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Thread: BBO is going up 1% to 2.5% soon. . . .

  1. #11
    Senior Member act1966's Avatar
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    General taxation is unfair at lower income levels (not that I'm a fan of it at higher levels). A Canadian making minimum wage (and there are A LOT of them) earns a gross income of $20,000 per year and they're still subject to the HST of 13% on all goods and services and a 15% federal income tax. Yes, there are tax credits BUT that doesn't help the weekly grocery bill. So, when you compare comparable income strata, you get a different picture of what a 2.5% vs 13% general tax implies.

    Taxation is ugly no matter what way you slice it but it's the price of having services available.

  2. #12
    Senior Member Tom and Stanley's Avatar
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    Just so you all know, the BBO is a sales tax only. There is also an income tax here. I am not sure what that rate is and there is the AZV tax too (health insurance). I have read an article somewhere about the highest tax rates in the world and Aruba is number 1. I think it quoted that the rate was over 40%. . . I will have to look and see if I can find the article. . . Average wage here is $20,000.00 / year also. . . That's not minimum, that's average. . .

    Tom and Stanley (the Aruba Guys)

  3. #13
    Senior Member Tom and Stanley's Avatar
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    Sunday, 5 January 2014 09:23
    ORANJESTAD — Worldwide Aruba still ranks first of countries with the highest income tax rate. Citizens with a taxable income of 309,131 florins or more are to pay 58.95 percent tax. With such annual income married persons are to pay slightly less income tax, namely 55.85 percent.



    Here is the article that I saw the Aruba Tax rate listed. . . . . It was in Amigo.com

    Tom and Stanley (the Aruba Guys)







  4. #14
    Senior Member cpjones's Avatar
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    Quote Originally Posted by Tom and Stanley View Post
    Sunday, 5 January 2014 09:23
    ORANJESTAD — Worldwide Aruba still ranks first of countries with the highest income tax rate. Citizens with a taxable income of 309,131 florins or more are to pay 58.95 percent tax. With such annual income married persons are to pay slightly less income tax, namely 55.85 percent.



    Here is the article that I saw the Aruba Tax rate listed. . . . . It was in Amigo.com

    Tom and Stanley (the Aruba Guys)





    ...refers to high income people..... Here's more...from the same article....

    "For that matter the vast majority of the Aruban population isn’t confronted with this highest tax rate. According to the Central Statistical Office, most of the people earn a salary of 2000 to 3000 florins per month. Dependent on their situation these citizens pay 7 to 14.45 percent on income tax."

  5. #15
    Senior Member act1966's Avatar
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    That's really interesting: a Canadian making minimum wage is actually worse off than an Aruban making the comparable income. AND they get the winter?!? Ugh. Our cost of living is also comparable. Not good.

  6. #16
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    Last week it was reported in several news outlets that Canadians now pay more in taxes in a year than on the basic necessities of life. Makes you wonder when you see how the tax money is squandered

  7. #17
    Senior Member act1966's Avatar
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    Aruba could definitely learn fro Canada's mistakes. Government bureaucracy is ridiculous up here.

  8. #18
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    This is entirely counter intuitive. Places that make a lot of money from tourists tend to have lower income taxes etc for residents. Case and Point, Florida.

  9. #19
    Aruba since 1979
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    Andrea J.'s Avatar
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    As a reminder.......let's try to stay on topic re: Aruba's BBO tax

    Re: Canada and their taxation i encourage you to discuss in "off topic"

    thanks!

  10. #20
    Senior Member act1966's Avatar
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    Ok. The point was to illustrate the BBO increase relative to what other governments/countries (and not just Canada) are levying against people of comparable income segments to put it in context.

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