The real story here is – 7,670 of Saskatchewan’s 767,000 taxfilers who earned over $175,600. There aren’t enough “rich” people…
Sask.’s Richest Paying More Taxes.
Based on recently released Statistics Canada data, the “one per cent” – or 7,670 of Saskatchewan’s 767,000 taxfilers who earned over $175,600 – earned an average of $349,700 and paid an average of $108,800 in federal and provincial income taxes in 2010.
In other words, the “one per cent” earned 8.6 per cent of the province’s aggregate income, but paid nearly twice that percentage – 16.8 per cent – in provincial and federal income taxes. Putting it another way, the average one percenter earned roughly 10 times what the average 99 percenter did ($350,000 versus $37,600), but paid roughly 20 times the amount of tax ($110,000 versus $5,500).
