Tuesday, September 25, 2007

Rich still gettin richer

Rich/poor gap gett'in worse...

"The top five per cent of the tax-filing population accounted for about 21 per cent of total income in 1992; by 2004 it accounted for 25 per cent. The study found little improvement among the rest of the population and it says that while there were more high-income earners who were women in 2004, their share of the pie was depleted."

"About a third of Canada's top .01 per cent earners had an effective tax rate of more than 40 per cent, but some paid as little as 10 per cent and about 100 people who earned at least $2.8 million in 2004 paid no income tax at all that year."

Full stories here and here.

No comments: