Your taxes have risen 1,700% since 1961

The Institute for Marriage and Family Canada, a think-tank founded by Focus on the Family, sponsored a talk on Parliament Hill last week on the importance of income splitting to end the discrimination against single-income families in the tax code. To address the issue, they brought Dr. Jack M. Mintz to Ottawa to address Members of Parliament and other interested guests. Dr. Mintz is the Palmer Professor of Public Policy at the University of Calgary. Among his other credentials has been a stint as President and CEO of the C.D. Howe Institute. You can read some of Dr. Mintz’s thinking here.

Just about any means to lower taxes is a good idea these days. In late April, the Fraser Institute reported that the average Canadian family’s taxes have increased 1,700% since 1961. “In contrast, the average family’s expenditures on shelter increased 1,063%, food by 505% and clothing by 455%.” Canadians’ total tax bill is now larger than what we pay for food, shelter and clothing combined. PoliSci Question #1: “Do we get what we pay for?” In the same report, the Fraser Institute also challenged the Poverty Industry’s myth that the rich don’t pay enough taxes. “In 2007, the top 30% of families earned 60.1% of all income in Canada and paid 65.9% of all taxes. The bottom 30% earned 8.4% of all income and paid 4.8% of all taxes. (You were in the top 30% of income earners if your income exceeded $81,501.) You can read the Institute’s press release here and link to related information from that website.

Public date: June 5th, 2008
Categories: News
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