Wirey
Fartist
Hell no, not in Canada.
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can you live by 500 dollars in month , in your country ?
- Thread starter Godobeyer
- Start date
Hell no, not in Canada.
dust1n
Zindīq
If your friend gets 500 dollars a week, that's 2000 a month, or 24000 a year. First $9075 is taxes at %10, so, $907.50. Add that to 15% of whatever is left. So. 24000-9075=14925. That times %15 is $2238.75. Add them together for $3146.25.
So make $24000 and federal government taxes you $3146.25. Assuming you have purchased a private health insurance plan for any of the scam companies called insurance companies, if not, go ahead and add another another huge chunk to that, and then about hundreds of other factors. What kind of income, what assets does one own. Add state tax (not for TX though), and sometimes city tax. Then tax everything you buy something. More tax on tobacco, alcohol, gasoline, hash. Plus taxes to drive and to register a vehicle. Taxes to maintain the Fishing Department when you fish. Property taxes on your home, etccccc. Although if you only make $24000 dollars in America, you can essentially give up on the idea of buying land or a house. First you have to rent a house and pay someone Else's mortgage on an extra home they own.
Two people living together might live simply on 500 times two. 1000 dollars a month might get housing and enough to eat in some places. No car, no cigarettes, no entertainment, no security.
Maybe back when 500 dollars might have bought 2000 dollars worth of expense?
A lot more recently than that.
AnnaCzereda
Active Member
I live with my family and we have more than $500 a month. This is a minimum income in Poland and yes, it's possible to live on it but it would be very modest living and you would have to be very careful while spending your money. However, I'm talking about living alone without children. I can't even imagine how one could get by on this sum while having children unless helped by family members, welfare and charity.
Shadow Wolf
Certified People sTabber & Business Owner
$500 a week here is enough to live comfortably, and actually be able to build up a savings after things like health care are paid for. 2 people, no kids, it's not bad. Emergencies and car repairs can still wipe out your savings, and kids would be difficult, but here one or two people can live at least comfortably.
dust1n
Zindīq
I consider it very much teetering. Also depends on where you live. The city gets a little pricey.
Shadow Wolf
Certified People sTabber & Business Owner
I've been there; that's how I know that here $500 a week for one or two people with no kids is decent money. But here is one of the cheapest places to live, and it's because people don't make much money around here.
dust1n
Zindīq
Eh. You live, I guess.
Alitheia Aylso
Philosopher
Yes you can live, but you may have to give up the finer comforts.
for my opinion the taxes in USA take too much money from people .
by just taxes $9075 for YEAR (958492 Dinnars) you can live in Algeria very comfortable life . i mean you can eat;drink,wear clothes whatever you want, include Internet and electricity and home gaz , car gaz and mobile 24/24 free calls !!!
I am just curious why the same value of money $500 could make a huge different of way of life, from country to another .
Shad
Veteran Member
The high tax rates are leftovers from World War 2 and should of been abolished after the war. During the war nations were strapped for cash to cover military build up so income tax was introduced. Another fact is the Algeria has nationalized it's oil industry while other nations have not. If Canada nationalized it's oil resources it would be one of the richest on the planet. Canada exports about 300 years worth of oil if used by Canadians to America per year. If the government changed this the nation would be making billions to trillion a year. Taxes would be moot in comparison to just this category of resources alone
I have. I was single, though. At times squatted. At times couch surfed. And other times just lived in low-rent housing with a few other folks in the same situation. The latter situation is the best option, because then you can "unpack" your stuff and maybe stock up on a few things too.
So yes, one can live. Having health problems while living in such circumstances makes it far more difficult. Security and safety often times is compromised as well.
With children? I can only imagine.
So yes, one can live. Having health problems while living in such circumstances makes it far more difficult. Security and safety often times is compromised as well.
With children? I can only imagine.
you absolutly right .
if the condidate president (in Canada or USA) come to change this law , and say he will nationalize the oil resources , gaz ...etc
do the people in Canada or USA will vote for him/her ?
but i am still curious why $500 don't make live for month in USA or Canada or Europe , but it's make you live comfortable in Algeria for exemple
Shad
Veteran Member
I would vote for such a candidate. The current government is selling off resources to the highest bidder but also making foreign companies immune to national laws. So a foreign company operating a oil refinery or pipeline in Canada can not only break laws like safety regulations but also avoid legal penalties.
The cost of services and products is directly influences by the wages citizens earn. This is influenced by the costs of production costs. There is also the factor based on if an item is imported or not. So the value of a dollar in one nation is in parity with the average wages, cost of services, fees and taxes. For example min wages is 10-11 dollars so cost reflect this wage. So for a company to make a profit whatever services or products it provides it needs to charge a rate which corresponds to its costs. If 10 people making 10 usd/hour produce 100 baskets an hour in total, 100 usd cost for labour. The resources costs per basket is 1 usd, 100 cost for resources. So these hundred baskets must be sold at a rate which covers these costs. There is also transportation of items, fees, taxes and other investment such as advertising. This further adjusts the final price of an item. There is also investments made into the dollar via the stock market. This drives the value of currency, up and down, thus cost change accordingly, if very slowly.
Keep in mind the average wage in Algeria in USD is about 1/5 of what it is in Canada. So you pay for the value of the item in your nation rather than what it is in another nation. A portion of the population can take advantage between the disparity between the costs in Algeria and Canada short-term. Hence why tourist visit nations on the lower end of the development index as their money is worth more in that nations market. Only business and the rich can take full advantage of this disparity long-term as their sources of income are not directly bound by working in a specific location like a common labourer.
esmith
Veteran Member
I think you misunderstood my post. Surfer Dude does not have a house, nor kids, has free emergency care at hospitals, does it look like he goes to work every day. You are generalizing everyone's s situation as equal. They are not. I just pointed out that Surfer Dude can probably make it on $500 a month sponging off his friends, relatives, and the taxpayer. It's his current life style.