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Everyone in the Toronto analysis ignores dual incomes. Yeah, the median income isn't that great. But for those who are in couples? Working backwords from after
by MattGaiser 5y ago
Everyone in the Toronto analysis ignores dual incomes. Yeah, the median income isn't that great. But for those who are in couples? Working backwords from after tax income, it is about 120K-140K a year median.
https://www.reddit.com/r/PersonalFinanceCanada/comments/mbf4z3/how_much_money_did_canadians_earn_in_2019_combien/ https://www.reddit.com/r/PersonalFinanceCanada/comments/mbf4...
- pmoriarty 5y agoWhen I've seen measures of median income it's usually median family income.
- gruez 5y ago>Working backwords from after tax income, it is about 120K-140K a year median. But your source says that the median family (aka household, so it factors in both earners) income for non-seniors is only $93k, and with kids it's only $105k? Where are you getting $120k-140k from? Households where both earners are high income professionals?
- swashboon 5y agoyep
- MattGaiser 5y agoThat is the after tax income. I am converting it to the gross income that people usually use for comparing salaries.
- gruez 5y agoAh okay my bad, I missed the part about "Working backwords from after tax income".