Study: 1% do pay their share
A new study from the Fraser Institute, based on data from Statistics Canada, shows that the people at the top in Canada are already paying more than their fair share of taxes.
The top 10% of income earners in Canada, which includes anyone earning more than $96,000 a year, take in 34.2% of the country's total income but paid 54.6% of the country's total tax bill.
Paying a 20% differential would suggest that they are contributing their fair share and then some.
Still, politicians want to vilify those at the top and demand they pay more.
In the 2015 election and since, Trudeau has said, time and again, the wealthy need to pay their fair share. He upped taxes on high-income earners in 2016, but failed to bring in the billions promised.
After this most recent election, Trudeau told Finance Minister Bill Morneau to focus on tax breaks when he issued Morneau his mandate letter.
"Undertake a review of tax expenditures to ensure that wealthy Canadians do not benefit from unfair tax breaks," Trudeau's letter reads.
"On the contrary, the effective tax rate rises as income rises within the top decile, with the top 1% paying nearly half their income to taxes," the report states.
Strange as it may sound to many, taxing those at the top can actually hurt the incomes of those on the lower rungs of the economic ladder. Taking more and more from those at the top means they have less money to invest in their businesses, less money to hire people or less money to offer higher wages.
That means lower incomes for you and I.
The politics of greed and envy may sound good, but it doesn't lead to positive economic outcomes.
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle," Sir Winston Churchill famously said.
It's time we got this lesson right.
https://torontosun.com/opinion/columnists/lilley-taxing-the-rich-doesnt-work-study-shows
Class warfare rhetoric makes a a good tweet, but it has no basis in reality. Top earners pay for the nation's services. They don't necessarily use more services, but they are charged more for them. Trudeau told us that raising taxes on individuals making over $200,000 would pay for his expanded child care credits. That never happened. Instead it lead to massive deficits with no plan to return to fiscal sanity.
I've never understood the politics of envy in North America...it doesn't accomplish anything..
I completely understand it in the developing world.
My old lady and I are in the top income bracket. Justine raised our marginal rate and took away some tax credits we used. And all Canadians have to show for gouging us is about $100 billion in new debt.
Quote from: "Herman"
People who can least afford it, always end up paying the price for misguided class warfare policies.
Now that I am earning the highest money I have ever earned in my life, I am seeing on each check how much tax I pay. Israel's highest tax rate is higher than Canada's, but we don't have provinces with a second income tax.
Quote from: "Gaon"
Three different levels of government and three hands picking your pocket.
What do the people here consider the top total tax rate should be? That means not just federal income taxes, but provincial income tax, sales taxes, carbon taxes and anything else I may have missed. I think anything more than 33.3% is excessive. How about you?
Quote from: "Velvet"
Just income taxes, max combined provincial and federal rate of twenty per cent. A nice round number. In Ontario, the top marginal federal/provincial rate is over fifty per cent. With excise taxes, sin taxes, payroll taxes, property taxes, sales taxes, carbon taxes, Canadians pay more for taxes than they do for food, shelter, and clothing combined. That is confiscation, not taxation.
Quote from: "Velvet"
That sounds like a fair number..
Taiwan has all the services that Canada provides, but much lower taxes.
Quote from: "Fashionista"
Quote from: "Velvet"
That sounds like a fair number..
Taiwan has all the services that Canada provides, but much lower taxes.
Taiwan and Korea can offer better service for less money because they don't have duplication of services between federal and provincial governments. Their administrative costs are lower too.
I notice left-wingers are quite fking dumb when it comes to dealing with finance, instead of being more useful, they really believe raising wages and taxes to achieve the level of comfort wages will really help solve the society's problem.
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Duplication of services between governments and high administrative costs makes it hard for Canada to deliver the same value for money as other OECD nations.
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
Quote from: "Zetsu"
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
He was born with a silver foot in his mouth. He does not understand you and I and does not respect us either.
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
He was born with a silver foot in his mouth. He does not understand you and I and does not respect us either.
Sadly I have to agree with you brother.
He's nothing but the just remains of an abomination, all of us and Justine are just simply different levels of people.
Herman and Zetsu are right, our pm looks down on Canadians, especially if we have the nerve to disagree with our emperor.
Quote from: "Zetsu"
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
Precisely. That is a slap on the face to Canadians,
Quote from: "seoulbro"
Quote from: "Zetsu"
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
Precisely. That is a slap on the face to Canadians,
Couldn't be any more true, the biggest problem is the government is a monopoly and has a gun pointed at everyone's head..
Quote from: "Zetsu"
Quote from: "seoulbro"
Quote from: "Zetsu"
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
Precisely. That is a slap on the face to Canadians,
Couldn't be any more true, the biggest problem is the government is a monopoly and points a gun at everyone's head. ac_unsure
Canadians don't protest when taxes are increased or new taxes are imposed..
Here in Taiwan, many years ago, the former KMT government backed down from a premium increase in the National Health Insurance because the public was outraged..
The Trudeau government brought in a tax that raises the prices of everything and goes up every year and Canadians reelected them.
:crazy:
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "seoulbro"
Quote from: "Zetsu"
Quote from: "Herman"
Quote from: "Zetsu"
Quote from: "Fashionista"
Quote from: "Zetsu"
Quote from: "Shen Li"
Quote from: "Zetsu"
"For a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."- Winston S. Churchill.
Yup, that's the way I see it too, the main problem is letting most left-wing politicians and their supporters handling finance is like letting kids play with fire, I can tolerate losing a house, but losing a fortune or destroying the country's economy is something we can not afford.
I'm on holidays in Taiwan Zetsu..
I look at the infrastructure and the services Taiwan provides and what Canada provides..
Taiwan offers equal or better services than Canada, but the tax burden is lower..
Hmmm, something is not right in Canada.
Only if there's a way to get the liberals to stop spending on so many unnecessary services and special interest groups.
Everybody that cries in Canada gets a cheque from Justine. Triple it if you are muslim.
I think the problem is the way he markets himself. I might not make a lot of money or pay much taxes, but the way he doesn't think twice nor consider others when spending ppl's money annoys me the most.
Precisely. That is a slap on the face to Canadians,
Couldn't be any more true, the biggest problem is the government is a monopoly and points a gun at everyone's head. ac_unsure
Canadians don't protest when taxes are increased or new taxes are imposed..
Here in Taiwan, many years ago, the former KMT government backed down from a premium increase in the National Health Insurance because the public was outraged..
The Trudeau government brought in a tax that raises the prices of everything and goes up every year and Canadians reelected them.
:crazy:
That blows my frickin mind. Justine ran on tax hikes and won. Canadians are more gullible than Chinese. They believe what their political masters tell them.
Trudeau cancelled some of the tax credits of the Harper era that made life more affordable for average Canadians. He did that claiming they were giveaways to the wealthy. He rammed a carbon tax through by labelling those of who call it a cash grab, deniers. He successfully silences dissent.
There is nothing fair about families paying more in taxes than food, clothing and housing. Canadians are overcharged by the three levela of government, plain and simple.
Quote from: "Shen Li"
We certainly are.