lets see, massive land mass, huge resource base, harmonized regulations. Ottawa not able to screw everyone outside of Toronto, Montreal and Ottawa. sounds like a win win to me. I was a royalist, then a federalist, now a separatist...Canada left me
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Last edited by rigpiggy on Tue Dec 03, 2024 5:39 pm, edited 1 time in total.
cdnavater wrote: ↑Tue Dec 03, 2024 5:24 pm
How do you fix 60-70 cents of every dollar I make going to the government?
It's worse in the USA. For gross salary of C$250k, total taxes and deductions in BC are 35.25%, and in CA are 34.4%. Obviously it depends which state/province you're in, how much you're earning, and (in the US) whether you're married.
Of course, those figures don't include health insurance, which costs an average of 8k in CA, so that would bring the CA total tax and health insurance burden up to 39%.
Extended medical was 189 every 2 weeks for a family plan so 4914$ plus 13% on top of everything I have to buy taxes+taxes on every utility. Plus my wages would go up from 120 to over 200, and it would buy lots more
Total income
$250,000
Total tax
$102,406
Federal Tax
$54,961
Provincial Tax
$42,341
CPP/EI premiums
$5,105
After-tax income
$147,594
Average tax rate
40.96%
Marginal tax rate
54.00%
Summary
If you make $250,000 a year living in Nova Scotia, you will be taxed $102,406. That means your net pay will be $147,594 per year, or $12,299 per month. Your average tax rate is 40.96% and your marginal tax rate is 54.00%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $54, meaning that your net pay will only increase by $46.
If you make $250,000 a year living in British Columbia, you will be taxed $88,125. That means your net pay will be $161,875 per year, or $13,490 per month. Your average tax rate is 35.25% and your marginal tax rate is 49.80%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $50, meaning that your net pay will only increase by $50.
If you make $250,000 a year living in Alberta, you will be taxed $85,216. That means your net pay will be $164,784 per year, or $13,732 per month. Your average tax rate is 34.09% and your marginal tax rate is 47.00%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $47, meaning that your net pay will only increase by $53.
In 2013, geopolitical expert Diane Francis published compelling political argument and business case for merging America and Canada into a geographical, political, and economic superpower in the form of a book named “Merger of the Century.”
Thought provoking read. One thing that is very clear is that Canadians would be more prosperous and enjoy a better standard of living in a merged large country. Insistence on the red and white maple leaf flag and our own sovereignty (but expecting the U.S. to protect that sovereignty) comes at a very high price.
rigpiggy wrote: ↑Tue Dec 03, 2024 6:40 pm
If you make $250,000 a year living in British Columbia, you will be taxed $88,125. That means your net pay will be $161,875 per year, or $13,490 per month. Your average tax rate is 35.25% and your marginal tax rate is 49.80%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $50, meaning that your net pay will only increase by $50.
If you make $250,000 a year living in Alberta, you will be taxed $85,216. That means your net pay will be $164,784 per year, or $13,732 per month. Your average tax rate is 34.09% and your marginal tax rate is 47.00%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $47, meaning that your net pay will only increase by $53.
In this case in California, your net pay is US$116565 = C$164k so that's about $155k after paying health insurance for a 30yo ($500/mo).
So, you're better off in Alberta before even taking into account health insurance. BC still beats CA after paying for health insurance. And if you're 50 years old your health insurance will cost US$800/month.
Joint filling with a spouse will cut the taxes in the US almost in half for a high earner.
Then the write offs... things like your mortgage, your commute, and so much more.
Then you have all the tax free states. There are plenty that I would live in.
I'm happy to pay health care if I can see a doctor and get shit dealt with... In Canada they literally put you on a waiting list to kill you.
I would support a closer aligning, like way closer, America-lite with some limits, but there's no way flipping the switch and opening the floodgates to get dominated by 10x the population is the right play.
