canada

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

Currently: WhatsABI

Always blew my mind how cheap capital gains taxes were in Canada. If you just made $200k in capital gains in Ontario, you'd basically be paying 11.44% in taxes (compared to 18.65% in California for long term, 27.07% for short term!!).

Fun fact: As an Ontario resident earning regular income of $150K CAD, you'd pay a total of 31.6% in taxes. As a California resident earning $150K USD, you'd pay more in taxes: 32.5%.

Slightly less at $350K, $500K:
- Ontario: 42.8%, 46%
- California: 39%, 42.3%

Also:

Fun fact: As an Ontario resident earning regular income of $150K CAD, you'd pay a total of 31.6% in taxes. As a California resident earning $150K USD, you'd pay more in taxes: 32.5%.

Slightly less at $350K, $500K:
- Ontario: 42.8%, 46%
- California: 39%, 42.3%

Also: https://warpcast.com/shazow.eth/0xa59d0996

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Top marginal rate in California is 37% + 14.4% = 51.4%

Top marginal rate is not interesting IMO because different countries have different tiers. Comparing top tier to top tier is apples to oranges. Could be $350k vs $1M. Compare a specific percentile income amount (median, or even 80%ile, 95%ile, whatever).