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GGG · 09-22-2021, 08:50 PM

So then how does the math work out in Canada presuming you had zero side affects at what % your you tax the high income earners? Their 60 billion in income is already taxed at 47% marginal rate.

75% would net us another 15 billion per year. As an alternative we could tax 20 million tax payers $700 per year more to raise and equal amount of money.

https://www.oecd.org/tax/revenue-statistics-canada.pdf

But the real problem is taxation as a % of GDP. Sweden collects significantly more tax dollars over all

https://taxfoundation.org/bernie-san...untries-taxes/

So if you look at the above link the top tax rates in the Nordic countries start at 1.3 -1.6 times average incomes so somewhere above 75-80k the marginal rate would be 53%.

Taxing people in the 25% not the .1% is the issue.

09-22-2021, 08:50 PM	#145
GGG Franchise Player Join Date: Aug 2008 Location: California Exp:	So then how does the math work out in Canada presuming you had zero side affects at what % your you tax the high income earners? Their 60 billion in income is already taxed at 47% marginal rate. 75% would net us another 15 billion per year. As an alternative we could tax 20 million tax payers $700 per year more to raise and equal amount of money. https://www.oecd.org/tax/revenue-statistics-canada.pdf But the real problem is taxation as a % of GDP. Sweden collects significantly more tax dollars over all https://taxfoundation.org/bernie-san...untries-taxes/ So if you look at the above link the top tax rates in the Nordic countries start at 1.3 -1.6 times average incomes so somewhere above 75-80k the marginal rate would be 53%. Taxing people in the 25% not the .1% is the issue. Last edited by GGG; 09-22-2021 at 08:52 PM.