|Date:||3/13/2020 4:31:37 PM|
|Subject:||RE: US Healthcare Question|
You guys realize Canada operates on a marginal taxation rate, correct? Like, you don't actually pay 33% taxes on your total income.
For each of the above brackets, you pay the associated tax rate on each *PORTION* of your income. Your effective tax rate is most likely much lower than 33% of your total income.
An example (from this site:
I sincerely doubt you would be further ahead in the US with a private health insurance plan, even if you lived in a state without state income tax.