Northern Light
Superstar
@DSC I already pay more than 40% of my net income to municipal, provincial and federal taxes. If I was a farmer and the overseer in one annual go seized more than a third of my crop as tribute I suppose I’d notice it more the thousand cuts of taxes and levies Canadians pay.
Canadians pay 42% of income in tax — more than they spend on food, shelter, clothing combined
Since 1961, the average family’s tax bill has rose by 1,832%, dwarfing increases in the costs of housing, clothing and food, according to a Fraser Institute reportnationalpost.com
How much more do I have to pay before I can live in a city that’s not so shabby?
To which country would you like us to compare?
Give or take, the would-be tax freedom day in Canada is around day 160 of the year. (43% of income goes to tax)
So, perhaps you would prefer Germany at 174 days
Italy at 185
or
Finland at 190
or Belgium at 206
?
How about France at 209
*****
There are 2 fundamental ways to generate revenue for priorities.
One is to generate more revenue, the other is to re-prioritize.
If we cut spending on corporate welfare and imprisoned people a whole lot less.......
We could easily free up about 20B per year on a national scale (likely more)
In Toronto-centric terms (per capita) that would about 1.5B per year.
Of course, if you invested in universal pharmacare that's roughly the money spent.
So we're back to raising a bit more tax if you'd like that and a nicer streetscape....