Films/DVD Asylum

Posted by RGA (R) on April 27, 2022 at 19:39:13

In Reply to: RE: Yes posted by RGA on April 27, 2022 at 19:09:54

Canadians pay more taxes than Americans - I know the Toronto Blue Jays players sit middle of the pack in Major League Baseball so it's not as bad as I would have thought for the millionaires - they managed to convince them to play in Toronto so they would not go there if the taxes were a lot higher.

In Canada there ZERO income tax on the first $13,229 earned. So if that's all you made in a year - you would pay no income tax. If you made a million well you still pay no income tax on that first $13,229. 100% free and clear in your pocket. And you get full free healthcare for you and your family even with million-dollar operations - not too shabby. If the expert for your operation is in Brazil or India or America - you will get sent there for your operation - free. Sweet eh?

But then the harsher taxes come

From $13,230 to $50,197 of taxable income, you have to pay 15%

20.5% on the next $50,195 of taxable income (on the portion of taxable income over 50,197 up to $100,392), plus
26% on the next $55,233 of taxable income (on the portion of taxable income over $100,392 up to $155,625), plus
29% on the next $66,083 of taxable income (on the portion of taxable income over 155,625 up to $221,708), plus
33% of taxable income over $221,708