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05-18-2011, 10:51 AM
  #17
OpenIceHit
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At the US federal Level, the tax rate is 35% if your income is more than $373,650 according to :

http://www.moneybluebook.com/2010-fe...irs-tax-rates/

And in the state of New York, it would another 8% if your income in greater than $200,000 according to :

http://www.tax-rates.org/New_York/income-tax/

For a maximum total of 43%. So about 5% more than here in Quebec.

At $5,000,000, you pay about $250,000 more in Quebec.

With our dollar being stronger than theirs and the price of housing way cheaper than in New York, I think taxation rate in Quebec is no longer an excuse.

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