3 ms·
I don’t think it’s just that it has risen over 50%, the increases over the last ~6 years are quite rapid. Consider BC [1]: Top income tax bracket in BC in 2013
by amscanne 6y ago
I don’t think it’s just that it has risen over 50%, the increases over the last ~6 years are quite rapid. Consider BC [1]:
Top income tax bracket in BC in 2013: 43.7%
Top income tax bracket in BC in 2014 and 2015: 45.8%
Top income tax bracket in BC in 2016 and 2017: 47.7%
Top income tax bracket in BC in 2018 and 2019: 49.8%
Top income tax bracket in BC starting in 2020: 53.5%.
I believe that there have been similar effects in ON from increases & new brackets, on both the federal and provincial level.
[1] https://twitter.com/cperciva/status/1229900065726054400?s=21 https://twitter.com/cperciva/status/1229900065726054400?s=21
- deleted 6y ago[deleted]
- sandworm101 6y agoDon't forget the tax brackets: 2015 top bracket: "over $151,050" 2019 top bracket: "over $205,842" So anyone anywhere near that bracket, despite the increased percentages, is probably paying less tax overall.
- drpgq 6y agoHow would they be paying less overall? They just added new brackets.
- drpgq 6y agoThe rapidity is similar in Ontario. I think that's why the public still thinks that the top rates are around the 2013 values and say we need to raise the top rates higher.