Re:Canada is North America’s up-and-coming startup center
by acchow on Thursday April 20, 2017 @08:47PM
(#14162194)
Taxes are lower in Ontario than California for most people.
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Re:Canada is North America’s up-and-coming startup center
by refurb on Friday April 21, 2017 @11:03AM
(#14166189)
Income taxes (maybe). Not VAT, gasoline or alcohol taxes, just to name a few.
Re:Canada is North America’s up-and-coming startup center
by acchow on Friday April 21, 2017 @06:02PM
(#14169774)
Ok, so you're saving 4% on VAT in California - if you're spending $40k/year on non-rent things, that's $1600. Alcohol taxes are negligible. Gasoline taxes in Ontario are higher than in California, but also a negligible difference.
But high earners pay lower taxes in California because the higher brackets are lower and they can purchase a home (interest portion of mortgage is tax deductible).