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To: A Formerly Proud Canadian
In the old days when the marginal income tax rate was up to over 90%, the tax rate on cap gains was “only” 25%. I think it’s now something like 40% - Obama got a big increase passed, without pretending that he would get more revenue from it, but just for “you didn’t build that" spite.

12 posted on 11/03/2014 6:14:00 PM PST by conservatism_IS_compassion ("Liberalism” is a conspiracy against the public by wire-service journalism.)
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To: conservatism_IS_compassion

Marginal tax of 90%? WOW!

I believe that the highest in Canada, was in Quebec, at 60%. The highest in Alberta is now 39%, I believe. Don’t know, because the days of income like that for me never existed. Of course, we also have the GST, a consumption tax on most goods and it is a flat 5%. Other than Alberta, all other jurisdictions have an addition Provincial sales tax.


14 posted on 11/04/2014 10:56:27 AM PST by A Formerly Proud Canadian ((I once was blind but now I see...))
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