Quote (excellence @ Jun 26 2022 05:44pm)
im at > 35% total in taxes taken out of my paycheck.
im fine with this clip, im not fine with what we get out of it in America. Europeans and Canadians get a much better bang for their tax buck.
This, despite being Canadian I think we can do better although we are leaps and bounds ahead of you guys.
My average rate is well into the 30s not including CPP and EI contributions (which ill never use and any OAS in the future is going to be clawed back) and my marginal rate is the highest rate.
I have no issues with this. While I would say its a bit disincentivising knowing every additional dollar I make I lose half It dosen't stop me from putting in the additional time the majority of the time.
With all that said, watching our the Federal and Provincial Government squander away money, miss infrastructure deadlines due to "capacity issues"and just the huge loss due to the amount of red tape we have in place now is concerning.
lets look at whats in the news today. Our deep sea port is now postponed another year because no management plan is in place. How was nothing done for the past four years it was being developed, how is it that only now the year it was supposed to open up, operation costs are just being considered. Capacity issues are cited and yet when you look at the government website there are zero open positions in Economic Development & Transportation's department.
This post was edited by SBD on Jun 27 2022 09:41am