Ever wonder where your paycheck actually goes when you're pulling in 100 grand up north in Canada?
Here's the brutal breakdown: Income tax swallows 46K right off the top. Then another 2.6K vanishes through sales tax when you're just trying to cover basic living costs — we're talking 20K in essential spending here.
Do the math. That's 48,600 bucks. Nearly half your annual earnings. Gone.
You grind 12 months straight, and what do you get? The government walking away with half your labor. Makes you think about economic freedom differently, doesn't it?
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TokenomicsShaman
· 12-02 09:01
ngl the tax in Canada is indeed harsh, half a year's salary is gone... but this is why we need to get into defi.
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GasWaster
· 12-01 00:54
nah but fr this hits different when you actually calculate the gas fees on moving that 100k around... like 46k gone is brutal but imagine losing another 5% just bridging to L2 because you didn't catch the optimal window lmao. half your paycheck vanishing is peak government tax, half your crypto stack vanishing to network congestion is just... my life story
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FlippedSignal
· 12-01 00:45
Ngl, this tax rate is outrageous... six months of work for nothing? Is Canada this ruthless?
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GasFeeNightmare
· 12-01 00:33
Damn, as soon as I saw this number, I started calculating... 48600, that's even more than my previous loss in a cross-chain bridge, haha can't laugh it off.
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SignatureDenied
· 12-01 00:33
Ngl, the tax rate in Canada is really ridiculous, half of what you earn in a whole year goes to the government's pocket... That's why web3 is so attractive.
Ever wonder where your paycheck actually goes when you're pulling in 100 grand up north in Canada?
Here's the brutal breakdown: Income tax swallows 46K right off the top. Then another 2.6K vanishes through sales tax when you're just trying to cover basic living costs — we're talking 20K in essential spending here.
Do the math. That's 48,600 bucks. Nearly half your annual earnings. Gone.
You grind 12 months straight, and what do you get? The government walking away with half your labor. Makes you think about economic freedom differently, doesn't it?