Jake Fuss and Tegan Hill write, "Unfortunately, the Patriotic Millionaires (whose motto is “Tax the rich!”) seem to misunderstand the current distribution of taxes paid by different income groups."
Always trying to grab more taxes! Instead of learning to be honest and spend tax dollars efficiently. But it's hard for a politician to fill his secret bank account with that method. So increase taxing continues for the elite to keep up their skimming business, as we know inflation has to be met.
If I’m not mistaken there’s lots of ill conceived coverage in this journalism. It’s tainted in its philosophy. For one, 46 percent earned by top 20 percent and paying 54 percent. Only group like that. Hmm… you know what’s also try of ONLY this group of top 20 percent earners? Let me share. Loophole knowledge. Hidden Money. And write off profits. Subsidy findings. Grants given. Government cash. I could go on. Their taxes do match their money earned. As so much cash is redirected and not counted. More than all the tax payers below them. They are experts at free and unreported cash that’s distributed in non profit margins in the spread sheet. Clinically proven. So the ore use of the article is flawed. Essentially the whole thing is a lie. Just saying. They actually do need to be taxed more.
There are a number of high income earners who do dodge taxes like Carney himself due to offshore tax havens. However, there are many others like my husband who has been working for over 40 years and paying these high taxes. We made a decision years ago for me to stay home with our kids so he is the single income earner. We've made plenty of sacrifices over the years to be able to do this. My husband will not earn a ridiculously high pension like our MP's (after only 6 years of service)and in fact, can't retire in two years when he is eligible. He is far from being alone.
A big problem is not recognizing family income. If both the husband and wife worked and earned the same amount, they are entitled to more tax savings.
Saying this whole group needs to be taxed more, lumping in those who are earning a living for their families without using tax dodging methods is not the answer.
Respectfully, if you are top 20 percent and are scraping by, blaming taxes is not where the blame should be placed. It’s your lifestyle choices. I suspect. Theres not a single family that cannot do very well and live well enough with the taxes as they are or higher - of the top 20 percent earners. I do get what you are saying. And it is harder for everyone after the last decade if waste and mismanagement federally and provincially. One income as opposed to others with two!?!? Let’s look. But don’t compare yourself to other double income top 20 percent income earners. That’s not fair. Why do that? Compare yourself to the middle class median. It’s not the taxes. It’s your houses and cars. And all the rest. For facts: the top 20 percentile in Canada is 125000 and two income earners at the 50th permeate a shade over 120000 as of 2023 data. They each get taxed fed and provincially as a Canadian average of 20 to 25 percent. And the 80th percentile combined fed and provincially tax rate average is ten percent higher at 30 to 35 percent. So yes. 2 average income earners come out slightly higher than your husband in the top twenty percentile average. But maybe not. Because most of those individuals have job perks and write offs as an average and the 50th percentile rarely have any perks at all or write offs. So Li bet you and your tax system benefits come out ahead. Plus, you e made a great investment in your family and children. Bottom line? It’s always about who we are comparing ourselves too right. I’d suggest your fairly taxed and this article is unpolished in its portrayal. Erroneous.
You are still judging everybody in this tax bracket. You don't know the circumstances of some. As I said, there are those who do what you said here:
"More than all the tax payers below them. They are experts at free and
unreported cash that’s distributed in non profit margins in the spread sheet."
It is harder for everyone and I didn't say that we were scraping by. What I said is that there are some unfair tax laws for law abiding folks who do pay their taxes. Yes there are things like RRSP's and TFSA's and we are at an age where we could take advantage but not at the levels you're talking about. Many of us drive older cars (that were used in the first place) and have 40+ year old homes that were never high priced in the first place. Many of us don't have these job perks and write offs you speak about. We do have the advantage of being older and my husband being in the workforce for 40 years. It was easier to buy a house back when we started but things were totally different.
We budgeted and were careful with the money that we had and there are many who did and are doing the same.
Always trying to grab more taxes! Instead of learning to be honest and spend tax dollars efficiently. But it's hard for a politician to fill his secret bank account with that method. So increase taxing continues for the elite to keep up their skimming business, as we know inflation has to be met.
If I’m not mistaken there’s lots of ill conceived coverage in this journalism. It’s tainted in its philosophy. For one, 46 percent earned by top 20 percent and paying 54 percent. Only group like that. Hmm… you know what’s also try of ONLY this group of top 20 percent earners? Let me share. Loophole knowledge. Hidden Money. And write off profits. Subsidy findings. Grants given. Government cash. I could go on. Their taxes do match their money earned. As so much cash is redirected and not counted. More than all the tax payers below them. They are experts at free and unreported cash that’s distributed in non profit margins in the spread sheet. Clinically proven. So the ore use of the article is flawed. Essentially the whole thing is a lie. Just saying. They actually do need to be taxed more.
There are a number of high income earners who do dodge taxes like Carney himself due to offshore tax havens. However, there are many others like my husband who has been working for over 40 years and paying these high taxes. We made a decision years ago for me to stay home with our kids so he is the single income earner. We've made plenty of sacrifices over the years to be able to do this. My husband will not earn a ridiculously high pension like our MP's (after only 6 years of service)and in fact, can't retire in two years when he is eligible. He is far from being alone.
A big problem is not recognizing family income. If both the husband and wife worked and earned the same amount, they are entitled to more tax savings.
Saying this whole group needs to be taxed more, lumping in those who are earning a living for their families without using tax dodging methods is not the answer.
Respectfully, if you are top 20 percent and are scraping by, blaming taxes is not where the blame should be placed. It’s your lifestyle choices. I suspect. Theres not a single family that cannot do very well and live well enough with the taxes as they are or higher - of the top 20 percent earners. I do get what you are saying. And it is harder for everyone after the last decade if waste and mismanagement federally and provincially. One income as opposed to others with two!?!? Let’s look. But don’t compare yourself to other double income top 20 percent income earners. That’s not fair. Why do that? Compare yourself to the middle class median. It’s not the taxes. It’s your houses and cars. And all the rest. For facts: the top 20 percentile in Canada is 125000 and two income earners at the 50th permeate a shade over 120000 as of 2023 data. They each get taxed fed and provincially as a Canadian average of 20 to 25 percent. And the 80th percentile combined fed and provincially tax rate average is ten percent higher at 30 to 35 percent. So yes. 2 average income earners come out slightly higher than your husband in the top twenty percentile average. But maybe not. Because most of those individuals have job perks and write offs as an average and the 50th percentile rarely have any perks at all or write offs. So Li bet you and your tax system benefits come out ahead. Plus, you e made a great investment in your family and children. Bottom line? It’s always about who we are comparing ourselves too right. I’d suggest your fairly taxed and this article is unpolished in its portrayal. Erroneous.
You are still judging everybody in this tax bracket. You don't know the circumstances of some. As I said, there are those who do what you said here:
"More than all the tax payers below them. They are experts at free and
unreported cash that’s distributed in non profit margins in the spread sheet."
It is harder for everyone and I didn't say that we were scraping by. What I said is that there are some unfair tax laws for law abiding folks who do pay their taxes. Yes there are things like RRSP's and TFSA's and we are at an age where we could take advantage but not at the levels you're talking about. Many of us drive older cars (that were used in the first place) and have 40+ year old homes that were never high priced in the first place. Many of us don't have these job perks and write offs you speak about. We do have the advantage of being older and my husband being in the workforce for 40 years. It was easier to buy a house back when we started but things were totally different.
We budgeted and were careful with the money that we had and there are many who did and are doing the same.
I think we can agree to disagree.