Economy

Fiendish Thingy

(18,689 posts)

6. Lying with statistics

Thu Oct 27, 2022, 02:30 PM

Oct 2022

That top 20% group wasn’t pulled out of a hat…it was almost certainly selected because it crossed the 50% threshold. In BC, lots of two income professional households cross the $227,000 income mark (remember that’s in Canadian dollars)

Not mentioned is the concentration of wealth within the income groups, such as the total wealth held by the top 5%, 1%, etc. Wealth inequality isn’t as dramatic in Canada as it is in the US, but it’s still there.

The Fraser institute is just looking for a rationale to cut the top tax rates, and raise taxes on the middle class.

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Highlight:

Top 20 per cent pay 61 per cent of Canada's income taxes, 'more than their share': study [View all] OnlinePoker Oct 2022 OP

A Pair Of Questions Arise, Sir The Magistrate Oct 2022 #1

From the report (linked in article) they earn 44.6% of total income. OnlinePoker Oct 2022 #2

+1. The so-called study in the OP is bullshit. Fraser Institute is a Koch-funded RW "think tank" Hiawatha Pete Oct 2022 #5

Rich Canadians are like.... TheRealNorth Oct 2022 #3

That's Canada. James48 Oct 2022 #4

Lying with statistics Fiendish Thingy Oct 2022 #6

So do they believe the bottom 20% have the ability to pay the same amount? Midnight Writer Oct 2022 #7

So much bickering over income tax bucolic_frolic Oct 2022 #8