Depending on the state and city in the US, taxes can consume more than 50% of one's income. Sales tax, state income tax, and all sorts of local fees and taxes can add up.
Quote:
Originally posted by Antxx
The tax rate equal to this: On an average salary, you have to work until the first of July, before your salary is to you (This is a quote that was calculated by a countable firm not long ago, for the opposition party in Quebec, ADQ). The first 6 months are own to all the taxes, like the TPS 7%, TVQ 7% (In quebec), and the salarial and annual taxes. On every items that you buy in Quebec you pay a 7% taxes to the federal, a 7% taxes on the provincial (Except certain items).
The salarial taxes are really the killer...
Other provinces usually rely more on the federal taxes, but some others have also their own item/annual taxes like Quebec.
|