The very good true blue patriotic Canadian Fraser Institute, which fights for “a free and prosperous world where individuals benefit from greater choice, competitive markets, and personal responsibility” and whose mission is “to measure, study, and communicate the impact of competitive markets and government interventions on the welfare of individuals”, has concluded its latest study, this one called “The Canadian Consumer Tax Index: 2007”.
Naturally, as we know, liberals are against that.
Therefore, the liberals’ media buries it if it covers it at all, and yanks out their media guidebooks to look up the adjective that it dictates must be affixed to the name “Fraser Institute” in most of its “news” stories concerning the Institute. So commonly, you’ll find “Fraser Institute” prefaced with verbiage like “the right-wing…”, or “the clearly conservative…”, or “the far-right…”, or “the right-leaning….” or “this ain’t liberal, so read it with a hayuge grain of salt…”.
Ignore the verbiage attached to the name, for they are written by liberals with an agenda which conflicts with “a free and prosperous world where individuals benefit from greater choice, competitive markets, and personal responsibility”.
Read the whole report here, but here’s their main conclusions, taken right from the document.
Main Conclusions
• The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2006
• The total tax bill for the average Canadian family, including all types of taxes, has increased by 1,590 percent since 1961
• In 1961, the average family had an income of $5,000 and paid a total tax bill of $1,675 (33.5 percent). In 2006, the average Canadian family earned an income of $63,001 and paid total taxes equalling $28,311 (44.9 percent)
• Taxes have grown much more rapidly than any other single expenditure for the average Canadian family. In contrast to the jump in taxes, expenditures on shelter increased by 1,019 percent, food by 487 percent, and clothing by 447 percent from 1961 to 2006
• The average Canadian family now spends more of its income on taxes than it does on the basic necessities such as food, shelter, and clothing. In 1961 the average family had to use 56.5 percent of its income on basic necessities (food, shelter and clothing), while only 33.5 percent of the family’s income went to taxes. In 2006, the proportion of income consumed by taxes had increased (44.9 percent), while the fraction of income spent on shelter, food, and clothing (35.6 percent) had dropped dramatically.
PTBC was founded by Mr. Johannesen in 2000.
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