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Old 7th Jun 2017, 15:34
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Willard Whyte
 
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Originally Posted by Arclite01
WW - Tax Rates Compared

Income tax by country comparison

Income tax by country comparison


Country/Income Tax Range/Average Annual Salary/Tax Rate on Average Salary


Canada/ 15-33% (federal) + 4 -25.75% (provincial)/ CAD 62,420 /20.5% (federal) + provincial (e.g. 9.15% in Ontario)


This table doesn’t include other payroll deductions like National Insurance (UK) or Medicare contributions (Australia).


Arc
Yes, I did check actually.

Canadian income tax rates are actually quite similar to ours: around 32% of a $ 120K income compared to about 31% of £ 68K here, i.e. lower than 'scandy' countries (around 40% of SEK 770K for example), yet they achieve similar quality of life scores to said scandies. Finlands tax rates are a little lower than Sweden, more like ours it seems.

My point being that quality of life is, in my opinion, probably more about cool climates, wide open spaces, and relative under crowding, than taxation rates.
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