Spinoff: How much do you pay in taxes/fees to the government?

posted 3 years ago in Money
  • poll: How much of your total income goes to taxes/government fees?
    Under 5% : (5 votes)
    6 %
    5-10% : (3 votes)
    3 %
    11-15% : (2 votes)
    2 %
    16-20% : (13 votes)
    14 %
    21-25% : (14 votes)
    16 %
    26-30% : (22 votes)
    24 %
    31-35% : (14 votes)
    16 %
    36-40% : (6 votes)
    7 %
    41-45% : (5 votes)
    6 %
  • Post # 3
    11772 posts
    Sugar Beekeeper
    • Wedding: May 2013

    We’re from Massachusetts! I only paid 18% income tax, I think DH pays 33%?

    That doesn’t include those awful other withholdings, though…

    Post # 5
    2687 posts
    Sugar bee
    • Wedding: September 2015 - Ketchum, ID

    @calisunshine3404:  last time I checked I got 7.64% of my paycheck taken away for taxes. However, I only work part-time retail right now while I’m in school. 

    Post # 6
    1629 posts
    Bumble bee
    • Wedding: October 2014 - Church

    @calisunshine3404:  I am from Ontario and I personally pay for around 20%, add an additional couple hundred (annually) for health fees to the province. The 20% includes things like CPP (Canadian Pension Plan), EI (employment insurance – meaning if I am laid off I can get 55% of what I have been earning from the government for a certain period of time), and income taxes for the province and federal governments.  FI pays around 23-26% (hard to tell because he gets bonuses most months which affect his taxes), and add the additional couple hundred again for health fees. That being said there are all those tax credits so it actually can change quite a bit when tax season comes around. Our sales tax is at 13% (5% federal and 8% provincial), which is actually less than what it used to be and is on just about anything you would buy. If we owned a house then we would also have property taxes to the city.


    Post # 8
    1629 posts
    Bumble bee
    • Wedding: October 2014 - Church

    @calisunshine3404:  Well, just to be clear the 13% sales tax is specifically in Ontario. Alberta only has the federal portion so they have a flat 5% sales tax (correct me if I am wrong if anyone is from out there). Quebec has the highest sales tax by far (they have not combined it so it is tax on top of tax, and their provincial is higher than in Ontario – translates to something like 14.7%). Our goods also cost more to buy here (which is why we like to cross border shop – especially to New York state and New Hampshire).

    Income tax is also different depending on the province (I paid more when I lived in Saskatchewan but they also have more public services available and more subsidies than here). It also adjusts based on how much you earn. The highest tax bracket would be something like 45% of your income.

    It sure does not seem like we pay that much in personal income taxes compared to you guys!

    ETA: There are some goods that are exempted by provincial sales tax – like kids clothing.

    Post # 10
    3077 posts
    Sugar bee
    • Wedding: February 2015

    I get back about 81% of my check after just taxes. Federal, SS, & OASDI (not gonna lie, I don’t even know what that last one is!)….after insurance & 401k contribution it’s only about 70%.

    God that 70% is depressing. I never calculated it that way. I do get 6% match on my 401k contributions so I guess I get about 76% back if I look at it that way. AND that’s in a state with no state income tax!!! ughhhh


    Post # 11
    279 posts
    Helper bee

    At last 1/3 and I’m still a student. 🙁

    Post # 13
    1629 posts
    Bumble bee
    • Wedding: October 2014 - Church

    @calisunshine3404:  Haha that’s what accountants are for. Even for tax law it is only lawyers that specialize in it who deal with it because the Tax Act is insane! So you guys are getting taxed three times? That sucks!

    Post # 14
    10219 posts
    Sugar Beekeeper
    • Wedding: December 2012

    Good post by @laceydoilies: for the Canadian situation…

    In reality when all is said and done the Average Canadian gives away close to 50% of their income to some level of Government (Federal – Provincial – or Municipal) be it for Income Taxs (Federal & Provincial) – Sales Taxes (Federal & Provincial) or Taxes on Housing, Utilities & Services (Federal, Provincial & Municipal)

    As well we have “hidden taxes” that are included in the pricing of some items… such as Gasoline, Liquor and Cigarettes (which Canadian’s fondly refer to as “Sin Taxes”).  These hidden taxes is part of the reason that we pay soooo much more for these items than our American Neighbours

    Examples:  Booze here is aprox 2x the cost as in the USA (ie a Case of 24 Beer = around $ 50).  Gasoline is today running around $ 1.28 a Litre in Ontario… which works out to aprox $ 4.84 CDN for a US Gallon (or at today’s exchange rate $ 4.55 US)

    “Tax Freedom Day” in 2013 was June 10, 2013… which is used as an illustration to show at what point in the year that one is done paying their taxes… and from that point on the money earned is their own.

    To @calisunshine3404: Lol, 13% is pretty much middle of the road here when it comes to Sales Tax… every Province Collects our Federal Goods & Services Tax (a Value Added Tax)… GST is 5% and then each Province can determine their own level of Provincial Sales Tax… PST runs the gamit from a LOW of 0% in Alberta & the Territories (Northwest – Nunavut – and Yukon) to a HIGH of 10% in Nova Scotia.

    Alberta & The Territories don’t charge Provicial Sales Taxes due to two reasons…

    1 – The primary one being they are RICH in natural resources so they are income rich places

    2 – And when it comes to the Territories they also have the element of being very low populated places… people up north pay a lot for Goods & Services as it is because of “shipping costs”

    Some Provinces choose to collect these 2 levels of Sales Tax as one line item on a Receipt… in which case they are referred to as the HST = Harmonized Sales Tax

    And the Province of Quebec, compounds the tax when they do their calculation… essentially collecting tax on not just the original purchase price of the item, but on the after tax price with GST added in (mind you that brings their combined rate as applied to 14.975% so not quite as bad as Nova Scotia).

    So where does all this tax money go ?

    Well a fair bit of it does support our social programs that Canadians enjoy like Medicare (hence too why “Sin Taxes” exist… if you drink or smoke the thinking is the more likely you’ll be to need medical help eventually)

    Hope this helps,


    Post # 15
    6455 posts
    Bee Keeper
    • Wedding: June 2013

    Boo- just checked the average amount taken out over the year and it looks like 26.2% went to the  government this year. I didn’t vote though because I’m not sure how much I will get back so I’m not sure how accurate this number is. I’m glad DH has this whole tax thing under control because I’m pretty clueless.

    Post # 16
    1134 posts
    Bumble bee
    • Wedding: December 2014

    @calisunshine3404:  I live in Canada and every province is different, but I’m in Ontario and there are different percentages for every tax bracket.

    But, I’m not exactly sure. I have never made it past the first tax bracket for either federal or provincial taxes. The first bracket in Ontario is about 5% of total income and for Canada it’s 15%. Those rates go up with higher incomes of course. I think the minimum taxable income in Canada is $13,000. I have always overpaid into my taxes through my employers over the years, and also myself (since I’m also consistently self employed). So I get a pretty nice return cheque at the end 🙂

    There are also other things that Canadians pay into like the pension plan and Employment Insurance. Those are mandatory payments like taxes.

    I think a lot of our taxes here are higher on average then in the US, but remember that we also get a lot more social services in return. Like healthcare and cheaper university for example. Not free university like in some parts of Europe, but the government uses tax money to subsidize public institutions, so tuition at those schools is cheaper.

    Sales tax in Ontario is also ridiculously high. 13% right now, and it used to be 15%. Many people do cross border shopping in Niagara Falls, Buffalo, Detroit, etc. but the problem with that is it doesn’t support our economy and doesn’t put funds back into government coffers.

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