What sort of income tax do you pay? I work in London and am in the highest tax bracket, they take 45% income tax ๐Ÿ˜ช

๐Ÿ’ต Finance
5
jefe
Arsonist
4
๐Ÿ
In Canada, so a fair bit, but not totally sure of the percentage.

Got a big bump in my new role so we'll see the taxman takes next year.

I do like healthcare though.

Do you use an accountant to maximize deductions?
CuriousFox
WR Officer
3
๐ŸฆŠ
Totally jelly of your healthcare โค
jefe
Arsonist
0
๐Ÿ
It's pretty damn good, though mental health is lacking.

People like to complain about the wait, but if it's important it gets done right quick. Add on private insurance through work, and you can get a more private room and 95% of prescriptions covered.ย 
Avon
Politicker
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Senior Account Executive
Is it normal to have private insurance on top of the nationalize system? Genuinely curiousย 
jefe
Arsonist
2
๐Ÿ
Yes, any proper company will provide that. Needed for prescriptions, travel medical etc.
SaaSam
Politicker
2
Account Executive
I've already jumped a tax bracket with commission this year so I'm not sure but it sure isn't 45% dang.
youngspinach
Valued Contributor
2
Senior Account Executive, Enterprise
Yeah I knowโ€ฆ it is what it is. Just have to make more I guess ๐Ÿ˜‚
SADNES5
Politicker
1
down voters are marketing spies
33% here. America's Hat.
youngspinach
Valued Contributor
1
Senior Account Executive, Enterprise
Need to move ๐Ÿ˜‚
AnchorPoint
Politicker
1
Business Coach
Too damn much!ย  Income tax in the USA is absolutely ridiculous... the fact that I have to pay someone to figure it out says it all.
youngspinach
Valued Contributor
0
Senior Account Executive, Enterprise
I love healthcare. I donโ€™t have an accountant to be fair. I just googled ways I can maximise deductions, I wasnโ€™t even aware of. Iโ€™ll look into it. Thanks ๐Ÿ™
youngspinach
Valued Contributor
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Senior Account Executive, Enterprise
@jefe
JDialz
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Chief Operating Officer
They get me pretty good. I go nuts with business expense deductions though which is helpful.
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Income Taxes on OTE - Federal

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Abolish the income tax

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do you work with a personal accountant? - lower tax, increase take home?

Advice
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