Quote:
Originally Posted by bizaro86
This seems to be the main argument against income splitting. My related question is what effective tax rate is appropriate for people below the median income? Because if every change ever made is to make the system more progressive, eventually you have a small amount of wealthy people paying all the taxes, which I'd suggest is highly unsustainable.
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Median income in Alberta in 2012: $94,460
Effective rate on $94,460 in Alberta: 28.9% ($27,300.49)
That assumes 10% provincial tax; it will go up once the graduated AB rate kicks in.