The 50% tax thing is true, not just for millionaires. My sister has been in the Navy for 25 years and now pays a mere 44% of her income (forget just the tax, workers comp, UI, and all the others). Add on to that the 13% HST and it is over 50%.
She pays to the government, and because she is military she can never draw UI, workers comp and all the lovely things she pays into.
The 50% tax thing is true, not just for millionaires. My sister has been in the Navy for 25 years and now pays a mere 44% of her income (forget just the tax, workers comp, UI, and all the others). Add on to that the 13% HST and it is over 50%.
She pays to the government, and because she is military she can never draw UI, workers comp and all the lovely things she pays into.
That is wage rape.