quote:

Originally posted by Skipper ^^ Where did you get those #s from?

The chart is available on a number of different websites

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quote:

Originally posted by drgoodvibe lol don't need to see the T4.. just some light on how the progressive income tax exactly works.. i'm getting different information here.

Federal Bracket > $104,648 46.41%
Provincial Bracket > $67,288 43.41%
Provincial Bracket > $64,871 39.39%
Federal Bracket > $64,368 36.98%
Provincial Bracket > $57,108 32.98%
Provincial Bracket > $32,435 31.15%
Federal Bracket > $32,183 28.05%

The above chart shows how much tax you will pay on your LAST dollar of income. The progressive tax system means you pay the % in each of those brackets (for the income earned in that bracket).

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Now that I've done my taxes for the year - my original assertion on my OVERALL tax burden was slightly exagerated - however it still is high (IMO). Don't forget to add in CPP and EI contributions when calculating your tax burden.

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Here are some tax credits that the Quebec'ers get (exclusive to Quebec):

Dependent Child (first) $542
Children (additional) $500
Single Parent $271
Living Alone $219

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Dark Dirty Tech Tribal. | Hands in air (trance) and feet on the floor (house).

Last edited by rabbitjoker on Apr-22-2004 at 01:08

quote:

Originally posted by b4k-oz Perhaps when you get some education, experience and a job in the legal/political system, then we can debate.

Oh geez, for some of us with some sanity left, that means never... job in a legal/political system? Who in their right mind would want that?!

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quote:

Originally posted by Crazy Serb Oh geez, for some of us with some sanity left, that means never... job in a legal/political system? Who in their right mind would want that?!

Someone who believed in the system when they started, then discovered ethics and stuck it out because they want to do some good.

Most importantly, someone who wants security to support thier family, a mortgage and pay the bills. That's better than being unemployed and collecting pogi between several life long jobs. It's called growing up.

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quote:

Originally posted by drgoodvibe actually its.. Marginal Tax Rates Ontario 2003 $0 - $7,756 0.00% $7,757 - $10,809 16.00% $10,810 - $13,800 28.10% $13,801 - $32,183 22.05% $32,184 - $32,435 28.05%

10,810 - 13,800 seems like it out out order. if these numbers are true then these poor people are getting screwed. i'm thinking its's supposed to say 18.10% not 28.10%.

quote:

Originally posted by b4k-oz Someone who believed in the system when they started, then discovered ethics and stuck it out because they want to do some good. Most importantly, someone who wants security to support thier family, a mortgage and pay the bills. That's better than being unemployed and collecting pogi between several life long jobs. It's called growing up.

A-ha... well, there are much easier ways to have $$$ security... without as many headaches as well.

But hey, glad to see someone out there with some ethics and integrity... props to you, brotha!

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Keep it real, and stay single, always mingle...

quote:

Originally posted by Crazy Serb Oh geez, for some of us with some sanity left, that means never... job in a legal/political system? Who in their right mind would want that?!

in all honesty, I want to work for the buearacracy. not becuase its job security and all that. I want to work in policy analyses and policy adivising, and formation. Thats where all the legislation is formulated and fine tuned. I want to have a hand in the making of our laws and legislation so that we can live a better life as a society. It not only pays damn well, but it is a job that requires one to think and be creative. It is not a boring job, and its damn well gratifiying to see that your doing soemthing for the good of society. Anyways thats my reasoning *shrug*

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quote:

Originally posted by drgoodvibe in all honesty, I want to work for the buearacracy. not becuase its job security and all that. I want to work in policy analyses and policy adivising, and formation. Thats where all the legislation is formulated and fine tuned. I want to have a hand in the making of our laws and legislation so that we can live a better life as a society. It not only pays damn well, but it is a job that requires one to think and be creative. It is not a boring job, and its damn well gratifiying to see that your doing soemthing for the good of society. Anyways thats my reasoning *shrug*

That's a hard one to get into man. You got to be well connected. I hope you are. But one thing I've seen is that the values change when you've got all that power behind you. So my advise to you is to go for it with all you got, but don't lose site of your starting values.

Peace

___________________
Peace, Unity, Luv and Havin Fun!!

"People seem not to see that their opinion of the world is also a confession of their character."- Ralph Waldo Emerson, US essayist & poet (1803 - 1882)

quote:

Originally posted by b4k-oz That's a hard one to get into man. You got to be well connected. I hope you are. But one thing I've seen is that the values change when you've got all that power behind you. So my advise to you is to go for it with all you got, but don't lose site of your starting values. Peace

agreed on both counts!

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