Re:Why the U.S. Spends So Much More Than Other Nations on He...
by refurb on Thursday January 04, 2018 @12:06PM
(#16071942)
Doing a conversion of USD to equivalent CAD is not reasonable. Salaries are generally higher, dollar for dollar in the USD.
You're also ignoring the multiple tax breaks available in the US that aren't an option in Canada: mortgage interest deduction, uncapped 401K contribution, etc.
Re:Why the U.S. Spends So Much More Than Other Nations on He...
by tonyarkles on Thursday January 04, 2018 @01:34PM
(#16072783)
We can keep going here...
https://en.wikipedia.org/wiki/List_of_California_locations_b... http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/f...
Median family income in California: $70,187 USD Median family income in Saskatchewan: $86,970 CAD ($69,516.86 USD)
The currency conversion seems pretty reasonable. And yes, I'm ignoring the various tax breaks available on both sides, as well as a number of other perks (e.g. 55% paid maternity/paternity leave for 35 weeks). We're in the same ballpark here though.
Know what's awesome? Knowing that I can break my arm and have it taken care of with virtually no out-of-pocket cost.
Tax-wise, I'm totally speculating here because I don't know the ins-and-outs of the American tax system, but here we go.
https://simpletax.ca/calculator https://www.irscalculators.com/tax-brackets-calculator.php
I'm going off of $85,000USD/$106571CAD (equivalent today according to Google), and using California.
California: total tax paid $25,252.56USD, you keep $59,747USD
Saskatchewan: total tax paid $30,465CAD ($24,308.33USD), you keep $76,106CAD ($60,702.91USD)
So on the same amount of income, we pay about the same as California residents, but all of our health care costs come out of the taxes we've paid. Seems like a pretty good deal, not having to pay any health insurance premiums on top of that.