Canada column for Sunday, April 29/12
THE CANADIAN REPORT
(c) By Jim Fox
Canadian families earning an “average income” spend more each year on taxes than on the basic necessities of life, a public policy report says.
The Fraser Institute concludes that over the past 50 years, an average family's total tax bill has increased by 1,738 percent.
Over the same period, the cost of shelter increased by 1,185 percent, food by 518 percent and clothing by 500 percent, it said.
“Taxes from all levels of government make up the single-largest expenditure facing Canadian families,” said Charles Lammam, the “think tank’s” associate director of tax and budget policy research.
The report concludes that the average family's income, at $74,233 last year, has increased significantly over the past five decades while the average tax bill has grown even more to $30,792 or 41.5 percent of family income.
In 1961, the average Canadian family earned $5,000 and paid $1,675 in taxes, representing 33.5 percent of family income.
The situation could get worse “unless governments take serious steps to reduce spending and eliminate their deficits," Lammam said.