U.S. Senator Elizabeth Warren expects her wealth tax to fetch about $2.75 trillion in 10 years.
top income earners
The top combined tax rate in Ontario is 53.53 per cent, the second highest combined rate in Canada and the United States.
Canada’s top earners pay a disproportionate and growing share of the country’s taxes.
About five years ago, I became acquainted with a retired fellow by the name of Jim Tocher. Then in his eighties, Mr. Tocher was a classic Canadian success story. Born in Golden, B.C., he spent his early years in Yoho National Park where his father worked as a park warden. As a teenager, Jim worked as a park guide, for the Canadian Pacific Railway as a fireman and for Brewster bus lines, ferrying people into the national parks.