Taxed To Death

It's that time of the year. I do my own income tax. Many people don't realize how heavily taxed we are. An example, I am in the second tax bracket, since my taxable income is above $37,178 for the tax year 2007. I found a missing T5 slip for interest. So I recalculated my income tax knowing what a large bite will be charged to this extra declaration. My missing T5 slip was for $586.00 and I had to pay 37.48% of that amount in additional taxes. That's $219.63

Highway robbery, no doubt about it.