Quote:
Originally posted by ktsnake
Just did the math for someone making $113,800+ in Quebec. Income tax of 82%?!? WTF?
Please tell me that I'm just way off on this one. It seems like a legit site.
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I think you're doing your math wrong. The first chart just shows the federal rate.
The following charts show BOTH federal and provincial rates. The math is already done for you.
So Quebec they are only paying 53% not 82%.
So in Ontario, someone making $113,804 is paying 40.16%.
Also, I agree that taxes are an issues, but they're not the main issue. yes it is hard being a student and trying to raise a family on little to now income, but I'm sure it would be the same in the U.S regardless of taxes.
There are assistance programs, but if you don't know about them you don't get them.