Xref: utzoo can.general:1281 ont.general:939
Path: utzoo!dciem!chk
From: chk@dciem.dciem.dnd.ca (C. Harald Koch)
Newsgroups: can.general,ont.general
Subject: Re: income tax tips #23: new personal income tax rates
Message-ID: <1824@dciem.dciem.dnd.ca>
Date: 14 Jun 89 14:48:03 GMT
References: <1989Jun12.133058.28912@lsuc.on.ca>
Reply-To: chk@dretor.dciem.dnd.ca (C. Harald Koch)
Followup-To: can.general
Distribution: can
Organization: NTT Systems, Inc., Toronto, Canada
Lines: 20

In article <1989Jun12.133058.28912@lsuc.on.ca> dave@lsuc.on.ca (David Sherman) writes:
>[...]
>The bottom line is still that the marginal rate stays under 50%,
>meaning that even with a high income you'll keep over half of
>extra money you earn.

Although this has little to do with the original posting...

It is interesting to subtract federal and provincial sales taxes from the
remaining 50+% to see how much you are *really* paying to the government.

Also, if you smoke, drive, drink beer, etc. calculate the (huge) taxes etc.
on those expenses. Pretty soon you find that everyone works for the
government about 9 months of the year... :-)

-- 
Grandpa Charnock's Law:	 | C. Harald Koch  NTT Systems, Inc., Toronto, Ontario
You never really learn	 | chk@gpu.utcs.utoronto.ca	   (long-term address)
to swear until you learn | chk@zorac.dciem.dnd.ca	      (my current job)
to drive.		 | chk@chkent.UUCP		    (my AMIGA at home)