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Originally Posted by Elli
I was actually under the impression that Canadians pay pretty similar income tax levels to Americans.
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depends on the state, there are a few US states whose residents overall pay as much in taxes as Canadians do.
As far as personal income taxes, American's average and marginal tax rates are lower than Canadians' but not by all that much. I haven't looked in a while but i think about 5% lower.
No doubt Obama is a socialist and by the time he leaves office Americans will end up pretty much the same as Canadians tax wise. The Republicans will try to roll back some of it when they get back in power but with the mess the American economy is they might not be able to and will have to just tell the public they can thank Obama for the gift of higher taxes.
of course Americans will now have a universal healthcare system, as flawed as it is.