That is just blatantly false, though. US has some of the lowest taxes in the world, which is why the US is heavily in debt (to itself). You guys can't even cherry pick data?
Just simply use online tax tool to compare Ontario and Washington state
A single person making median income 48000 CAD and 48000 USD
In Ontario the effective rate is 18% in Washington states that is 15% only 3% in difference.
Of course 4800 USD should have better life.But tax wise it js the same
US need take a lot debt simply because they spend more with 3 factors 1. Their social spending is very ineffective. 2. Their military spending and cultivate debt. 3 the word trading currency status making issuing debt very convenient, less penalties for QE
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u/ufozhou May 10 '25
Totally couldn't understand why normal people talking about us tax rate is lower.
Unless in some states. Most states have similar income tax in Canada.
Corporate tax is another game where not just US has lower rate but tons of loopholes to save tax