It’s time for a tax revolt in Canada
Source: Toronto Sun
This country badly needs a tax revolt.
According to a report released this week by Vancouver’s Fraser Institute, the average Canadian family earned just over $82,000 in 2016 and paid taxes of just over $35,000.
That means the typical family saw 42.5% of its income gobbled up by one level of government or another.
That’s a higher percentage than families in every other G7 country, except France.
So did the Italians, the Japanese and the Americans.
According to Fraser, the 42.5% we surrender to federal, provincial and municipal governments is more than we pay for food, clothing and shelter – combined! We pay 37.4% for the basic necessities.
And what do we get for all that tax money? Basically two things: very happy public-sector workers and tons of waste.
Fraser looked at every auditor general’s report for the past 25 years and determined that the federal government alone has wasted nearly $200 billion simply by ignoring AGs’ recommendations.
On top of that, half of all taxes paid go to the salaries of public servants, who now earn salaries that are on average 10% higher than those of private-sector workers doing comparable jobs. Plus, they also have much better pensions, job security and benefits, work shorter hours and retire earlier.
Since taxes consume $2 out of every $5 Canadians earn, and since public servants’ wages consume half of all taxes collected, that means $1 out of every $5 a Canadian earns goes just to paying civil servants, teachers, bureaucrats, judges, social workers and other government employees.