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0 points52-6F-626y ago0 comments

But in the context of Canada versus USA the difference seems marginal.

https://neuvoo.ca/tax-calculator/?iam=&uet_calculate=calcula...

Using the USD equivalent amount in CA https://neuvoo.com/tax-calculator/?iam=&uet_calculate=calcul...

Works out to ~$74k

And that’s including our healthcare and other social services. That ~$2000 CAD goes a long, long way and I’d rather have it doing what it’s doing than gain it for what I’d lose.

And the marginal rate is not what you end up paying.

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wolco6y ago· 2 in thread

That's $2000+ more at 100,000 to 110,000. If we pick a different state even more. 5700 left out of 10000.

I know a lot of worthy causes that could benefit from the $2000 where it would make a meanful impact.

52-6F-62OP6y ago

I don’t understand what you’re trying to say. In my example the $2000 CAD paid in Canada to taxes at the same income in Ontario versus California goes to fund one of the worlds highest ranked public education and healthcare systems. I’d call that a meaningful impact.

wolco6y ago

Healthcare is paid by the province. Take 42% of the province taxes only. Maybe $190. Most of the tax paid is federal. That means more of the $2000 goes to the military.

Still think it's a good idea? A lot of health related causes could use the remaining 2000.

And my 2000 figure is the difference you pay when making an extra 10,000 at the 100,000 level.

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