Quote:
Originally Posted by Oling_Roachinen
I think you're confused.
In one chart for Canadians it says:
Unattached individuals making $55,499 and up places you in the highest 20%.
Families of two or more making $125,010 and up places you in the highest 20%.
This is the bracket to be in the top 20%. (I.E. At least 80% of people/families earn less than you)
The same chart that has Alberta's top 20% making $290,000 also has the top 20% of all of Canada making $226,792. A huge departure from the other numbers because it's averaging. So the richest 20% would be averaged with billionaires. You could still be in the top 20% making a lot less. That's the only feasible way that the Richest 20% of Calgarians make $363,760 a year.
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This is all a function of Canada's (Also the USA's) broken tax system. Personal corporations allow someone to avoid paying taxes and put aside massive amounts savings, that then generate earnings of their own.
You end up with this wide gap between those able to exploit the tax system and the regular upper middle class employees, who pay the marginal rate of close to 50% taxes.
You're basically lumping in a "consultant" making $400k plus/year and hording that money, most of which is tax free, away with a working middle class family earning just above $200k.