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Difference between U.S. and Canada tax rates?
If I earn 30k per year, if you add up federal, state/provincial, social security/insurance, etc. what's the difference in tax % between U.S. and Canada? Just in general is fine, but if you want to get specific, what's difference between Alberta and Illinois tax?
1 Answer
- John QLv 41 decade agoFavorite Answer
Illinois: State - $840; Federal - $2,796; FICA - $2,595; Total - $6,231.
Alberta - Province - $1,270; Federal - $2,977; CPP/EI - $1,863; Total - $6,110
The above assumes you are single and have no special exemptions or deductions other than the standard personal exemption.
Source(s): http://www.walterharder.ca/T1.html http://www.taxadmin.org/FTA/rate/ind_inc.html http://www.dinkytown.net/java/Tax1040.html