Oh I wasn't thinking of someone who's single. I thought it was pretty obvious that you go up to 50k. After all, who graduates to that level of salary?
Apart from me.
Yeah few people get to be lucky and get high paying jobs, it's an unfortunate situation. Canada is nowhere near as bad as anybody else in the west, so the "occupy" protests here failed utterly but back to the topic at hand...
For dividends, here they're counted as income but you get tax credits for dividend income. What is it like in other countries? Also what is the effect, if anybody knows, of the different ways of counting such income.
@Greenmantle: Well 25% is the maximum in EU, unless you live in Hungary, where VAT is 27% from next year. (EU? What EU?) Income tax is 20.2% + 10% for pension + 7% healthcare + 1.5% i-dunno-what making it 38.7%. It is a bit better if you earn under 11000 USD / 8000 EUR a year or you have 3+ kids.
In the UK dividend income is taxed at a lower rate (about 10% less for each band) for the same bands but it is considered as income on top of your savings and employment. So if you earn £37k from your job and then £400 pounds from savings account interest, then those are charged at the basic rate but your dividends go on top so they get taxed at the higher rate -10%.
The Paedofinder General
@Whale
I was using the rates for 2011/12, it was the figure you said for last year.
Also yeah £30k comfortable for a single person. (Well if you lived in London maybe less comfortable, and if you lived up north more comfortable.)
By the powers invested in me by tabloid-reading imbeciles, I pronounce you guilty of paedophilia!
SSOT, £50K is a damm fortune if you're single. Imo, being comfortable is getting £25k-£30K gross if you're single.
Dutch Lesbian