Subject:
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Re: Canadian Tax!
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Wed, 3 May 2000 19:05:24 GMT
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Viewed:
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207 times
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In lugnet.off-topic.debate, Kevin Wilson writes:
> Richard, you need to be sure you're comparing apples with apples. If you
> scroll down in that Fraser Institute tax calc page you'll find this:
>
> > The Personal Tax Freedom Day calculator, like Tax Freedom Day, includes all
> > taxes from all levels of government that Canadians pay. This includes: income
> > & sales taxes; liquor, tobacco, amusement & other excise taxes; automobile,
> > fuel, & motor vehicle licence taxes; CPP/QPP and EI contributions, medial &
> > hospital taxes; property taxes; import duties; profit taxes; and natural
> > resource levies.
>
> So you are not just looking at income tax here, and to truly compare
> with the UK you'll need to add in the UK equivalents of all the above
> taxes. That means all the GST you pay in a year, road tax, rates,
> pension contributions (that's CPP) and unemployemnt insurance (EI),
> national health contributions, etc etc. Betcha the UK actually looks
> worse when you add all that lot in!
D'oh! Thanks for clearing that up for me - I'm a bit inept at this whole
finance stuff - it consists of the tautology: "I like coding, people foolishly
pay me to code, then I buy LEGO" :)
You're probably right about the UK being worse overall - the 17.5% VAT on most
goods will bump it up a lot!
> When I did the tax freedom day on my own situation, for example, the tax
> amount for the year it comes up with is about 8 times what I actually
> pay in income tax.
Yeah - I'm after a simpler calculator I guess..
> Oh yes, and Lego's cheaper
Many LEGO-strained suitcases will testify to that! :)
Thanks,
Richard
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Message is in Reply To:
 | | Re: Canadian Tax!
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| Richard, you need to be sure you're comparing apples with apples. If you scroll down in that Fraser Institute tax calc page you'll find this: (...) So you are not just looking at income tax here, and to truly compare with the UK you'll need to add (...) (25 years ago, 3-May-00, to lugnet.off-topic.debate)
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