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|    Message 6,690 of 8,306    |
|    Determinator to Jason    |
|    Re: Tax freedom Calculation Time    |
|    05 Jan 07 04:22:11    |
      XPost: ab.general, ab.politics, calgary.general       XPost: can.general, can.taxes, ont.politics       From: Determinator@fubar.ca              Jason wrote:       > Canuck57 wrote:       >> Lets say you earn $60,000, pay $27,000 in income taxes. Of which a       >> smaller portion is federal. Say $18,000. The feds kick in 7.5% of       >> this to provincial health care. About $1350.       >>       >       >       >       > A single person in BC with employment income of $60,000 would pay       > $12,742 in federal AND BC income tax.       >       > In Alberta it would be $13,240, Ontario would be $13,340 and even NFLD       > would be $15,988.       >       > None of these come even close to your farcical estimate of $18,000 for       > just federal income tax.       >       > I guess you meant to say for ALL taxes in Canada (GST, alcohol/tobacco,       > income, property, etc).       >       > Let's just be chalk it up to a simple mistake since your tax is deducted       > at source and, therefore, you don't actually have any idea how much       > income tax a person really does pay in any given year.       >       >              i dunno about this fraser calculation....              If I add my income tax, my property/school taxes, GST and ad another       25% to account for hidden excise fees...              I'm still only pay about 25% of my annual income to taxes              so... my tax freedom day is roughly March 31.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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