Winter Woman
Well-Known Member
Those numbers are for the top earning bracket and you are close but not there yet. If I remember correctly the top bracket started at $129k but I could be wrong. It was using the highest tax provincial rate and at the moment I can't remember what province it was, I know it wasn't Ont. I'm sure those are numbers before all deductions. The study compared countries using top numbers only to see where they stood against each other that's all.
Does ca have an AMT tax?
Does ca have an AMT tax?
i dont know anyone who pays 48.5% in taxes i made about 80k last yr and had a total of 10k taken of my pay cheques for the year and i get about 1k back at tax time unless i put money into a retirement plan which i can right off some of put in 13k last year got 7 back at tax time i still think are taxes are to high but nowhere near 48.5% unless maybe your a MULTI millionaire i dont know any but i know a few millionaires and they dont pay that much either