My Brother-in-Law recently moved to Canada. He accepted a position at McGill University in Montreal. It is a very prestigious University. From my understanding, one of Canada's finest.
I never gave to much thought about living in Canada. I've visited a few times. I must admit, I've always been a tad curious, never curious enough to research it, but curious none the less. You always hear about how wonderful the Canadian Government is. But maybe not.
My Brother-in-Law e-mailed me when he received his first pay check. He grosses $4500, every two weeks. His take home is $2700. That is a taxation rate of 40%. He pays 20% to the Federal Government, and 20% to the Provincial Government. No refund.
Healthcare is free(?), Tuition levels there are dirt cheap. $2700 a year to attend Mcgill. But in the end, Everyone pays 40%. Now I tried researching it, but could not find exact info on the tax rate for the poor, or welfare recipients. Maybe it is also 40%, maybe 0. I'm not sure. But everyone from the lower working middle class, to the upper class pay 40% on income. Now they also seem to have a separate tax for Capitol gains, which of course is lower than the 40%, but I could not find an exact number.
I wanted to share this for one reason. Last year I was was able to lower my tax to 26%. Yes, Romney paid lower, but so did our President. With wages and investment income, I was in the five figure range. Middle class, right? In Canada, I would have paid 40%. My point is this, In the end, the middle class always pays. So, Middle class Americans, are you willing to pay 40%? Because the funding for The Affordable Healthcare Act is in question. At least in my opinion.