Sunday, 11 September 2011
More on top rate taxes
Tom Papworth on Liberal Vision compares taxes levied on high-earners in leading Western nations. He omits Canada, which gets so many things right. This helpful table from the Canada Revenue Agency shows that the headline rate is 29% - but that is for the nation as a whole. Individual provinces levy on top of that, so that people earning more than $150,000 pay percentages ranging from 39 (Alberta) to 50 (Nova Scotia). There does not seem to have been a vast exodus from Nova Scotia to Alberta, which means that a local income tax in this country, and Scotland's using its tax-varying powers, would not be the disasters prophesied in conservative quarters.