Tax reductions increase the expected net income from entrepreneurial innovation.
marginal tax rate
The province's top combined personal income tax rate is 53.5 per cent, the third-highest rate among all provinces and U.S. states.
On average, the METR for modest-income families is 46 per cent compared to 43 per cent for the highest-income families.
Since its inception, the U.S. federal minimum wage has never been reduced.
Making various benefits tax-free gives an advantage to rich people, too.
Low-income individuals and families facing high METRs would benefit from lower claw-back rates.
Ontario increased its top rate to 20.53 per cent.