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      05-01-2019, 04:09 PM   #74
Second Lieutenant
cmyE93M3's Avatar

Drives: E93 M3
Join Date: May 2017
Location: Oakville & Chicago

iTrader: (1)

I live in Canada but work in the U.S. as a CEO of a company, I can tell you seeing both sides of the equation that flat out, a government oriented system like that of Canada, Sweden, Norway, where ever, will simply not work in the U.S. I cannot be convinced otherwise. I see the group benefit costs to the company I run and every single year it increases by minimum 8% to 12%. We play with the deductibles, decrease some nice to have coverages and ensure a good, solid, meat and potatoes health care for the employee's while still accepting as much premium as we can spare and this is frankly not ideal, but the best course to take in the States.

Small population countries like Canada can function with a system oriented to government because the population is manageable and with reasonable numbers comes reasonable costs.

Don't forget in Canada, tax if you make north of 150K is 33.15% average but the marginal rate is 47.97% at source (that means if you make base $150K but get a bonus for $50K, you pay tax of 47.97% on the $50K), plus deductions for Canada pension, employment insurance, etc...Then go buy anything at a store in Ontario, it's 13% tax on goods and services. Gas has an excise tax of $0.04 a liter buried in it, booze has an environmental tax, volume tax and container tax (sorry, the call it a deposit which is BS), then property tax on home ownership which is about 1% of the assessed value of the home.

I love Canada, it's home and a beautiful country but the services we receive are not cheap. If the U.S. moved to a similar system your tax rates must increase substantially to cover the costs.
2008 E93 M3 | SSII | HRE P40's (Sold 2018)
2011 E90 M3 | Jerez Black (Sold 2019)
2019 IS300 | Can't wait for the lease to end.
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