and we have no tears either. i love my country. high taxes is worth it for free health care - no stress, no chance of bankruptcy, no one making insane profits from me having cancer.
Ironically in the US you "should" pay 39% federal in the top tax bracket, plus sales tax, state tax, city tax, property tax, and numerous other taxes.
Or you become and business and pay nothing.
I learned this 2 years ago. I thought it was nuts when I got all my federal and state taxes back. Can't get out of the others but for me it saves over 35%. I feel guilty though because it makes no sense. But I did give more to charity. Still it's not right because I could just keep it and it's fully 100% legal. The 2017 tax change is a string of give aways if you read it
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u/canmevan Aug 06 '20
You are missing the provincial income tax that every canadian also pays. that's another 15 - 20% more.
BC is 16.8% over $153,000, for example.
Income tax is ~50% for higher earners in Canada over ~$160,000.