05-25-2018, 03:48 PM
(05-25-2018, 03:00 PM)SammyOES Wrote: Edit: NDP are proposing an extra 1% tax increase on people making >220,000 and 2% tax increase on people making >300,000. (Or those general numbers). One big bone to pick I have with the NDP is their messaging around this. I'm actually ok with the tax increase but they always phrase it as "It's time for these people to pay their fair share!", which... feels like a bit much.
Notably those are increases in the marginal tax rates. So at $225K it would be an extra $50, at $300K an extra $800, and at $400K an extra $2800 in tax. That would bring the top combined tax bracket to 55.5%, which is not mentioned nearly as often, as "2%" is a much more attractive soundbite.
I don't think this will really bring in a huge amount of revenue, though.