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  • #16
    Originally posted by gtforty
    After you get your income tax deducted and you use your money to buy something you get hit with a 8% provincial and 7% federal goods and sevice tax. Tax on gasoline is roughly 40%.
    You failed to omit that the federal tax is calculated from the subtotal that includes the provincial tax. Or is it the other way around?

    In any case, our tax is taxed.
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    • #17
      Originally posted by Jammrock
      You forgot the European Socialist tax rates of 42%-67%.

      Jammrock
      nah, that's not (only) taxes - that includes health-, unemployment-, retirement insurance and whatever...

      although our sales tax is quiet high too - 20% on anything except food (10%).

      mfg
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      • #18
        Just had my annual overview on 2002. Slighlty above 45% in income taxes. Depending on my bonus this year (announced in 2 or 3 weeks) it'll be a bit higher or lower than 45%.
        This is not including unemployment and health insurance (although the latter is paid to a large extent from income taxes).
        I'm proud to be able to contribute this much to my country, so you won't hear me complain about the level of taxes I pay per se.
        Umf

        edit:I will be able to claim some taxes back because of some fiscal thing we have over here (mortgage interest is not taxed) which would lower my avergae tax rate by about 3%.
        Last edited by Umfriend; 28 January 2003, 02:08.
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