Taxes; Google foo not working for me.
I am interested in knowing what percent or total taxes I was paying in mid 1980's compared to now. Not just income but total taxes. My Google Foo is not working for me today, anyone help me out?
|
I'm sure you have your reason for wanting to know, and I'll be following along to find out as well, but are you sure you want to find out something so depressing! :angry3:
|
|
Quote:
|
Found what I was looking for. Interestingly was not what I expected, not nearly as dramatic in difference as what I was expecting. In 1981 tax freedom day was May 30. In 2022 it was June 15th, 16 days difference. On an family income of 100,000 that works out to 4380 dollars a year more taxes in 2022 compared to 1981. Still a big number but I was expecting higher.
|
Quote:
|
Quote:
|
Quote:
I as well am surprised at the numbers. Our dollars certainly don't go as far these days, and wages haven't increased at the same rate as expenses. :sign0176: |
Don't forget the taxes after you have paid tax off your paycheck. I believe it's around 45% into total now. We get taxed to every dollar earned and spend as well. GST on every dollar spent, carbon tax that the way they did it they charge GST on it as well. Fuel tax on top of carbon tax. Property tax, EI, CPP . I'm sure there are many more taxes to go along with the ones listed.
The more you work hard to do better for your family the more they tax you as a reward. Then deny any tax breaks, child tax breaks or anything that they can because they have decided that you make too much. |
Quote:
|
Quote:
And when you consider taxes and inflation, you need to factor in the carbon tax effect on inflation, not just the actual tax rate. |
|
All times are GMT -6. The time now is 03:26 PM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.