Converted to American dollars, that comes in just below Mississippi, the poorest state in all the United States. In such an arrangement one is, for taxable reasons, considered wealthy if one earns 60,000 or more dollars a year.
Financial success is punished like no other.
The public's child-like dependence on the government, and the government infrastructure designed to satisfy that dependence, has helped create and justify Canada's tax regime. Provincial sales taxes averaging about 7 percent, plus a 7 percent federal sales tax on nearly all good and services. Soon enough those hoping to avoid this can look forward to cruising the streets in Yugo's. Alcohol, tobacco, and gasoline taxes average one half of the purchase prices. Government lottery companies that collect millions of dollars a month from poor schmucks in exchange for the faintest hope of rescuing them from their ruts.