From: ahk@chinet.com   
      
   The Horny Goat  wrote:   
      
   >In fairness Adam in Canada municipal taxes are based on property   
   >values not on incomes. Most Canadian provinces allow homeowners 65+ to   
   >defer their municipal taxes as a 'loan' at roughly 1/2 the going rate   
   >payable when the property changes hands either by sale or inheritance.   
      
   Property taxes are significant local revenue throughout the country. My   
   state has a similar program for tax deferral for seniors with income   
   below $75,000, defering up to $7,500 a year.   
      
   >Federal and provincial income taxes in Canada are based on income as   
   >in the US.   
      
   >Please understand that's the 10000 ft level and that there are   
   >substantial differences between US and Canadian tax systems.   
      
   >Or do you something different by "out of work"? (I'm not aware that's   
   >a standard US tax term)   
      
   Taxes are paid out of wages, or from savings that came from wages. But   
   taxes on land are land's earning, coming from economic rent.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)