Quote:
Originally Posted by calgarygeologist
I think that Norway actually has lower income tax rates than Canada but they are an exception I believe.
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Norway also has 25% sales tax (15% for groceries), a wealth tax (~$1000 per $100,000 of net worth above ~$250,000), and a 20-25% Social Security payroll tax (5% for employee, 15-20% for employer depending on how much the employee makes).
If Canada set a general sales tax rate at 25% (feds get 12.5%, provinces get 12.5%), we could drop income taxes quite a bit.