Tuesday, July 09, 2024

Top Twenty Percent of Income-Earning Familes Pay Two-Thirds of Income in Taxes

Are these the rich I keep hearing so much about?:

The top 20 percent of income-earning families in Canada pay the lion’s share of the country’s taxes, a new report suggests.

 This shows higher earning Canadians are already shouldering the majority of taxes, despite “common misperceptions” to the contrary, according to the authors of the report, released by the Fraser Institute

 In fact, Canada’s top income-earning families in Canada pay nearly 63 percent of the country’s personal income taxes, the study from the non-partisan think-tank found

 

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