Quote:
Originally Posted by CaptainYooh
Locke, you're a tax accountant. Assuming he has a $100M gross income: what did Alberta and Canada lose in total, could you guess a a range min/max?
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Marginally its pretty simple. Assuming income of $100M
125,001 - 150,000 @ 12% = 2,999.88
150,001 - 200,000 @ 13% = 6,499.87
200,001 - 300,000 @ 14% = 13,999.86
300,000+ @ 15% = 14,955,000
Total: $14,978,499.61
That just Alberta and excludes all income under $300,000 and assumes a $100M total income that is taxable as salary (not dividends or investments).