Top 5 This Week

“PROUD?” —PROJECT SUSPENDED

Proud To Be Canadian? Maybe Not.

Say something.

Keep going, or veer right

spot_img

Related Posts

Total Tax Bill for the Average Canadian Family has Increased 1,600 Percent Since 1961

image…So says the good right-thinking Fraser Institute which seeks to help keep Canada the lean, honest, free-market country that it started out as and was before leftist politicians got their mitts on it; and which works in juxtaposition to, for example, Jack Layton’s you’ve got to be kidding party and many within the other liberal-left party which together yearn to turn Canada into a big government nanny-state and a Cuba-like Godless socialist Mecca but with lousier weather and hockey.

They’ve released their latest book about this subject, called Tax Facts 14.  It’s available for download (132-page PDF file) or a $30 purchase (they raise funds through book sales). 

Vancouver, BC – The total tax bill of the average Canadian family has increased by 1,600 percent since 1961, according to a new book, Tax Facts 14, released today by The Fraser Institute. That translated into an additional $26,792 in taxes for the average Canadian family.

Canadians’ total tax bill now accounts for more of the family budget than shelter, food, and clothing combined. In contrast to the jump in taxes, expenditures on shelter increased by 1,006 percent, food by 481 percent and clothing by 439 percent over the same period.

[…] Tax Facts 14 includes an update to the Canadian Consumer Tax Index (CCTI), which tracks the tax bill of the average Canadian family from 1961 (see figure 1). Back then, the average family had an income of $5,000 and paid a tax bill of $1,675 (33.5 percent). In 2005, the average Canadian family earned an income of $60,903 and paid total taxes equaling $28,467 (46.7 percent).

Many Canadians know that income taxes are the single largest tax they pay. Yet many don’t realize that income tax represents less than half of their total tax bill. Other taxes, including contributions to the Canada Pension Plan, Employment Insurance (EI) premiums, property taxes, sales and excise taxes, and motor vehicle fees, all take a bite out of Canadians’ incomes.

[…] In 2005, the top 30 percent of families earned 60.3 percent of all income in Canada and paid 66.3 percent of all taxes. The bottom 30 percent earned 7.8 percent of all income and paid 4.3 percent of all taxes. In other words, high-income earners pay more in taxes than their relative share of income would predict.

Vote liberal.

Oh yes and death to America.

Joel Johannesen
Follow Joel
Latest posts by Joel Johannesen (see all)

Popular Articles