Quote:
Originally Posted by Cowboy89
My point wasn't to illicit sympathy, but rather highlighting there isn't really a lot of room to tax more spend more when the province is already spending record deficits and alreaday taxing over 50% marginal rate on incomes over $250k.
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Perhaps not on the $250K+ group, but BC has the lowest income tax of any province for people earning under $175K.
And you have to earn $140K before you even hit a 25% average tax rate. That's not far off even states with no income tax (22.3% average tax rate on $140K CAD) and well below places like California (28.6% average rate) or New York (30.8%).
And that doesn't even get into the insane property tax rates most of the lower tax states have. I'd be paying $24K a year in property tax on my house at Texas tax rates vs. the $4K I pay in BC.