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this post was submitted on 19 Jul 2024
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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