Please... this is a thread for the top 5%ers only. If you are not among them please refrain from posting.
In light of the season of giving I would like us to share how we support society in general with our efforts.
I have provided well over $150k in income tax to various programs of wealth re-distribution this year (and most years). I truly hope those who have received it really appreciate it and my efforts to make it happen and do some good with it. Here's to good times!
I pay $350/mo in parking - this is taxed at 35%, so I pay $122.50/mo in parking tax. But since its not tax deductable I have to earn about $210 gross, and pay $88.20 in income tax to pay the $122.50 parking tax. So I pay $210/mo in taxes to be able to drive to work at an hour where there is no public transport so that I may be able to pay that $150K in income tax. I hope that is helping the 95%. I really do.
A Canadian with an annual income of $89,000 qualifies for membership in the exclusive club that includes the top 5 per cent of the nation's earners.
In light of the giving season I would encourage the rest of the 5%ers to post up their contributions to the beauty of the Canadian fabric.
95%ers..please show us the courtesy and appreciation I requested and leave this thread to us....