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This exactly. In a 52% tax bracket in Canada. Factor in sales tax. That's a 65% tax on new income. No point in getting a raise. Particularly, because the emplo
by waterlaw 5y ago
This exactly. In a 52% tax bracket in Canada. Factor in sales tax. That's a 65% tax on new income. No point in getting a raise.
Particularly, because the employer is going to expect >$100k in value from the employee to make up for the raise and the employee barely receives half.
The middle class is being destroyed through taxes and inflation, while wealthy asset holders see their assets outpace inflation while taxed at much lower rates.
- azth 5y agoAnd some people still think it's a good idea to raise taxes. Quite baffling really.