Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: JABoa Big gold star, 5000 posts Feste Award Nominee! Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123538  
Subject: Re: income tax rates Date: 10/20/1999 6:50 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
krubba, the 7.65% doesn't. What Canadians call Medicare doesn't occur here. The age 60+ that BladeXrunners mentions in the previous message is really 65. And you have no real account, it just goes into a big bucket which is the Federal budget.

Your medical coverage is typically a perk that is provided by your employer. Usually, you pay a premium each paycheck that is maybe 20% of the total premium for you to be in the group. Then, there are co-pays and sometimes deductibles. I'd say the cost to most employees is about the same as OHIP premiums.

If you are self-employed, you're on your own for finding medical insurance.

There's lots more, of course. I'd say the tax load in the U.S. is maybe 10% less than it is in Canada (I have Canadian family, but we don't talk about money much, so don't hold me to this).

If you were being posted by your Canadian employer to the U.S. for a limited length of time, there may be special provisions. Well, there are, but I've not cared to find out what they are since none has applied to me.

Finally, the Social Security's Web site is
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.