COLD PRESS
- Gwen Beauregard
- Montreal, Quebec, Canada
- i wrote some books and gave away library. i like to think that every poem is a love poem. i believe that "No" is a full sentence. i used to collect old books and young cats. i don't like noisy people, places or things. my three favourite words: yes, please, thank you. my favourite punctuation mark is the colon: i have a beautiful cat, a bicycle, an old typewriter, and a ladle. these things make me happy.
Sunday, October 30, 2011
Here: check this out. ::: 25-Oct-2011
MACLEAN'S MAGAZINE SURVEY
Categories: Econowatch
Rank your income: Where do you stand compared to the rest of Canada?
Calculator Answer: "Your income is in the bottom 28%." :::
Have you lost your minds, MacLeans? You think I'd tell you?
Your Stats are skewered. :::
by Erica Alini on Tuesday, October 25, 2011 12:59pm -
The Occupy Wall Street movement and its various Canadian spinoffs
are reviving the public debate about income distribution north of
the border. On Friday, NDP leadership hopeful Brian Topp cast his
lot with the “eat the rich” zeitgeist by advocating income tax hikes
on the wealthy. Others are skeptical that heating up the fiscal
pressure on the top earners is the most effective way to tackle
yawning inequality.
Regardless of what constitutes the best policy cure, Occupy movements
across the globe–and they’ve spread throughout the developed world–have
put their finger on a real and widespread malaise of advanced economies.
Between the mid-1980s and the mid-2000s inequality rose in most of the
rich countries that make up the Organization for Economic Cooperation
and Development, and in Canada income disparities have surpassed the
OECD average.
Granted, our super-rich are not quite as “super” as America’s wealthiest.
In 2007, the threshold to qualify as one of Canada’s top one per cent of
earners was a relatively modest $169,000 a year, compared to the U.S.’s
eye-popping $400,000.
Still, between 1980 and 2005 the earnings of Canada’s bottom income group
fell by 20.6 per cent, according to Statistics Canada, whereas top incomes
rose by 16.4 per cent.
Folks in between generally saw their salaries stagnate like their peers in
the U.S., where increased worker productivity has not translated into
comparable income gains for the middle class.
Whether it’s a matter of taxing the top, or propping up the bottom and the
middle, income distribution is likely to become a hot-button issue.
------------------------------------------------------------------------
*Calculations are based on data from the Canada Revenue Agency’s Interim
Income Statistics report, 2011 Edition (2009 tax year), Table 2 (All returns
by total income class).
Note that percentiles refer to income brackets, so an income of $29,999 falls
into the bottom 51.9 per cent of Canadian tax-filers, whereas an income of
$30,000 belongs to the top 48.1 per cent.
Also, incomes below $1 and above $249,999 are not pictured proportionally.
We’d like to also thank the Conference Board of Canada and Armine Yalnizyan
of the Canadian Centre for Policy Alternatives for their assistance with
research for the calculator. :::
Just don't ask me for a loan, eh? :::
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