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Compare for yourself. https://smartasset.com/taxes/california-tax-calculator#IrgvH... https://simpletax.ca/calculator At wages of (All amounts are in USD): $100,000 USD, $200,000 USD, and $400,000 USD, you will pay: $32,000, $69,000, and $159,000 in taxes in California.
$28,000, $73,500, $169,000 in taxes in BC. But that's just income tax. There's also Social Security/Unemployment Insurance contributions. In the US, 13%[1] of your salary up to $130,000 will go to social security contributions. In Canada, 10% of your salary, up to $40,000 USD will go towards the CPP and Unemployment Insurance. So, at the $100,000 USD salary, you will pay $45,000 in taxes in California. In BC, you will pay $32,000 in taxes. At $200,000 USD, you will pay $86,000 in taxes in California. In BC, you will pay... $77,500. At pretty much every tax bracket, you will pay more taxes in California, and get less for them, then you would in BC. As it turns out, maintaining twelve super-aircraft carrier groups is expensive. Mind you, BC is not all flowers and roses. The provincial government runs the place with all the integrity and forward-thinking of a banana republic. [1] Yes, your employer pays half of it. That money would have otherwise gone towards your salary. |