Local Taxes and Spending around the world.

[Marks]

In Canada there are federal and provincial taxes:

Federal is as follows (copied directly from the gov't of Canada website):

• 15% on the first $41,544 of taxable income, +
• 22% on the next $41,544 of taxable income (on the portion of taxable income between $41,544 and $83,088), +
• 26% on the next $45,712 of taxable income (on the portion of taxable income between $83,088 and $128,800), +
• 29% of taxable income over $128,800.

Provincial is as follows (differs province to province, I'm using Ontario b/c its my home province):

5.05% on the first $37,774 of taxable income, +
9.15% on the next $37,776, +
11.16% on the amount over $75,550

 

So if you make $50,000 you're paying around $8,093 federally and $3,026 provincially for a total taxing of $11,119. So you're left with $38,881 after the taxman takes his cut. 

And of course that's just income tax. That doesn't even take into account paying into the gov't ponzi scheme a.k.a. Social Security, 13% sales tax on everything you buy (I think food is either tax free or like 5% though), and whatever other taxes we pay. 

 

For all that you get free education until grade 12, subsidized costs for post secondary, health care, welfare, social security payments (conditionally), worker's comp, and whatever else we get.