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Reply #131: Republicans always quote the marginal tax rate when saying what Canadians pay [View All]

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YewNork Donating Member (449 posts) Send PM | Profile | Ignore Thu Aug-12-10 06:54 AM
Response to Reply #29
131. Republicans always quote the marginal tax rate when saying what Canadians pay
For those who don't know, Canada has a progressive income tax like we have in the US. The more income you have, the rate increases.
The marginal tax rate is the tax on your NEXT dollar income, it's not the tax that you've paid on all your income. But, the GOP makes it sound like Canadians pay 40% income tax. They don't.
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