Quote:
Originally Posted by Red
Every province has an exemption similar to Alberta's.
But our lower income people pay 10% on anything over it where in other places they pay much less. See few below and check the whole list here
NL 7.7% on the first $35,008 of taxable income
ON 5.05% on the first $40,922 of taxable income
BC 5.06% on the first $37,869 of taxable income
NWT 5.9% on the first $40,484 of taxable income
NV 4% on the first $42,622 of taxable income,
And on the other end of the spectrum you see high income earners here pay few % less than anywhere else. It truly is a system for the rich, |
BC has an exemption of 9900, so they're still paying 5% for anything over that.
Ontario is about the same.
Alberta has 0 tax on anything at about 18k or below. With the other provinces if they make 18k or below they're still paying a portion of taxes. That to me is more regressive.
If you want to make changes to the Alberta tax system. You could raise the exemption slightly to something like 24k which is fairly realistic and then bump the flat tax above that by a point or two. That would be a fair tax.