Path: utzoo!utgpu!attcan!lsuc!dave
From: dave@lsuc.on.ca (David Sherman)
Newsgroups: can.general
Subject: Re: TAX REVOLT NOW!!
Message-ID: <1989Aug10.145935.18930@lsuc.on.ca>
Date: 10 Aug 89 18:59:31 GMT
References: <6758@themepark.UUCP> <6761@ulysses.UUCP> <6763@cognos.UUCP>
Followup-To: can.politics
Distribution: can
Organization: Law Society of Upper Canada, Toronto
Lines: 26

In article <6763@cognos.UUCP> jamest@cognos.UUCP (James H. Tinkess) writes:
>				What concerns me is how much 
>of my money is required by these clowns before I pack my bags and go south 
>where the maximum federal income tax rate is 26 percent. 

For your information, the maximum federal income tax rate in the U.S.
is 28%, while the maximum federal rate in Canada is 29%.  Taking
surtaxes ito account, it's 30.595% in 1989, but you only hit
that level when you top about $72K in income.

Provincial tax brings the maximum rate up to over 47%, but
your statement did not take state income tax into account.
Some US cities have an income tax as well.

The above doesn't deal with consumption taxes, such as provincial
sales taxes or the new GST, which I agree add to your tax burden.
On the other hand, the federal deficit of ~$100 million per day
does need to be dealt with, through some combination of spending cuts
and tax increases.

Followups to can.politics.

David Sherman
-- 
Moderator, mail.yiddish
{ uunet!attcan  att  utzoo }!lsuc!dave          dave@lsuc.on.ca