The Conservative Cave

Current Events => Economics => Topic started by: franksolich on March 31, 2011, 08:32:45 PM

Title: Canada has lower taxes than the U.S. (apparently)
Post by: franksolich on March 31, 2011, 08:32:45 PM

http://punditpress.blogspot.com/2011/03/depressing-canadas-highest-income-tax.html

Wow.

Quote

Depressing: Canada's Highest Income Tax Rate is 29%

Have you ever researched Canada's income tax brackets?

Until this morning, I hadn't either.

However, the numbers will probably make your head spin.

In Canada, which Americans have long called a "quasi-capitalistic" state in jest, the highest earners pay 29% in federal income taxes. For those of you playing at home, or work - that is almost 17% less than in the United States. And Canadian corporations pay nearly 50% less than their American counterparts.

Is your head spinning yet?

Those numbers explain why Canada didn't suffer during the 2007-09 recession, and why Irish immigrants are no longer coming to America for work, but to our friends in the Artic North.

America must ask herself this very important* question: are we really going to allow economic conditions to be more favorable for businesses in Canada than here? The answer should be short and simple: absolutely not.

Title: Re: Canada has lower taxes than the U.S. (apparently)
Post by: Chris_ on March 31, 2011, 08:33:43 PM

And the liberal coalition is about to piss that away after forcing a new election in 30 days in their hopes of getting Harper out of office.

Title: Re: Canada has lower taxes than the U.S. (apparently)
Post by: compaqxp on April 01, 2011, 04:34:08 AM

Quote from: chris_ on March 31, 2011, 08:33:43 PM

And the liberal coalition is about to piss that away after forcing a new election in 30 days in their hopes of getting Harper out of office.

Which is why I'm not voting NDP this time and will be voting for the Conservatives. Coalitions don't scare me but a coalition with Iggy concerns me.

The Liberal party had it's day, the NDP need a new leader and the greens aren't worth talking about.

As it is we only have one group fit to lead the country right now.

I personally like how the economy up here has done and how our dollar is worth more then yours now.

Title: Re: Canada has lower taxes than the U.S. (apparently)
Post by: JohnnyReb on April 01, 2011, 05:24:14 AM

Canadian dollar worth more than US? hmmmm...that happened once before that I know of, back in the early 70's....when there was a shortage of oil/energy. I wonder if that could be cause?

What else does Canada tax and at what rates is what I'd like to know. Here in the US everything we buy has a hidden tax/fee on it some where. Excise taxes, reclamation fees or just a plain old "we don't like this product charge" of some description.