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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   Are we paying too much tax? (https://www.revscene.net/forums/710220-we-paying-too-much-tax.html)

Reeyal 09-13-2016 05:53 AM
Quote:
Originally Posted by underscore (Post 8787580)
That only affects the portion of your pay that's in the next "bracket" though, it doesn't affect the "first" part of your earnings.

Canadian income tax rates for individuals - current and previous years



So if you make $45,282 and are paying 5%, then get a raise to $45,283, you're only paying 20.5% on that last $1, not the first $45,282 (that part stays at 5%).
You're forgetting provincial/territorial tax rates.

Alberta used to be one of the lowest provincial tax rates. Not anymore... :rukidding:

minoru_tanaka 09-13-2016 06:31 AM
How do you guys not know how income tax works? You guys never done your taxes yourself? Like even when you were just working at McD's you gave it to an accountant?

Mr.HappySilp 09-13-2016 06:52 AM
Quote:
Originally Posted by MG1 (Post 8787438)
Retirement and pension................ pensionable earnings, man.


Think ahead.
You really believe that by the time we retire the gov will actually take care of us? With the way how things are now it is highly unlikely. Is just money gov takes that we will never get to see or use.

SkunkWorks 09-13-2016 08:15 AM
Quote:
Originally Posted by Mr.HappySilp (Post 8787824)
You really believe that by the time we retire the gov will actually take care of us? With the way how things are now it is highly unlikely. Is just money gov takes that we will never get to see or use.
Yep. Better work less so they can't take so much tax off my paycheque!

akira112 09-13-2016 09:55 AM
Quote:
Originally Posted by SkunkWorks (Post 8787623)
:facepalm:

FFS, it's OUR
Fuk proofreading, thought that's what are phone keyboards are for, ARE ARE ARE. :fuckyea:

underscore 09-13-2016 03:16 PM
Quote:
Originally Posted by Reeyal (Post 8787808)
You're forgetting provincial/territorial tax rates.

Alberta used to be one of the lowest provincial tax rates. Not anymore... :rukidding:
I didn't forget anything. You completely missed the point of my post, the way your provincial taxes are calculated is the exact same as your federal taxes (just with different numbers) so there was no point explaining it twice.

MG1 09-13-2016 06:48 PM
Quote:
Originally Posted by Mr.HappySilp (Post 8787824)
You really believe that by the time we retire the gov will actually take care of us? With the way how things are now it is highly unlikely. Is just money gov takes that we will never get to see or use.
Yeah, you're right, but it sure as hell worked for me............ so thank you, young lads and laddies for cuntributing.........

On a side note, I retired early so a young person could take my job.

So, I did my part. Hee hee, hue hue, pew pew.


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