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Taxation and the middle class
#7
(01-23-2020, 03:47 PM)tomh009 Wrote:
  • Median taxpayer (all taxpayers): $35,100 income, 7.7% average tax rate
  • Median taxpayer (in top half): $79,500 income, 11.7% average tax rate

  • Top 50% of taxpayers: $79,500 average income, 20.0% average tax rate
  • Top 10% of taxpayers: $165,300 average income, 27.2% average tax rate
  • Top 1% of taxpayers: $477,700 average income, 36.7% average tax rate
  • Top 0.1% of taxpayers: $1,624,600 average income, 40.5% average tax rate
Non-progressive taxes (such as HST) adjust the picture somewhat but the reality is that in Canada the total taxation still remains progressive.

And, personally, I don't think our income tax rates are too high ...

Strongly agreed. I would say my average tax rate but that would disclose my income with this chart here. I will say that I think that my average tax rate is more than reasonable and it's certainly higher than the 20% and less than the 40% numbers.

People also always misunderstand marginal tax rates. It's like we don't teach people in school what a marginal tax rate means.
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Messages In This Thread
Taxation and the middle class - by Momo26 - 01-09-2020, 10:12 AM
RE: Taxation and the middle class - by nms - 02-04-2020, 12:16 AM
RE: Taxation and the middle class - by embe - 02-04-2020, 02:07 PM
RE: Taxation and the middle class - by ijmorlan - 02-04-2020, 04:26 PM
RE: Taxation and the middle class - by Bytor - 12-03-2020, 11:57 AM
RE: Taxation and the middle class - by ijmorlan - 12-03-2020, 12:56 PM
RE: Taxation and the middle class - by jeffster - 01-09-2021, 11:33 PM
RE: Taxation and the middle class - by plam - 12-03-2020, 06:50 PM
RE: Taxation and the middle class - by tomh009 - 12-03-2020, 07:59 PM
RE: Taxation and the middle class - by neonjoe - 12-04-2020, 08:56 AM
RE: Taxation and the middle class - by Momo26 - 10-23-2022, 08:19 PM
RE: Taxation and the middle class - by nms - 10-23-2022, 09:05 PM
RE: Taxation and the middle class - by ac3r - 12-12-2023, 09:41 PM
RE: Taxation and the middle class - by tomh009 - 12-13-2023, 05:56 PM
RE: Taxation and the middle class - by ac3r - 12-13-2023, 07:19 PM
RE: Taxation and the middle class - by ijmorlan - 12-13-2023, 09:22 PM
RE: Taxation and the middle class - by ac3r - 12-13-2023, 09:39 PM
RE: Taxation and the middle class - by SF22 - 12-14-2023, 12:26 PM
RE: Taxation and the middle class - by nms - 12-12-2023, 10:10 PM
RE: Taxation and the middle class - by bravado - 12-12-2023, 10:24 PM
RE: Taxation and the middle class - by bravado - 12-13-2023, 06:53 PM
RE: Taxation and the middle class - by tomh009 - 12-14-2023, 05:55 PM
RE: Taxation and the middle class - by dtkvictim - 12-13-2023, 09:37 PM
RE: Taxation and the middle class - by ac3r - 05-04-2024, 07:29 AM
RE: Taxation and the middle class - by bravado - 05-04-2024, 08:17 AM
RE: Taxation and the middle class - by ac3r - 05-04-2024, 07:24 PM
RE: Taxation and the middle class - by dtkvictim - 05-05-2024, 01:33 AM
RE: Taxation and the middle class - by ac3r - 05-07-2024, 02:50 PM
RE: Taxation and the middle class - by tomh009 - 05-07-2024, 03:31 PM
RE: Taxation and the middle class - by KevinL - 05-04-2024, 10:01 PM
RE: Taxation and the middle class - by ijmorlan - 05-04-2024, 10:32 PM
RE: Taxation and the middle class - by Acitta - 05-04-2024, 10:39 PM
RE: American Block Redevelopment | 3 fl | U/C - by plam - 01-23-2020, 09:25 PM

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