I don't understand CA's taxation as much, except the income taxes are very high with little in terms of actual quality of life improvements. I do understand Canadian and UK taxation somewhat and most rich people don't pay themselves a high salary. There are "City of London" loopholes people can use to form a company and not pay tax. There's another one in the UK, where income not sourced inside the UK isn't tax, and that can be used in creative ways. Which means you can form a company in a tax haven and move your revenues there. In Canada, the corporate tax rate is like 15% and goes down to 9% for small business. And of course there are other avenues through which people form charities for tax avoidance and what not that I haven't dug deeper into. A lot of companies in the US also use the double Irish (closed now) and other similar schemes, don't they? I might not know as much here, so would love to know more. I highly doubt millionaires and billionaires pay 50%+ tax rates anywhere. They would be using loopholes I think. Kind of why I believe income tax is for the most part a failed scheme if you want to tax the rich. Tiered sales taxes might actually achieve more fair taxation.