Countries And Taxation

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Corporate income tax, capital tax, sales tax, property tax and miscellaneous local business tax burdens of those countries. Here’s how the ten countries in the study measured up, from least tax burdened to most:

 India
Canada
China
Mexico
Russia
United Kingdom
Netherlands
United States
Germany
Australia

 The Indian city of Chennai lowest taxes and the Russian city of Saint Petersburg rounded out the list:

 Chennai, IN
Vancouver, CA
Chengdu, CN
Mumbai, IN
Toronto, CA
Montreal, CA
Monterrey, MX
Mexico City, MX
Manchester, UK
Saint Petersburg, RU

 Tax Burden In Canada With Income Splitting
Compare two hypothetical couples with an $80,000 income.
One pair consists of dual earners collecting $40,000 each.
The other is a sole job-holder, making $80,000, living with a
stay-at-home spouse.
That one earner surrenders $14,520 in federal tax while
each member of the two-income couple is subject to a
lower rate, resulting in a total federal tax bite of $12,000.
With identical incomes, one couple pays $2,520 more in
tax. So the moral of this Blog for couples - Income Split
can save you thousands of dollars.

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