Our biggest expense? Taxes
The average Canadian household paid more in taxes last year than it spent on housing, food and clothing combined, according to a study from the Fraser Institute. The public policy think tank found the average family earned $88,865, of which $39,299 — or 44.2% — went to taxes. Some $32,214 (36.3%) was spent on basic necessities. The study compared 2018’s figures with those of 1961, when the average Canadian family spent 33.5% of its income on taxes, and 56.5% went to basic necessities.
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Why do these "studies" use averages.? Those calculations hid a lot of truths.? For example, what are the ratios in various segments of society??? There is a large segment of society who pay no Federal or Provincial income taxes at all. What impact does that have on the usefulness of the data?? Shouldn't the be excluded from the calculations if we are looking at useful data? Are these tax calculations based on incomes net of government payments to citizens for EI, CPP, and other entitlements? Will someone with expertise peer review the methodology and assumptions to see if there is anything useful in this work.? Or is it just skewed ideological propaganda??