“Most Canadians Are Now Better Off Than Most Americans,” Bloomberg contends.
Are they?
Canada’s unemployment rate is 5.7%. America’s is 3.7%.
Then there’s income
“Taxes can also be a key differentiator for the two countries. Canada has a higher average practical tax rate than the United States at 28%. Business Insider reports that after taxes Canadians bring home $35,299 annually on average. In the United States the practical tax rate is lower at 18%. As such the average post tax annual salary in the U.S. is $52,344.”
But at least Canadians can wait a year for “free” hip replacement surgery.
Anyway, people tend to vote with their feet.
Read the full story from Front Page Mag
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