Jason Smith from Fix My Books dives into a detailed comparison of high-income probabilities in Canada and the United States using 2022 income statistics. If you're curious about where you’re more likely to climb the income ladder—or how taxes impact your earnings—this video is for you!
💡 Key Insights:
📊 Income Distribution: In Canada, 67.64% of the population earns $50,000 CAD or less, while just 5.7% earn over $140,000 CAD. In the US, 4.1% earn $200,000 USD or more, showing greater high-income potential.
💵 Tax Impact: The US offers lower taxes at higher income levels, potentially leading to more disposable income and opportunities.
🌎 Economic Potential: Jason explores why the US might be a better bet for high earners, with higher probabilities of reaching top income brackets.
🎯 What You’ll Learn:
- The methodology behind adjusting Canadian and US income data for accurate comparisons.
- How skewed income distributions affect earning potential in each country.
- Why the US tax system might favor high-income earners more than Canada’s.
🔗 Follow Us:
🌐 Website: [ Ссылка ]
📸 Instagram: [ Ссылка ]
📘 Facebook: [ Ссылка ]
💼 LinkedIn: [ Ссылка ]
Don't forget to like, subscribe, and hit the notification bell for more expert advice on tax compliance and financial management!
Register your Sole Prop/ Incorporate thru Ownr (15% Discount through Affiliate Link): [ Ссылка ]
#TaxComparison #HighIncomeEarning #CanadaVsUSA #FixMyBooks #IncomeDistribution #Taxes #finance
