Comparitive essay help?


canada's taxes compared america's taxes:

average tax rate in canada higher in united states. in canada total tax , non-tax revenue every level of government equals 37% of gdp, compared u.s. rate of 27%. while tax differential has fallen, coupled better opportunities in still leading cause of brain drain usa.

significant portion of tax differential due spending differences between 2 countries. while running deficits of 4% of gdp, canada has consistently posted budget surplus of around 1% of gdp. considered in revenue-neutral context, differential smaller - canada's total governmental spending 36% of gdp vs. 31% in us. in addition, caution must used when comparing taxes across countries, due different services each offers. whereas canadian healthcare system 70% government-funded, system under 50% government-funded (mostly via medicare , medicaid); adding additional healthcare-spending burden above figures obtain comparable numbers (+3% canada, +7% us) gives adjusted expenditures of 38–39% of gdp each of 2 nations.

taxes applied differently well. canada's income tax system more heavily biased against highest income earners, while canada's income tax rate higher on average, bottom fifty percent of population taxed same on income in united states. however, canada has national goods , services tax of 5% on purchases, while u.s. federal government not, increasing tax burden on canadian low-income earners due regressive nature of sales tax. however, canadian gst not tax food , other essentials , gst rebate low-income earners mitigates regressiveness.

in addition 5% gst levied on purchases, canadians pay provincial sales tax @ rate varies province , can high 10%. in ontario, example, provincial sales tax (pst) 8%, consumers must pay total of 13% sales tax on top of purchase price. there purchases pst exempt, such children's clothing. in u.s., states impose sales tax, , cities , counties permitted levy taxes well, can exceed 10% on purchases.

canada has no inheritance tax while united states still does, although many conservatives , economic liberals pushing have abolished.

it has compare canada country on issue....help topic , country shud use :) thx


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