On Soaking the Rich · The government of BC, the Canadian province where I live, just released a new budget which, among other things, raises tax on high incomes. Here is an overview. The top marginal tax on incomes over C$220,000 goes from 16.8% to 20.5%. This is just provincial tax; what with the Feds, the total top marginal rate is now 53%. Not everyone is delighted. For example Garth Turner, finance/real-estate blogger, who emits a howl of right-wing grief. I’m comfortable speaking about this since I’m personally affected ... [5 comments]
