Top 20% Income-Earning Families Pay Over Half Canada’s Total Taxes: Study

[Epoch-Times-Bot]

Top 20% Income-Earning Families Pay Over Half Canada's Total Taxes: Study

Canada’s top 20 percent of income-earning families pay over half of the country’s total taxes, and over 60 percent of all federal and provincial personal income taxes, according to a Fraser Institute study.
Study authors Jake Fuss and Nathaniel Li also found that Canada’s bottom 20 percent of income-earning families pay less than 1 percent of all federal and provincial personal income taxes and just 2.1 percent of the country’s total taxes.
“There is a common misperception in Canada that top income earners do not pay their share of taxes and that increasing taxes on this income group is an effective way to generate significant additional government revenue,” wrote Fuss and Li. “However, high-income families already pay a disproportionately large share of all Canadian taxes.”...

Source: Top 20% Income-Earning Families Pay Over Half Canada's Total Taxes: Study

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