Taxes eat up 42% of average Canadian family's income

[master_shake_]

TAX BILL OF THE AVERAGE CANADIAN FAMILY (FAMILIES AND UNATTACHED INDIVIDUALS), 2014
In dollars ($) As % of total taxes
TAXES
Income taxes 10,166 30.6%
Payroll & health taxes 7,158 21.5%
Sales taxes 4,806 14.4%
Property taxes 3,478 10.5%
Profit tax 3,591 10.8%
Liquor, tobacco, amusement, & other excise taxes1,763 5.3%
Auto, fuel, & motor vehicle licence taxes 834 2.5%
Other taxes 803 2.4%
Natural resource taxes 405 1.2%
Import duties 268 0.8%
Total taxes $33,272
Total cash income $79,010
Taxes as a percentage of cash income 42.1%
Source: The Fraser Institute's Canadian Tax Simulator, 2015

i am honestly not shocked.

http://www.torontosun.com/2015/08/2...rage-canadian-familys-income-fraser-institute

 

[tortillasoup]

What about average United Stateser?

 

[master_shake_]

What about average United Stateser?

i am not going there.

that is a war of epic proportion

 

[ImpulsE69]

That's all? Lucky bastards.

 

[KMFJD]

That's all? Lucky bastards.

they even get 'free' healthcare

 

[UglyCasanova]

they even get 'free' healthcare

And free defense as well. Not that anyone would attack Canada (or hell we don't know that, without the US in the world there's no telling how far the Ruskies would have wanted to extend their reach) and when push comes to shove like WW2 the Canuks are worthy allies.

 

[Zorkorist]

Government housing, Government Job. Government Food. Government Recreation.

-John

 

[UglyCasanova]

Government housing, Government Job. Government Food. Government Recreation.

-John

Lol, it's not that bad up there. And I don't care whether it is privatized or government run, it's whatever works best for the country in question in outcomes, cost, and distribution. We've yet to find what works best for us, maybe someday.

 

[Zorkorist]

I've been up there, Montreal.

It's pretty bad. I'm sure they are spending well into debt.

-John

 

[Zorkorist]

http://www.debtclock.ca/

-John

 

[Indus]

Considering I currently pay $10,312.50 + 25% federal income tax over a certain amount, 8.82% state income tax, 7.65% social security tax rate which makes it more or less 40%.. not to mention that I pay property tax and sales tax on everything I buy and.. I pay for my health insurance.. I'll take the 42% flat and free healthcare anyday.

I hardly think I'm alone.

 

[Zorkorist]

You owe $17,000 on the debt clock.

-John

 

[senseamp]

Yeah, health insurance costs in the US are $12K per family per year. I bet combined tax+benefit costs are lower in Canada.

 

[Zorkorist]

It's not a real cost, however, because just like in Canada, the Government is not held accountable, and spends indiscriminately into debt.

-John

 

[Zorkorist]

I looked it up and you owe $60,000 senseamp.

-John

 

[Imp]

I wouldn't be surprised...

But people may want to check which end of the political spectrum the Fraser Institute leans.

 

[Meghan54]

I wouldn't be surprised...

But people may want to check which end of the political spectrum the Fraser Institute leans.

You mean like this:

The New York Times has described the Institute as libertarianhttps://en.wikipedia.org/wiki/Fraser_Institute#cite_note-13 and conservative.https://en.wikipedia.org/wiki/Fraser_Institute#cite_note-NYT_Stance-2 The Calgary Herald called it conservative,https://en.wikipedia.org/wiki/Fraser_Institute#cite_note-CalgaryHerald-3 Langley Times classified it as right-of-center libertarian.

 

[MomentsofSanity]

You mean like this:

Like everything else they put out thiir methodology on this has been widely discredited. But they keep putting it out year after year.

http://behindthenumbers.ca/2015/08/28/outrageous-claim-of-a-ballooning-tax-bill/

 

[Newell Steamer]

Easy solution to this;
1. Move to the USA
2. Become rich
3. Pay no more than 15%

Done.

Check and mate Canada.

 

[cyclohexane]

You get what you pay for. Have you been to Canada? Clean, efficient, and public services that actually work.

 

[fskimospy]

Canada has taxes revenue of of only about 32% of GDP, so this institute is conjuring up an extra 10% out of somewhere. I'm shocked that a right wing think tank might overestimate taxation though. Just shocked.

 

[MomentsofSanity]

Canada has taxes revenue of of only about 32% of GDP, so this institute is conjuring up an extra 10% out of somewhere. I'm shocked that a right wing think tank might overestimate taxation though. Just shocked.

Quite easy to do when you don't use total income before taxes (they use cash income only) severely limiting the definition of income while overstating taxation by including non-tax revenues which make up about 18% of total government revenue.

 

[cbrunny]

Surprised it's only 42%, to be honest. Certainly feels like a lot more than that!

https://www.fraserinstitute.org/sites/default/files/canadian-consumer-tax-index-2015.pdf <- the original report, fwiw.

 

[Fanatical Meat]

Considering I currently pay $10,312.50 + 25% federal income tax over a certain amount, 8.82% state income tax, 7.65% social security tax rate which makes it more or less 40%.. not to mention that I pay property tax and sales tax on everything I buy and.. I pay for my health insurance.. I'll take the 42% flat and free healthcare anyday.

I hardly think I'm alone.

I'm with this guy even with our mortgage deduction we're in the low to mid 30% range. 42% plus remove most healthcarecosts sounds appealing.

 

[s0me0nesmind1]

Considering I currently pay $10,312.50 + 25% federal income tax over a certain amount, 8.82% state income tax, 7.65% social security tax rate which makes it more or less 40%.. not to mention that I pay property tax and sales tax on everything I buy and.. I pay for my health insurance.. I'll take the 42% flat and free healthcare anyday.

I hardly think I'm alone.

What's that? You're complaining about conservatives that don't want to spend money yet are bitching up a storm about how much taxes you pay?

Awww, that's cute. Maybe one day you will learn.