clarity On Canada's Federal Tax Brackets for 2024? We help you with the best tax information. Join us for tax tips that will help you with info on tax brackets in Canada 2024. Better Info. Bigger Refund. Visit TurboTax Canada Today.
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
My uncle lives in Canada he doesn’t give a shit about Trump. 53 is pretty close to 60 and maybe the province he lives in has an impact as well, but to my point Basketball players making $20,000,000 Will get taxed more in Canada than California.
Enjoy watching multi millionaire hypocrites play basketball, while telling white people they are all privileged and racist.
Hope that no black man resists arrest and threatens a police officer with a weapon, because the season will get canceled again
You lose, Canada is VERY comparable to California if not LESS.
In tax-year 2020*, Canada’s Income Tax Brackets are:
- 15% on the first $48,535 of taxable income, plus
- 20.5% on the next $48,534 of taxable income (on the portion of taxable income over $48,535 up to $97,069), plus
- 26% on the next $53,404 of taxable income (on the portion of taxable income over $97,069 up to $150,473), plus
- 29% on the next $63,895 of taxable income (on the portion of taxable income over $150,473 up to $214,368), plus
- 33% of taxable income over $214,368
Canada Income Tax Brackets 2024: Federal Tax Brackets & Rates | 2024 TurboTax® Canada Tips
Need some clarity On Canada's Federal Tax Brackets for 2024? We help you with the best tax information. Join us for tax tips that will help you with info on tax brackets in Canada 2024. Better Info. Bigger Refund. Visit TurboTax Canada Today.
You need to enroll yourself at Kumon math. You just told me Canada taxes 38% now it’s 33%.
Tell me how much Californians pay when making $20,000,000 including state, federal, Social security and Medicaid. Then compare it to Canada’s and everything they tax.
then if you’re correct you can take home you’re imaginary trophy.
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
My uncle lives in Canada he doesn’t give a shit about Trump. 53 is pretty close to 60 and maybe the province he lives in has an impact as well, but to my point Basketball players making $20,000,000 Will get taxed more in Canada than California.
Enjoy watching multi millionaire hypocrites play basketball, while telling white people they are all privileged and racist.
Hope that no black man resists arrest and threatens a police officer with a weapon, because the season will get canceled again
You lose, Canada is VERY comparable to California if not LESS.
In tax-year 2020*, Canada’s Income Tax Brackets are:
- 15% on the first $48,535 of taxable income, plus
- 20.5% on the next $48,534 of taxable income (on the portion of taxable income over $48,535 up to $97,069), plus
- 26% on the next $53,404 of taxable income (on the portion of taxable income over $97,069 up to $150,473), plus
- 29% on the next $63,895 of taxable income (on the portion of taxable income over $150,473 up to $214,368), plus
- 33% of taxable income over $214,368
Canada Income Tax Brackets 2024: Federal Tax Brackets & Rates | 2024 TurboTax® Canada Tips
Need some clarity On Canada's Federal Tax Brackets for 2024? We help you with the best tax information. Join us for tax tips that will help you with info on tax brackets in Canada 2024. Better Info. Bigger Refund. Visit TurboTax Canada Today.
You need to enroll yourself at Kumon math. You just told me Canada taxes 38% now it’s 33%.
Tell me how much Californians pay when making $20,000,000 including state, federal, Social security and Medicaid. Then compare it to Canada’s and everything they tax.
then if you’re correct you can take home you’re imaginary trophy.
To be fair I think both California and Canada are crazy for taxing what they do.
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
Which country has the highest tax rate?
In which countries do high earners pay the most tax? And where do average earners pay the most?
I know California is far left and full blown socialist but Justin Trudeau is a straight up thief.
My Canadian uncle pays around 60% tax for his 250k salary. I could only imagine the tax for an NBA player making 8 figures.
I'm willing to bet that your uncle is a Trump supporter who lies a lot.
If you make $250,000 a year living in the region of Ontario, Canada, you will be taxed $99,944. That means that your net pay will be $150,056 per year, or $12,505 per month. Your average tax rate is 39.98% and your marginal tax rate is 52.95%.
You can also hide your income in multiple ways, though it won't help athletes too much (though they are paid in U.S dollars) It used to be income splitting, which my wife and I used quite well when I snuck in a job under the noses of the creepy, covert Canadians and Harper was in power. We both would receive income tax back and I worked at a bank at the time making more than average, though not excessively more.
We also have RRSP contributions, which I believe shelters upwards of $25k a year if you have the cash. That is deducted from your year end income. $6k a year or so for TFSA. Both of these instruments force people to save, primarily because Canadas pension plan is in trouble, no matter what they tell us. Right off the top, someone in the top tax bracket can cut their tax obligations by $31k.
Also, a gross number of Canadians are in the "gig" economy (I call it gimmick), or part-time, contract, "I'm-never-going-to-retire-and-don't-have-a-company-pension=plan" bracket. We are broke in ways few understand. It's why we lose our top talent who go to other nations, help them with science, innovation, build A.I weapons that will eventually be used against us, you know, that sort of stuff.
You also have other ways to shelter of course. Canada is known for sheltering money overseas and not being chased down even if they owe CRA millions (but if you owe them $500 as I did once or twice, look out, they hunt you down). I was audited three years in a row when I had a real job, and was also audited recently just to stick the knife and twist, as these most honourable are apt to do.
In my estimation, without question you will keep more of your money in the U.S, and, it goes further. ($14k more PPP in USA) We don't even talk about PST+GST, which is I think 13% now on items in Ontario. Used to be 15%. That's on basically everything you purchase, only 8% if it's a service. It's just a racket to fill the pockets of poor managers, the kakistocracy and their low performing Offspring.
Also we have forced insurance. Homes, cars, boats. A very uncompetitive free market, so you overpay for everything. From cable, phone to financial services and the above states insurance.
If you have talent stay in America. If you have a special job waiting for you, move to Canada. If you are a low performer and want government to keep you mediocre (or persona non grata) in return for being owned by the state, spying on your kids, family, in your workplace, at HR, management, your nosey, neighbours. Than, Canada is for you.
If you like individual liberty, Right to Self Determination, reaching your potential and government out of your business (in most states), where Free Markets decide your salary and the downward pressure on costs, stay in America.
I'm sitting with an award from my graduating Class for top of class marks. A nomination for an award at a major corporation for a geographic, was in my MBA, tireless and constantly pushing myself. It means little in a low performing, creepy, centrally controlled system that allows exploitation of its most vulnerable. It's a predatory system that targets it's youth in particular.
If the creeps within the police apparatus put your name in a hat when you're a kid, criminal record or not, criminal history or not, strength of character or not, you're just another sacrifice for the bloated abusers. They take pleasure in this. Those of us destroyed, like citizens in the former East Germany watch with minor amusement as the rest of the world is indifferent to Canada. Our future economic health in particular, in grave danger.
Happy Sunday!
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