You’re already reducing income of top-decile Canadians from $162,700 to $123,800. Exactly how much more than $38,900 do you plan to make them pay?
Statistics Canada’s annual statistics of income came out this week and, as the National Post’s Andrew Coyne wrote Wednesday, the good news is that in 2017 poverty rates fell. Yet again. It’s a pity that isn’t reported as much as which particular instruments of persuasion Justin Trudeau and his henchpersons did or did not use on Jody Wilson-Raybould in various meetings last fall.
In 2017 the median “economic family and person not in an economic family” received $7,700 in government transfers and paid $6,800 in income tax. As you’re either in or not in an economic family, that covers everybody. Figuratively speaking, StatCan lines everybody up by income, families and not families, and the median is the entity exactly in the middle. In 2017 that entity — we don’t actually know if it’s a person or a family — paid $6,800 in income tax and received $7,700 in benefits.
The really big winners are senior families, who get fully $28,500 in transfers and pay only $4,100 in taxes. Similarly, seniors who aren’t in an economic family get $18,300 in transfers and pay only $600 in income taxes. Speaking of progressive taxation, in a related table released this week, StatCan looks at how income taxes and government transfers impact people in different tenths of the income distribution. Every decile, even the highest, gets a little something from government on average and every decile, even the lowest, pays a little tax. But their net treatment by government differs widely.
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