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Old 01-10-2013, 09:15 AM
Erika Erika is offline
Senior Member
 
Join Date: May 2012
Location: Canada
Posts: 1,647
10 yr Member
Erika Erika is offline
Senior Member
 
Join Date: May 2012
Location: Canada
Posts: 1,647
10 yr Member
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If the USA goes the way of Canada, this is what your future looks like:

In Canada, with taxes upon taxes, the average middle class person pays over 50 % of earned income (includes taxes paid on disability and pension payments from private and government sources), back to government. The brunt of tax income comes from the working middle class and not from corporations which pay less that 23%; but the larger a corporation is, the more incentives they have available as tax write-offs...so some pay NO tax at all.

Lower and upper income earners pay far less income tax, due to available credits and deductions; but everyone still gets hit equally on products and services through Provincial Sales Taxes (PST 7%), the Harmonized Sales and Service taxes (HST 5%) and things like fuel taxes, carbon taxes, and an endless list of fees for everything from accessing hospital services to using roads via mass transit.

Tax Freedom Day is a simple, easy-to-understand measure of the total tax burden imposed on Canadian families by government. If Canadians had to pay all taxes up front, they would have to pay each and every dollar they earned to governments prior to Tax Freedom Day.
That day this year will be June 6th and sometime in August if additional fees are added in.

My advice to you is to watch your government and give careful consideration to what you wish for...you will pay for it in the end.

With love, Erika
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"Thanks for this!" says:
Kitt (01-10-2013), SallyC (01-10-2013)