View Single Post
Old 09-25-2013 | 01:15 PM
  #23  
BlueMoon
Gets Weekends Off
 
Joined: Feb 2007
Posts: 3,045
Likes: 1
From: FO
Default

Originally Posted by AnchorDown
Certainly, but the Canadian Gov't takes $31 of that $41 an hour ;-)

AnchorDown
Ha....I was curious though so I did some very very rough math, not accounting for deductions and what not.

Canadian income tax rates for Individuals - current and previous years

Assuming you make under 43,000 taxable.
The Canadian government only takes 15% = $6.15/hr
The Provincial Government (Ontario) takes 9.15% = $3.75/hr (I didn't look to see if this comes off post federal tax or the base amount so t may be

So take home hourly is about $31.10.

So in Canada if you made $41,000 taxable you would take home about $31,110, so the

In the US if you had 41,000 taxable Federal tax would be $6,286 and State (Michigan) 4.25% $1,575, so you would take home around $33,139


Yea I was really bored.
Reply