General EV Conversation
- There is a clear division between provinces east of the Ontario-Quebec border and those to the west. Amongst the western provinces and Ontario, the marginal provincial rate at the national average income level ranged from 7.70 to 12.75 percent. In Quebec and Atlantic Canada marginal rates are higher, ranging from 13.80 percent in Prince Edward Island to 16.62 percent in Quebec.
No one has a 60% effective rate. Or even 50%. It's not possible, because of the way tax brackets work.
Federal tax is the same everywhere, and you're not paying more than 37% marginal, and even then only on anything over $650K - so no matter what you earn your effective rate will be (usually considerably) lower.
And even for $1m plus incomes, you're not paying 13% effective at the state level here. You don't get to the top marginal rate until $700K, and the 1% health surcharge only kicks in over $1m.
And that's before you even start to think about tax mitigation.
Federal tax is the same everywhere, and you're not paying more than 37% marginal, and even then only on anything over $650K - so no matter what you earn your effective rate will be (usually considerably) lower.
And even for $1m plus incomes, you're not paying 13% effective at the state level here. You don't get to the top marginal rate until $700K, and the 1% health surcharge only kicks in over $1m.
And that's before you even start to think about tax mitigation.
if one earns a fortune then taxes currently, are largely irrelevant in most places. but eventually they will come after you too, but you'll still be ok because they wouldn't want to do anything that affect politicians corrupt incomes. however the projected $68Bn deficit there might have something else to say.canada recently enacted a 2% "carbon tax" on almost everything and they have convoluted 'credits' for provincial and federal sales taxes, but the current ruling party is almost certainly going to be tossed out next election.
i've lived in uk, canada, and now the u.s. i certainly wouldn't live in uk or canada again, and not most states in the u.s.
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
Europe in general has become pretty fascist, I don't think free speech even exists there. One of my nieces lives in the UK and they are rethinking that
Yep, I wouldn't live in most states in the US either 🤣. I would live in Florida though, but don't know if I could handle the summers
Lexus Champion
Joined: Jan 2012
Posts: 17,021
Likes: 496
From: Knoxville, TN
Here where we do have that protection, the obvious keeps most people in line—-you can say what you want but you ARE NOT free from consequences of your free speech.
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
At least you don't go to jail. Sure you can be fired, shadow banned, humiliated, but you don't go to jail 🤣
Lead Lap
Joined: May 2010
Posts: 3,955
Likes: 1,578
From: San Diego, CA
Hang on a minute. People absolutely have freedom of speech in the UK and Europe. You’re just as free to criticize government there as you are here. But what we saw recently was racially motivated hatred. There was an incident in the north of England where a teen stabbed and murdered girls at a dance class. There were immediate falsehoods posting on unmoderated social media, specifically twitter, claiming that the murderer was an illegal immigrant, a Muslim asylum seeker, and inciting anti immigrant violence. The killer wasn’t an immigrant, wasn't seeking asylum, wasn't a Muslim - but was black. But twitter racists don’t care about the details. One of them, the wife of a conservative councillor, plead guilty just yesterday to inciting racial hatred. She called for people to burn hotels housing immigrants to the ground.
she posted:
”Mass deportation now, set fire to all the ****ing hotels full of the bastards for all I care … If that makes me racist, so be it.”
it does, and she’s facing a custodial sentence. Deservedly so. The riots she and others incited caused a lot of harm. And it was all based on a lie.
don’t misrepresent consequences for a lack of freedom of speech.
And maybe try to understand issues before you post about them.
she posted:
”Mass deportation now, set fire to all the ****ing hotels full of the bastards for all I care … If that makes me racist, so be it.”
it does, and she’s facing a custodial sentence. Deservedly so. The riots she and others incited caused a lot of harm. And it was all based on a lie.
don’t misrepresent consequences for a lack of freedom of speech.
And maybe try to understand issues before you post about them.
Last edited by swajames; Sep 4, 2024 at 08:27 PM.
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
Hang on a minute. People absolutely have freedom of speech in the UK and Europe. You’re just as free to criticize government there as you are here. But what we saw recently was racially motivated hatred. There was an incident in the north of England where a teen stabbed and murdered girls at a dance class. There were immediate falsehoods posting on unmoderated social media, specifically twitter, claiming that the murderer was an illegal immigrant and inciting anti immigrant violence. The killer wasn’t an immigrant, but was black. But twitter racists don’t care about the details. One of them, the wife of a conservative councillor, plead guilty just yesterday to inciting racial hatred. She called for people to burn hotels housing immigrants to the ground.
she posted:
”Mass deportation now, set fire to all the ****ing hotels full of the bastards for all I care … If that makes me racist, so be it.”
don’t misrepresent consequences for a lack of freedom of speech.
And maybe try to understand issues before you post about them.
she posted:
”Mass deportation now, set fire to all the ****ing hotels full of the bastards for all I care … If that makes me racist, so be it.”
don’t misrepresent consequences for a lack of freedom of speech.
And maybe try to understand issues before you post about them.
Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
Haha so would we all. I'm happy where I am, I feel totally blessed. I know a few extremely wealthy people, and I don't see their wealth making them happy, if I'm being honest. But I am certain I don't want to be poor either
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Lexus Champion
Joined: Oct 2019
Posts: 19,656
Likes: 3,748
From: California
Last edited by AMIRZA786; Sep 5, 2024 at 08:24 AM.
Lexus Champion
Joined: Jan 2012
Posts: 17,021
Likes: 496
From: Knoxville, TN
I was at the park yesterday just sitting and a nice looking professional guy decked out in a suit plugged his Audi in and took his dog for a walk, at first I thought he was just charging and was a little confused trying to figure it out.
Say he walks his dog for 30 mins assuming he’s on lunch (he had to be, was in a suit minus the jacket)… is there or is there not a meaningful gain in range from him doing that? My guess would be he has a garage with a charger at home.
Say he walks his dog for 30 mins assuming he’s on lunch (he had to be, was in a suit minus the jacket)… is there or is there not a meaningful gain in range from him doing that? My guess would be he has a garage with a charger at home.