[albertGQ]

Originally Posted by MoneyGuy

Here are the federal backets for 2007. Alberta has a 10% flat tax so add 10% to these rates.

BTW, some of you need to know that paying high taxes is a good thing in the sense that it's a price of your success. I have some clients who pay more in taxes than some people earn. Which would you prefer to be, the guy who makes 150K and pays 35-40K in taxes (just guessing, I didn't bother to do the calculation) or the guy who earns 40K and pays little in taxes? I know who I'd rather be.

• 15.5% on the first $37,178 of taxable income, +
• 22% on the next $37,179 of taxable income (on the portion of taxable income between $37,178 and $74,357), +
• 26% on the next $46,530 of taxable income (on the portion of taxable income between $74,357 and $120,887), +
• 29% of taxable income over $120,887.

don't forget to mention the exemption amount, where in my opinion, is way too low