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Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: End of the Health Care debate||Date: 6/8/2009 7:37 PM|
|Author: intercst||Number: 19324 of 68282|
if you have $50K income you are likely spending 1/3 of that on your mortgage; which is not going to be taxed.
Income: $50K (assume this is after income taxes)
Food: $7,500 (typically GST exempt)
That leaves $27.5K which would probably be taxes at that rate. In Alberta you would probably pay $1375, in Ontario it would be $3575.
PS: Don't most states have sales taxes as well?
Here in George Bush's Texas we have a high sales tax (8.25% in Houston), High property taxes (up to 4% of market value in some neighborhoods) and high health insurance premiums with high deductibles and co-pays.
Yet many tea-baggers will tell you it's a model for the country. <LOL>
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