INCOME TAXES JUST A FRACTION OF CANADIANS’ TOTAL TAX BILL
July 28, 2008 by Capt. Karl
How would you like to be taxed like a Canadian for all their Socialist Programs? Well its coming unless we Americans stand united against such legislation soon coming by Congress.
Do you really want to vote for people who advocate such “Government Services” and the taxation that comes with it and No Way Out?
Daily Policy Digest
Taxes
July 21, 2008
INCOME TAXES JUST A FRACTION OF CANADIANS’ TOTAL TAX BILL
For most Canadians, filing income taxes provides a sobering reminder of just how much income tax they paid last year, say the Fraser Institute’s Niels Veldhuis and Milagros Palacios. However, the reality is that income taxes form only a portion of the total tax bill imposed on Canadians by the governments — federal, provincial and local.
For example:
- In 2007, the average Canadian family consisting of two or more people earned approximately $83,775 in income, and paid $13,510 in income taxes, representing 16.1 percent of their income.
- In addition to income taxes, the average Canadian family paid some $8,045 in Canada Pension Plan (CPP), Employment Insurance (EI), and health care taxes in 2007.
- The average family also paid about $2,888 in property taxes in 2007.
- Although sales tax totals are difficult to estimate, the average family pays about $6,070 a year in sales tax — almost 16 percent of their total tax bill.
In addition, there are a host of taxes that Canadians pay but do not see:
- For instance, profit taxes amounting to approximately $3,440 were assessed indirectly on average Canadian families.
- Taxes on liquor, tobacco and amusement amounted to an additional $2,320 for the average family.
- Automobile and gas taxes add another $975.
- Import duties tacked on about $320 for the average family.
To sum it all up, say Veldhuis and Palacios:
- The average Canadian family faced a tax bill of $38,992 in 2007, against an income of $83,775.
- Total taxes imposed on the average family consumed an astonishing 46.5 percent of income.
- Average families hand over nearly half of their income to Canadian governments.
Source: Niels Veldhuis and Milagros Palacios, “Income Taxes Just a Fraction of Canadians’ Total Tax Bill,” Fraser Institute, May 2008.
For text:
http://www.fraserinstitute.org/Commerce.Web/product_files/CanadiansTaxBill.pdf
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Everybody who is knowledgable and honest knows that the Canadian health care has massive level, technology and quality issues, especially compared to the United States, and that the urgent care openings are literally months out.
Also, it is my understanding that healthcare professionals in Canada are not exactly happy with the system and payment. They would rather work in an open environment that had open competition rather than forced rates and regulations dictating there pay, service and how to conduct their “business”.
Without FREEDOM (from Government) nothing, over time, will be right, successful, productive, profitable, or make us happy or secure. How would you like to wait 2 to 3 months for a surgery that you have to have with in a couple of days to survive? And, then wouldn’t you want to go to a facility and professionals that where on par with the best there is to offer and with the best success rates due to technology, ability, staff, and equipment?
You call what you have peace of mind? How long do you have to wait in your medical waiting rooms? You could die of old age before you get into the examination room. And you know it.
Only uneducated mentally blind fools desire and are beguiled of the “free stuff” from government that entices them into dependency, serfdom and slavery, never to get ahead in life and to always be sick, hungry and to never be happy living in the chains and slavery of governmental elitist plans to perpetuate the equal distribution of misery among the masses; Elitists who consider only themselves and their cronies “special” above all of us and deserving of the fruits of “our” labors.