Wrong again ... like usual. Here's an excerpt from a report by the Fraser Institute along with the link to the entire article, which you won't read because, well, you can't be bothered to be informed. I welcome sarcasm too, but I despise the willfully ignorant. Stop pulling numbers like "10%" out of your ass and do some actual research.
"When examining all taxes from all levels of government in Canada, the paper finds that the top 20 percent of income-earning families is the only group that collectively pays a greater share of total taxes than their share of total income earned. Speci cally, the top 20 percent earns 49.1 percent of the nation’s income but pays 55.9 percent of total taxes—a di erence of 13.9 per- cent. By contrast, families in the bottom 20 percent earn 4.1 percent of the nation’s income while collectively paying just 1.8 percent of all taxes.
The top 1 percent of income earners is often targeted as the group that should pay higher taxes, so this group warrants special focus. However, the top 1 percent’s collective share of total taxes paid (14.7 percent) is greater than its share of total income earned (10.7 percent). is amounts to a gap of 36.9 percent between the share of taxes paid and the income earned by the top 1 percent. Notably, over time, the top 1 percent’s share of total taxes paid has increased from 11.3 percent in 1997 to 14.7 percent in 2017.
When looking at a subset of total taxes, namely personal income taxes, the imbalance between taxes paid and income earned is even larger for both the top 20 and top 1 percent. The imbalance is larger primarily due to the progressivity of Canada’s personal income tax system, which taxes higher levels of income at higher marginal tax rates.
Specifically, the top 20 percent pays nearly two-thirds of all income taxes (64.4 percent) while earning approximately half of all income (49.1 percent). Put differently, the share of income taxes collectively paid by the top 20 percent is 31.2 percent larger than the share of income earned. Meanwhile, the bottom 20 percent pays 0.6 percent of all personal income taxes even though its share of total income is nearly six and half times larger (4.1 percent). The share of income taxes paid by the top 1 percent (17.9 percent) is more than two-thirds (67.1 percent) larger than the share of total income earned (10.7 percent) by this group.
Canada’s top income earners currently pay a disproportionate share of taxes relative to the share of income that they earn. Those who advocate higher taxes on top income earners are, in effect, arguing that top earners should be paying an even more disproportionate amount of taxes. This raises the ques- tion of how much is enough in terms of taxes paid by top income earners."
Well I welcome sarcasm, however I don't understand what people don't seem to understand the filthy rich are only paying 10% in taxes while the struggling middle class are paying triple that . Now even a 5th grader would tell you who ever screwed this math up.
breachmedia.ca
What ever would we do if the trickling stopped? Some of the coupon clippers might have to actually find gainful employment...
