And once those questions are answered, it's a specific case, not a broad generalization.
How much tax does the average Canadian millionaire pay?
- Thread starter JLM
- Start date
I'm not the one with the 3.3 million buddy.
I don't pay income taxes because of business and charitable deductions. Hint: you can't use them cuz you don't pay taxes in the States.
Without knowing any details of the matter I'd say he paid his share and then some!
Same situation in Canada on the charity angle.
The bottom line question is if the person earned as personal income $3.3MM... It would be their choice to donate whatever they wanted of that income, but in doing so, they carve out that amount from the funds available to themselves.
On another tack, for all we know, buddy had personal tax credits from something like capital losses to the tune of $5MM in which case his personal income of 3.3 is fully sheltered.
I used to work for a millionaire. There was 6 of us all making about 100k per year paying taxes. His gross sales was about a million and a half. And the business was barely making a profit. He was the only one not collecting a salary. I wonder how many like him get no apreciation from you self entitled leftard pigs that never work any harder than you must..and you whine about it. **** you. **** all of you
He created devices that solved real problems. Changed the way world did things. Tbat is about all i can say without saying too much so **** you.
By the way, who says he was a businessman? He was more than that.
Well, if he was barely turning a profit, he couldn't have been very good at it. Maybe he needed to sack the lot of you and hire a good accountant.
Obviously he needed better employees, he was paying these numnuts $100,000 per year to help him not make money.
If you don't think he was profitting I'd like you to manage my oceanfront property in Arizona.
Ah, but that's the thing isn't it? Members of the business community tend to make greater use of infrastructure provided by government.
And I would be very happy to pay almost no tax so that I could increase my charitable donations. I really don't care what the wealthy do with their money after they have accepted their fair share of the tax burden.
Since when? Consumption taxes mean nothing to the wealthy and burden the poor unfairly.
I'd be careful with that one, probably not completely true. There is often an on going cost with the use of infrastructure!
Dunno... Does this qualify as "winfall"?
One might think dumbass scammers would check the country in which their intended reside ... and not attach California area codes on alleged Washington phone numbers....
One might think dumbass scammers would check the country in which their intended reside ... and not attach California area codes on alleged Washington phone numbers....
What percentage of tax money do you think is squandered? 40%, 50%, 60%? When a rich man makes a charitable donation almost every dollar is an effective dollar compared to the "empty" dollars he's forced to donate by most wasteful bureaucraps!
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What percentage of tax money do you think is squandered? 40%, 50%, 60%? When a rich man makes a charitable donation almost every dollar is an effective dollar compared to the "empty" dollars he's forced to donate by most wasteful bureaucraps!
Squandered? I don't know. Why don't you give me an accurate estimate? I'm guess that it is nowhere near any of the numbers you mentioned. And what makes you think that every millionaire donates to charity? Some spend everything on themselves.
You want examples of squandering? Here are a few.
21 outrageous ways the super rich spend their money
Outrageous ways the super rich spend their money - Business Insider
I wouldn't think for one second that every millionaire donates to charities but many do.
