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January 30, 2008
The Case For Raising Taxes On Canada's Rich
The Canadian Centre for Policy Alternatives haspublished Why Charity Isn't Enough: The Case For Raising Taxes On Canada's Rich. From the press release:
Canada should raise federal personal income tax rates on the rich to close the growing income gap and to bring them more in line with those in the U.S., says a study released today by the Alternative Federal Budget project of the Canadian Centre for Policy Alternatives. The study, by economist Andrew Jackson, points out that Canada's top federal tax rate is considerably lower than the U.S.: The top U.S. tax rate is 35% on incomes over $326,000 and 33% on incomes over $150,000; Canada's top federal income tax rate is 29% on incomes of over $116,000.
January 30, 2008 in Think Tank Reports | Permalink
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