Fiscal cliff!!!!!!!!!!! - Page 2 - Snowboarding Forum - Snowboard Enthusiast Forums
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post #11 of 23 (permalink) Old 12-21-2012, 02:16 PM
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Move to Canada boys! Lots of jobs that need to be filled here! (And better places to snowboard too XD)

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Burton Super Hero 2013 151cm, Union Force Bindings 2013, Burton Hail Boots.
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post #12 of 23 (permalink) Old 12-21-2012, 02:19 PM
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I'm thinking it will be just like Dec 21, 2012... nothing. Media loves to scare people to create a dramatic story and politicians will do anything to scare people into leaning toward their side.
This is a bit different. No one wants this to happen, but it is going to happen. Your disposable income will decrease, and your costs will go up.
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post #13 of 23 (permalink) Old 12-21-2012, 02:25 PM
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meh... i don't think the average joe has anything to worry about..
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post #14 of 23 (permalink) Old 12-21-2012, 02:59 PM
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This is a bit different. No one wants this to happen, but it is going to happen. Your disposable income will decrease, and your costs will go up.
have you ever been to Canada? everything up here costs on average 50% more (or more), we pay more taxes, and have higher income tax. i find it funny that our dollar on paper is worth about the same as yours, yet in reality its worth practically nothing. before my injury (had to quit work) i had about $400 a week taken off my paychecks, then another 13% added onto everything i buy. so much for our "booming" economy...
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post #15 of 23 (permalink) Old 12-21-2012, 03:07 PM
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have you ever been to Canada? everything up here costs on average 50% more (or more), we pay more taxes, and have higher income tax. i find it funny that our dollar on paper is worth about the same as yours, yet in reality its worth practically nothing. before my injury (had to quit work) i had about $400 a week taken off my paychecks, then another 13% added onto everything i buy. so much for our "booming" economy...

Yup been there several times. But I live in Aus, so i know about paying more! Beyond that, i don't really know what you are talking about. No economy is booming at the moment.

America may well slide into recession.
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post #16 of 23 (permalink) Old 12-21-2012, 09:14 PM Thread Starter
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have you ever been to Canada? everything up here costs on average 50% more (or more), we pay more taxes, and have higher income tax. i find it funny that our dollar on paper is worth about the same as yours, yet in reality its worth practically nothing. before my injury (had to quit work) i had about $400 a week taken off my paychecks, then another 13% added onto everything i buy. so much for our "booming" economy...
You have to ge from Southern Ontario/Golden Horseshoe. Move west young man.
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post #17 of 23 (permalink) Old 12-21-2012, 10:07 PM
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have you ever been to Canada? everything up here costs on average 50% more (or more), we pay more taxes, and have higher income tax. i find it funny that our dollar on paper is worth about the same as yours, yet in reality its worth practically nothing. before my injury (had to quit work) i had about $400 a week taken off my paychecks, then another 13% added onto everything i buy. so much for our "booming" economy...
Sounds like living in NY, but without the healthcare.
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post #18 of 23 (permalink) Old 12-21-2012, 10:39 PM
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if only I had cable or watched the news, I would know what you are talking about. I guess I will just have to go snowboard again tomorrow in honor of this cliff.....
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post #19 of 23 (permalink) Old 12-24-2012, 09:22 PM
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Enjoy your 4 million dollar vacation Mr. President you earned it

Enjoy your holidays Mr/Mrs "representative" you earned it

Enjoy your golden parachute retirement Mr/Mrs ex politician, wish I could work for 4 years and retire

Enjoy your cat food xmas dinner Mr/Mrs taxpayer you earned it

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post #20 of 23 (permalink) Old 12-24-2012, 09:58 PM
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Quote:
Originally Posted by mikeinaus View Post
have you ever been to Canada? everything up here costs on average 50% more (or more), we pay more taxes, and have higher income tax. i find it funny that our dollar on paper is worth about the same as yours, yet in reality its worth practically nothing. before my injury (had to quit work) i had about $400 a week taken off my paychecks, then another 13% added onto everything i buy. so much for our "booming" economy...
Things cost more, but 50%? I live very near the border and we go down to the US all the time. Now that the $ is at or near par, the difference isn't that high. And most of that is simply the 10:1 population ratio. Nothing to do with taxes, everything to do with product movement and inventory costs.

As far as income taxes, our tax slope is certainly steeper than the US, i.e. we hit any particular percentage tax on a lower income. But the actual percentages again are not that different. And BTW, if you had to pay for health insurance at US rates, you'd more than make up the difference until you're up around $140K/yr.

As far as sales taxes, it depends what province/state you're in. California is at, what, 11 or 12 % right now? And at the other end, Alberta is at 5% (GST only).

In the end, a very large part of the problem is population density. We have 1/10 the population of the US, and although some costs are proportional to population, many are not. Just to use a trivial ferinstance, to run power lines from whichever dam is supplying Vancouver with power wouldn't cost twice as much if we had twice the population, it would only cost maybe 10% more. Similar problems with sewer, water, and any other kind of infrastructure. There's a basic cost that you can't get around even if your population is 12.

This is not to say that I like taxes. I'm not some drooling NDPer. But I think you have to understand the problem rather than just rant about it.


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