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Canada:
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Income Tax:
Average Income per capita: $58,782CDN (approx $45,000USD)
Raw earned income tax rate on that level of income, before deductions (2004 federal): 18.43%
Raw earned income tax rate on that level of income, before deductions (2004 provincial): Between 7.39%(ontario) and 18.36%(quebec), average is 11.56%
Total earned income tax before deductions: 30%
Highest marginal earned income tax: between 40% and 51%. These margins don't kick in until well over the $100k/year earned income point.
VAT: 7% GST on most transactions, low income earners eligible for partial or full refund. Some provinces additionally have PST.
New Car: I don't know. While there's a copious amount of information online about tax numbers for earned income, unearned income, capital gains and so on, I've found *NO* references to automobile taxes, and I don't happen to have my financing papers handy to see what it was for my last purchase. Maybe another 'nuck can chime in with those numbers.
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I should point out that these numbers leave out a lot of subtleties. For example, in addition to taxes, a salaried or wage-earning citizen must also contribute some percentage of each check to employment insurance, canada pension plan, etc. There also tends to be surtaxes on various items, such as gasoline and cigarettes. As such, while we may only pay 30% income tax on average, our effective purchasing power is somewhat reduced.
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