Average Canadian family spends more on taxes than life's necessities
Monday, April 16, 2007 - Canadian Press
VANCOUVER
Taxes are taking a bigger chunk out of the average Canadian family income than food, clothing and housing combined, a new survey suggests.
The Fraser Institute says the Canadian Consumer Tax Index is up significantly in the past 45 years.
The average Canadian family earned $63,000 in 2006, with nearly 45 per cent of that going to taxes.
Just over 35 per cent was spent on food, clothing and housing.
In 1961, the institute says just 33.5 per cent of income went to taxes.
The tax index includes direct taxation, such as income taxes, sales taxes, Employment Insurance and Canadian Pension Plan contributions, as well as hidden taxes, such as import duties, gas taxes and excise taxes on tobacco and alcohol.
You can read the full report here.
Labels:
Canada,
finances,
Fraser Institute,
taxes
2 comments:
You know, it's not the percentage of my income that is going to taxes that really bothers me.
It's how my taxes are spent that drives me crazy.
Yup, I agree. Dennis Miller, whose new radio program can be found on my blog page, said that he doesn't mind the government taking 50%, but not a penny more. Here in Canada, I'd be most curious what percentage all of the taxes come to - federal, provincial, and municipal. And sooooooo much of it is wasted!
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