Many Canadian grandparents are providing financial support to both their children and grandchildren, and a recent poll found that higher living costs are impacting their own finances as well as the support they can provide to younger generations.
If you look at the average tax rate by income it maxes out at 250k to 500k, then the rate halves as you get to $1M and make more money in the .1 and .01%s.
Our tax system systematically fucks over the middle class and I’m incredibly annoyed by it. You’ve got CEOs taking a $1 salary but making all their income as capital gains from stock grants so they pay taxes on 50% of their income.
What people think are the 1% are actually the 0.1%.
If you look at the average tax rate by income it maxes out at 250k to 500k, then the rate halves as you get to $1M and make more money in the .1 and .01%s.
Our tax system systematically fucks over the middle class and I’m incredibly annoyed by it. You’ve got CEOs taking a $1 salary but making all their income as capital gains from stock grants so they pay taxes on 50% of their income.
What people think are the 1% are actually the 0.1%.
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1110005501