I'd like to live in Nunavit, Canada for the next few years because of the lower taxes.
For example, if my Taxable Income will be $70,000, the Average Tax Rate will be 19,75% and the Marginal Tax Rate will be 29%. After income tax, I will have $56,176. If I will live in Toronto, then the Average Tax Rate will be 21,83% and the Marginal Tax Rate will be 32,98%. It means that after tax my income will be $ 54,718.
For example, if my Taxable Income will be $70,000, the Average Tax Rate will be 19,75% and the Marginal Tax Rate will be 29%. After income tax, I will have $56,176. If I will live in Toronto, then the Average Tax Rate will be 21,83% and the Marginal Tax Rate will be 32,98%. It means that after tax my income will be $ 54,718.
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