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Old 03-22-2010, 12:54 AM   #45
opendoor
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Quote:
Originally Posted by pylon View Post
Good thing you don't live in Canada then. Our end tax rate, after all is said and done is much higher than the US (I believe double, someone correct me if I'm wrong), but I will gladly forfeit the money knowing if I get cancer, or some other terminal malady, I will have a fighting chance, and my HMO won't tell me to eat s#%t because I forgot to disclose a broken arm when I was 12 years old or a wart on my foot when I was 9.
Not even close. The disparity in taxes paid between Canada and the USA is greatly exaggerated. Going by % of GDP, the USA's various levels of government bring in tax revenue at a rate of 27% compared to Canada which is about 32%. If you factor in the massive amounts of private money spent on health care in the USA (the equivalent of which in Canada is paid through tax revenues) the disparity largely disappears. Health care costs in the USA are about 15% of GDP and much of that is funded privately. That more than eats up any tax savings in the USA.

Now these are based on national numbers, so there are some places with lower tax burdens (states with little or no state income or sales tax) but there are also many states with much higher tax burdens than Canada.
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