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11-15-2012, 01:09 PM
Diamond Joe Quimby
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Join Date: Aug 2010
Location: Washington, DC
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Originally Posted by Anthrax442 View Post
Don't you pay taxes wherever you live over 50% of the time?
Not necessarily. For these guys at their pay grade, this year:

Canadian Federal rate: 29% (income over 132k)
Ontario provincial rate: 5.05% on first 39k, 9.15% on next 39k, 11.16% on amount over 78k.

American Federal rate: 35% (Income over 388k)

So it's a good amount, however, there are a lot of deductions that can help ease the pain of double taxation.

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