Canadians may pay more taxes than Americans, but here's what they get for their money
But what about Canada? Given all the social services that Canadian citizens enjoy relative to their neighbors to the south, including health care, many Americans assume that Canadians bear a significantly heavier tax burden.
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Do Canadian pay higher taxes than US ..??
U.S. collected ($11,365 USD per capita). Canada collected a slightly higher than average amount ($14,693 USD).
What Canadians get for their taxes
Canadians may not pay that much more than Americans and, on occasion, as a nation, they have even paid less but they do get a lot more from their government in terms of social services.
Per capita health-care spending in the U.S. is more than $9,000.
By contrast, per capita health-care spending in Canada is half that, or $4,500. Yet life expectancy in Canada is 81.7, and the country ranks 13th, significantly ahead of the U.S.
Overall, though, Canadians enjoy the kind of perks Americans only get if they work for the most generous, prestigious corporations. Those include free health care without deductibles as well as up to 18 months of subsidized parental leave when they have children.
They also enjoy access to high-quality education for children across the income spectrum. Even top-notch colleges and universities are cheaper than comparable institutions in the U.S.
In reply to sgtdjones
Hola...Sarge I do not know where you getting your numbers from,but Canadians pay much more taxes than the Americans....some states dont even have income taxes..
Its not as easy to compare ...
Take care.
Adios
CB
In reply to sgtdjones
Comparing income taxes in the United States and Canada requires an analysis of the benefits received for those taxes and any other out-of-pocket costs outside of taxes. Each taxpayer's individual situation will determine whether they would be financially better off in one country over the other.
In reply to CITYBOY
Correct, middle class and upper middle class Canadians pay more taxes than their American counter part.
But that is only one part of the equation- The other part is revealing..
Take two individuals, an American and a Canadian.
The American has an advance degree, earns in the top 25%, lives in a nice neighborhood and has a decent savings and investment portfolio.
The Canadian does not have a degree make significantly less but because of the Canadian system, lives a comparable standard of living as the American above.
In fact, if the Canadian above was living in America, he would struggle daily and will probably be in the poverty level.
In reply to CITYBOY
I gats dem from CNBC check out the link
[b]In reply to Emir and Sarge
Hola...lots of truth to what Emir wrote..I wont put too much emphasis on the CNBC...sometimes their reports are a bit misleading...
Taxes are my line of work.....
Adios
CB
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