Do the “Rich” Pay Their Fair Share of Taxes?
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Do the “rich” pay their fair share of taxes? This question often comes up in the media and in public and private conversations, in Quebec and elsewhere. Anecdotal evidence may give the impression that it is a simple matter for someone of means to hire a tax accountant and relieve himself of a good part of the tax burden shouldered by the ordinary citizen. To verify if this is true, we asked for the help of an expert to calculate the taxes and contributions paid by different Quebec taxpayers according to their incomes.
Links of interest
Appendix: Scenario 1 ($50,000) | Scenario 2 ($275,000) | Scenario 3 ($1,000,000) (in French only)
Media Release: The “rich” pay more than their share of taxes, according to a Montreal Economic Institute study