Canadians Among Least-Taxed People In Developed World

[tay]

A new report that seeks to shine light on the contentious issue of taxation says the idea Canadians are heavily taxed is a myth.

The study from the Broadbent Institute found that tax revenue as a share of the economy is at the low end of global norms. On tax revenue, Canada ranked 25th out of 35 mostly developed OECD countries.


"For the vast majority of Canada’s population, public services are, to put it bluntly, the best deal they are ever going to get. […] Looking at Canadians in median income households, their benefit from public services amounts to $41,000 — equivalent to roughly 63% of their total income. Overall, the average per capita benefit from public services in Canada in 2006 came to $16,952. Approximately 56% of that benefit comes from health care, education and personal transfer payments."9


The Brass Tax - Broadbent Institute

 

[captain morgan]

Hilarious... Kinda like saying that Cdns have the least amount of leprosy in the leper colony

 

[taxslave]

All very fine if you are a net user of government services. Most working people are not.I know I would be money ahead if all my union bennies were paid to me in cash instead of being a taxable benifit. Even LTD is only worthwhile if one gets seriously sick but doesn't die.

 

[Walter]

Sources: Huffpo and Broadbent Institute, too funny.

 

[Danbones]

ummm...source:
The Broadbent Institute is Canada’s leading progressive, independent organization championing change through the promotion of democracy, equality, and sustainability and the training of a new generation of leaders.
Broadbent Institute

We cannot allow Trump-style, self-serving politicians to run for the highest office in our country without a fight. We’ve got to stand up and say NO to the xenophobic and divisive politics of fear.
https://broadbent.nationbuilder.com/friends_of_progress

While I don't think the graph is problematic, MF might like the overall site.

 

[JamesBondo]

"Tax revenue as a percentage of the economy"

I disagree in this choice of metric because an export country could be ranked very low even if the average income tax bracket was the highest in the world.

Imo, the starting point should be "taxes paid as a percentage of net income". Im sure they would want to adjust for quality of services, at atleast their starting point would be more relevant.

 

[Tecumsehsbones]

"Tax revenue as a percentage of the economy"

I disagree in this choice of metric because an export country could be ranked very low even if the average income tax bracket was the highest in the world.

Imo, the starting point should be "taxes paid as a percentage of net income". Im sure they would want to adjust for quality of services, at atleast their starting point would be more relevant.

Don't you mean "gross income?" Aside from that, I agree.

 

[Jinentonix]

"Tax revenue as a percentage of the economy"

I disagree in this choice of metric because an export country could be ranked very low even if the average income tax bracket was the highest in the world.

Imo, the starting point should be "taxes paid as a percentage of net income". Im sure they would want to adjust for quality of services, at atleast their starting point would be more relevant.

Well, I know in Denmark after you've paid out the mandatory taxes and before the 25% VAT, you basically get to keep 40% of your gross income. They also have a "wealth tax" that taxes income above a certain threshold at 90%. So don't bother busting your balls to improve your lot in life in Denmark, the govt will just take it from you.

Norway and Sweden also have similar tax structures but with varying differences in rates.

I do love one of Finland's methods of earning revenues though. If you receive a fine, the amount is based on your ability to pay, ie; income. For example, the largest speeding fine ever handed out was in Finland at $715,000 USD.

 

[Tecumsehsbones]

Well, I know in Denmark after you've paid out the mandatory taxes and before the 25% VAT, you basically get to keep 40% of your gross income. They also have a "wealth tax" that taxes income above a certain threshold at 90%. So don't bother busting your balls to improve your lot in life in Denmark, the govt will just take it from you.

Or perhaps they see other ways to "improve your lot in life" than making more money.

Norway and Sweden also have similar tax structures but with varying differences in rates.

The U.S. had a top marginal tax rate of 93% during what conservatives usually regard as "the good old days."

I do love one of Finland's methods of earning revenues though. If you receive a fine, the amount is based on your ability to pay, ie; income. For example, the largest speeding fine ever handed out was in Finland at $715,000 USD.

Socialist.

 

[Jinentonix]

The U.S. had a top marginal tax rate of 93% during what conservatives usually regard as "the good old days."

Yeah, and how much of that was handed back via corporate welfare? And we're not talking about corporate rates anyway, those numbers from Denmark are for the individual.

 

[JamesBondo]

Don't you mean "gross income?" Aside from that, I agree.

Yes thank you

 

[Tecumsehsbones]

Yeah, and how much of that was handed back via corporate welfare? And we're not talking about corporate rates anyway, those numbers from Denmark are for the individual.

Umm. . . I'm talking about individual Federal income tax.

 

[captain morgan]

Well, I know in Denmark after you've paid out the mandatory taxes and before the 25% VAT, you basically get to keep 40% of your gross income. They also have a "wealth tax" that taxes income above a certain threshold at 90%. So don't bother busting your balls to improve your lot in life in Denmark, the govt will just take it from you.

Norway and Sweden also have similar tax structures but with varying differences in rates.

There's a reason why you don't see large corps (and a large employee base) based out of those nations

I do love one of Finland's methods of earning revenues though. If you receive a fine, the amount is based on your ability to pay, ie; income. For example, the largest speeding fine ever handed out was in Finland at $715,000 USD.

I heard that on the radio.

... chalk-up another victory for all people are equal

 

[Tecumsehsbones]

There's a reason why you don't see large corps (and a large employee base) based out of those nations



I heard that on the radio.

... chalk-up another victory for all people are equal

No, not at all. Breaking a poor man and taking a rich man's pocket change for the exact same infraction is equal.

 

[TenPenny]

There's a reason why you don't see large corps (and a large employee base) based out of those nations

You don't see large corps based out of those nations?

 

[Tecumsehsbones]

You don't see large corps based out of those nations?

Nope. Not a single one.

https://en.wikipedia.org/wiki/List_of_largest_Nordic_companies

 

[mentalfloss]

This is why people don't need to be afraid of a carbon tax.

We're set for life.

 

[captain morgan]

No, not at all. Breaking a poor man and taking a rich man's pocket change for the exact same infraction is equal.

I stand corrected, in Canada, all people that exist below the poverty line or have only $38.16 disposable income at any given time are required, by law, to have a car.

You don't see large corps based out of those nations?

Based as in HQ

Nope. Not a single one.

https://en.wikipedia.org/wiki/List_of_largest_Nordic_companies

Reading comprehension isn't your strong suit.

Oh well, just for sh*ts and giggles, here's an interesting analogy

https://en.wikipedia.org/wiki/List_of_companies_of_Iceland

Guess that they are the new Mecca for global HQ's for the biggest of the big

 

[Tecumsehsbones]

I stand corrected

Well, sit down. No reason to be uncomfortable while you're being corrected.

in Canada, all people that exist below the poverty line or have only $38.16 disposable income at any given time are required, by law, to have a car.

Well that seems like a silly rule, but then I remind myself that it is, after all, Canada.

Reading comprehension isn't your strong suit.]

You're right. I got through law school on finger-puppet presentations.

 

[captain morgan]

You're right. I got through law school on finger-puppet presentations.

Sweet.... I missed having that one in my bag 'o tricks