Canadian Deductions versus Minimum Wage.

Discussion in 'Community Discussion' started by waloshin, Jun 6, 2010.

  1. waloshin macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #1
    Say if a person worked at fast food job for 4 years, they now make $12 an hour. Some student comes in and makes a little over minimum wage, they start at $10.25. Now what is this person that makes $12 an hour is over 18 and has to pay taxes, now after deductions of 14% they get paid $10.32 an hour. So the funny thing is after working there for 4 years they make the same amount of money as the teenagers.

    To add to it.

    Teenagers sometimes pay for plates, gas and insurance for their car.

    18+ pay for gas, insurance, plates, food, bills, rent. ect

    So the moral of this little rant is education is important, and everyone should get the highest education they can, and that taxes suck sometimes.
     
  2. GoCubsGo macrumors Nehalem

    GoCubsGo

    Joined:
    Feb 19, 2005
    #2
    Well ok then. I only wish I were in the 14% tax bracket.
     
  3. waloshin thread starter macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #3
    Well i am sure you make more then $10.32 an hour after taxes so yeah it works just fine.

    Edit actually 15%. So actually $10.20 an hour less then teenagers.
     
  4. dukebound85 macrumors P6

    dukebound85

    Joined:
    Jul 17, 2005
    Location:
    5045 feet above sea level
    #4
    you don't pay taxes on wages if under 18 in Canada?

     
  5. waloshin thread starter macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #5
    Nope.
     
  6. Abstract macrumors Penryn

    Abstract

    Joined:
    Dec 27, 2002
    Location:
    Location Location Location
    #6
    Minimum wage in your province is over $10/hour? Around 6 years, ago, it was around $7.00 in Ontario!!!!
     
  7. waloshin thread starter macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #7
    No, minimum wage is $9.25 , but most get paid $10.
     
  8. waloshin thread starter macrumors 68040

    waloshin

    Joined:
    Oct 9, 2008
    #8
    So the funny thing is if you started at a job at 16, you paid no taxes made minimum wage you got rases ext , 4 years later you get deductions and are still making minium wage. So you gain nothing especially over new workers.
     
  9. Leareth macrumors 68000

    Leareth

    Joined:
    Nov 11, 2004
    Location:
    Vancouver
    #9
    how ever did you reach that conclusion ?

    you do realize that when you file your taxes you usually end up getting that "cut" back and more.
    especially if you are a student.
     
  10. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003

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