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Old 02-04-2010, 06:17 PM   #1
Tmall
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Default Highest and lowest taxed countries..

Remember how you all think our taxes are 300 times higher than yours?

http://www.businesspundit.com/12-cou...est-tax-rates/

Turns out, it's not that different.
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Old 02-04-2010, 07:28 PM   #2
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Too bad that doesn't take into effect GST and HST.

add another 15% is you intend to purchase anything with your money.
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Old 02-04-2010, 07:33 PM   #3
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Old 02-04-2010, 10:09 PM   #4
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Too bad that doesn't take into effect GST and HST.

add another 15% is you intend to purchase anything with your money.
Not to mention that you guys are paying a higher average rate on a lower average income.

I'm not sure how your deductions work but an average income earner in the US with a 27% marginal rate will end up with an effective rate around 12%.
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Old 02-04-2010, 10:33 PM   #5
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Not to mention that you guys are paying a higher average rate on a lower average income.

I'm not sure how your deductions work but an average income earner in the US with a 27% marginal rate will end up with an effective rate around 12%.
Good point about the marginal vs. effective tax rate. I hadn't caught that in the story.
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Old 02-04-2010, 11:20 PM   #6
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We may have GST or PST or even HST ( unless you live in Alberta) but I paid a HELL of a lot more sales tax and my house taxes were astronomical when I lived in Texas.. Plus I make almost double here than I did teaching there, actually when I figured it out just now, I take home double.
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Old 02-04-2010, 11:32 PM   #7
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Originally Posted by sherri_chickie View Post
We may have GST or PST or even HST ( unless you live in Alberta) but I paid a HELL of a lot more sales tax and my house taxes were astronomical when I lived in Texas.. Plus I make almost double here than I did teaching there, actually when I figured it out just now, I take home double.
Texas property taxes are very high.

As far as sales tax:

You live in Alberta, the only province without a PST.

Even so, the sales tax there is 5%. It is 6.25% in Texas.

If were are paying a HELL of a lot more sales tax in Texas then something was wrong.

Most provinces have combined sales taxes between 12% & 13%. That is a HELL of a lot more than Texas, or most states for that matter.
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Old 02-04-2010, 11:39 PM   #8
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I paid 8.25% sales tax but I think that a portion of that was a Harris Country or city of Houston tax.

And you are totally right about the sales tax in most provinces.. which I why I never shop when I go anywhere.

I paid 4x the tax on my house in Texas than I do for my house here which is valued at double my house down there.. OUCH. ( mind you I got 1/3rd of the house for double the money, so... hmmm)

But I do like that I make and take home a lot more, but teachers in the states are wayyy underpaid! ( threadjack)
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Old 02-04-2010, 11:53 PM   #9
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I paid 8.25% sales tax but I think that a portion of that was a Harris Country or city of Houston tax.
Yeah.

8.25% is the state max. The additional 2% was from the local county/city/etc.

I'm glad to hear that teachers up there are compensated more reasonably. I wish it was true here.
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Old 02-05-2010, 12:03 AM   #10
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Originally Posted by shmike View Post
Not to mention that you guys are paying a higher average rate on a lower average income.

I'm not sure how your deductions work but an average income earner in the US with a 27% marginal rate will end up with an effective rate around 12%.
Yep...with my writeoffs, my effective rate was 12% this year.
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