What I'm saying is that our nominal rates of tax are quite similar on income. We have a 15% sales tax here... and in this province, that sales tax is basically what pays for our health care. There is no other premium for health unless you go out and buy a private insurance plan for drugs/dental. What irked me about at least some places in the US, from what I understand... you pay property tax on all the equipment you own every year. Here we pay tax on real property but not on mobile equipment as such. There is 15% sales tax on all that equipment (up front) but if you're a registered business that collects/remits tax, then you simply get a refund of that tax at the end of the quarter or whatever filing system you're on. The 15% sales tax is revenue neutral to registered businesses. We have to collect tax on taxable items we sell and remit it... but that's balanced against the tax we pay on items we buy... so typically for a farm, we pay a lot out and collect very little because most farm products are 'zero rated' for tax (not taxable)... so we simply collect a refund at period end. So back to property tax.. that kind of surprised me that all that stuff was taxable, at least in some locales... We pay 2.50/1000 assessed value here on land/buildings but ag land is exempt. Forest land is 25 cents per acre, etc. It's minimal. But due to assessment we get whacked pretty good on our buildings. Somewhere in the vicinity of 5k/year for us. In terms of personal tax, I usually don't pay any. Between basic exemptions, investment tax credits for farm business and volunteer fire fighter tax credits (3k federal and 500 provincial), that covers me most times...
Also keep in mind that a lot of the items you see cheaper on your side of the border have more to do with exchange rates than taxes. Even when our dollar was at par we were paying upwards of 20% more for parts because CNH likes to profit on the exchange... Other things like fuel have a road tax built into the price that you pay instead in tolls...
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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