Taxes this year will gobble up 46.1% of an average family\u0027s annual income of $140,106, according to the Fraser Institute.
“So, this is the impact of all the new taxes that the Trudeau government is imposing,” said Goldberg. “They hiked the carbon tax in April. They increased alcohol taxes in April. They’re imposing a second carbon tax in July that’ll mean next year’s Tax Freedom Day is even later than this year.“The idea that Tax Freedom Day now is into the third week of June, that’s just terrible news for taxpayers,” he added.
That amounts to 46.1% of an average family’s annual income — $140,106 — going to income taxes, payroll taxes, health taxes, sales taxes, property taxes, fuel taxes, carbon taxes, “sin” taxes and more.Article content “Particularly when compared to the United States. We did a study a few years ago where we looked at personal income tax rates at $50,000, at $75,000, at $150,000, at $300,000. What we found across the board was that Canada American jurisdictions. It was a very similar story, too, when we’re comparing ourselves to European or Asian countries for instance; there was also this across the board.
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