Re:No One Goes There Anymore
by sandworm101 on Sunday May 17, 2020 @01:40AM
(#23209845)
Don't forget the tax brackets:
2015 top bracket: "over $151,050"
2019 top bracket: "over $205,842"
So anyone anywhere near that bracket, despite the increased percentages, is probably paying less tax overall.
How would they be paying less overall? They just added new brackets.
Top income tax bracket in BC in 2013: 43.7%
Top income tax bracket in BC in 2014 and 2015: 45.8%
Top income tax bracket in BC in 2016 and 2017: 47.7%
Top income tax bracket in BC in 2018 and 2019: 49.8%
Top income tax bracket in BC starting in 2020: 53.5%.
I believe that there have been similar effects in ON from increases & new brackets, on both the federal and provincial level.
[1] https://twitter.com/cperciva/status/1229900065726054400?s=21