The term ‘51st state’ is getting used a lot, maybe as part of the beginnings of a sell job, but I can’t imagine we’d be anything more than cold Puerto Rico. Hard pass.
lownslow wrote: ↑Wed Dec 04, 2024 5:10 am
The term ‘51st state’ is getting used a lot, maybe as part of the beginnings of a sell job, but I can’t imagine we’d be anything more than cold Puerto Rico. Hard pass.
Indeed. I couldn't imagine a lot of Americans would want 8 new blue states to the union (and two possible red states) I can't see each province getting two new senators. People should realize that if Canada became part of the US they're probably going to lose a say in how that government works. Especially those of you who live north of 60. Canada in its entirety might get statehood. Might.
Hard pass for me too. People for some reason can't see past their tax returns on how they vote.
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I'm not sure what's more depressing: That everyone has a price, or how low the price always is.
lownslow wrote: ↑Wed Dec 04, 2024 5:10 am
The term ‘51st state’ is getting used a lot, maybe as part of the beginnings of a sell job, but I can’t imagine we’d be anything more than cold Puerto Rico. Hard pass.
Indeed. I couldn't imagine a lot of Americans would want 8 new blue states to the union (and two possible red states) I can't see each province getting two new senators. People should realize that if Canada became part of the US they're probably going to lose a say in how that government works. Especially those of you who live north of 60. Canada in its entirety might get statehood. Might.
Hard pass for me too. People for some reason can't see past their tax returns on how they vote.
How do you figure
wyoming, and ND are less than a million, and Montana has 1.1M . MB, SK, and AB all have more than those 3 states. add 10 stars. Oh and the Territories have very limited powers as it is due to Ottawa running nearly everything
rigpiggy wrote: ↑Tue Dec 03, 2024 6:40 pm
If you make $250,000 a year living in British Columbia, you will be taxed $88,125. That means your net pay will be $161,875 per year, or $13,490 per month. Your average tax rate is 35.25% and your marginal tax rate is 49.80%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $50, meaning that your net pay will only increase by $50.
If you make $250,000 a year living in Alberta, you will be taxed $85,216. That means your net pay will be $164,784 per year, or $13,732 per month. Your average tax rate is 34.09% and your marginal tax rate is 47.00%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $47, meaning that your net pay will only increase by $53.
In this case in California, your net pay is US$116565 = C$164k so that's about $155k after paying health insurance for a 30yo ($500/mo).
So, you're better off in Alberta before even taking into account health insurance. BC still beats CA after paying for health insurance. And if you're 50 years old your health insurance will cost US$800/month.
lownslow wrote: ↑Wed Dec 04, 2024 5:10 am
The term ‘51st state’ is getting used a lot, maybe as part of the beginnings of a sell job, but I can’t imagine we’d be anything more than cold Puerto Rico. Hard pass.
Indeed. I couldn't imagine a lot of Americans would want 8 new blue states to the union (and two possible red states) I can't see each province getting two new senators. People should realize that if Canada became part of the US they're probably going to lose a say in how that government works. Especially those of you who live north of 60. Canada in its entirety might get statehood. Might.
Hard pass for me too. People for some reason can't see past their tax returns on how they vote.
How do you figure
Wyoming, and ND are less than a million, and Montana has 1.1M . MB, SK, and AB all have more than those 3 states. add 10 stars. Oh and the Territories have very limited powers as it is due to Ottawa running nearly everything
Yet Puerto Rico has a population greater than many states, yet gets no senators and the republicans have been blocking its bids for statehood. Washington DC has a larger population than Wyoming, but those people don't get a senator or the say of statehood. So population isn't the only determinant of political power. Would Republicans, who now control all of the houses, be willing to potentially create probably more Democratic party seats?
So there would be two options, either Canada would be absorbed under the current political climate with almost no representation, or very little. I wouldn't assume that we would get to control the terms of our representation. Note that Trump talks about Canada as a whole as the 51st state - Not the 51st to 61th states. That alone should be a wake up call to those flirting with this idea.
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I'm not sure what's more depressing: That everyone has a price, or how low the price always is.