On this basis, her pre-tax income would be $ 67,674 per year before tax or $ 4,600 a month after 18 per
cent average income tax.
After paying 14 per
cent average income tax and no tax on TFSA payouts, they would have $ 6,240 a month to spend.
He would pay average 10 per cent tax after adjustments for age and pension income credits and have $ 24,706 per year or $ 2,060 per month if he starts benefits at 65 or $ 34,100 per year or $ 2,840 per month if he works to 70 and pays 12 per
cent average income tax on the same basis.
After 20 per
cent average income tax and no tax on TFSA payouts, he would have $ 5,400 a month to spend, about the same as present allocations with all savings removed.
Assuming that Sid does start CPP and OAS at 65, his income after 20 per
cent average income tax and no tax on TFSA payouts would be about $ 4,800 per month.
After 15 per
cent average income tax, they would have $ 5,932 a month to spend, almost enough to cover their present budget.
Assuming that Sid does start CPP and OAS at 65, his income after 20 per
cent average income tax and no tax on TFSA payouts would be about $ 4,800 per month.
Not exact matches
A 60 per
cent replacement rate means that someone who earned $ 40,000 on
average while working would receive $ 24,000 in retirement
income from public sources.
But he points to a report from the Parliamentary Budget Officer released earlier this year showing that, since 2009, the debt service ratio — a measure of
income spent to pay debt — has remained steady at around 14 per
cent, not much higher than the long - term
average.
Because the
average salary for a woman still lags behind men's (the American Association of University Women says women earn 82
cents for every dollar a man makes one year after graduation) and lenders favor two -
income households over single earners, Lautz says women are «making the most sacrifices to get into a home, but they're still placing a high value on owning a home of their own.»
Gap's net
income fell 46.9 percent to $ 127 million, or 32
cents per share, for the first quarter ended April 30, in line in the
average analyst estimate.
«For decades, households in Ontario had
incomes as much as 20 per
cent above the Canada
average, and 10 per
cent higher as recently as the turn of the century.
Analysts on
average had expected adjusted net
income of 84
cents, according to data compiled by Thomson Reuters.
According to the last calculation from Statistics Canada, the
average household owes 165 per
cent more than it earns in annual disposable
income, meaning an
average family with $ 100,000 annual disposable
income owes $ 165,000.
The 2016 figures showed a further worsening of Hong Kong's wealth gap, as the richest 10 per
cent of households - with a median monthly
income of HK$ 112,450 - earned 44 times more than the poorest 10 per
cent making an
average of HK$ 2,560.
If we assume the
average federal tax rate on capital
income is 25 per
cent (most capital
income is taxed in the higher 22 per
cent, 26 per
cent and 29 per
cent tax brackets), this yields a revenue cost of $ 6.6 - billion, or 7 per
cent of federal
income tax revenues.
Thus, at
average wages and salaries, there is a significant gap to be filled by third pillar
income to eliminate the difference between what is available from OAS, C / QPP and GIS, and a replacement rate target of 70 per
cent.
Aboriginal artists are producing more art than the market is demanding, leading to 40 per
cent falls in
average incomes between 2007 - 08 and 2012 - 13, according to a recent government report.
As a share of total household sector disposable
income, the cash flow effect in this scenario is estimated be less than 0.2 per
cent on
average per annum over each of the next three years (Graph 7).
According to Vancity, based on the
average income of Vancouverites, the
average property now requires more than 48 per
cent of household monthly
income.
It's no surprise that parents of young children, says Statistics Canada, now carry debt worth 180 per
cent of their after - tax
income, well above the already - elevated national
average of 161 per
cent.
-- The growth in real
average (after - tax, after - transfer) family
income from 1976 to 2010 was the smallest in the middle -
income group, at seven per
cent
Real after - tax
income of middle - class families (considered the middle quintile or middle one - fifth of families) in Canada grew by only seven per
cent between 1976 and 2010 — or 0.2 per
cent per year — according to the report, with the
average family
income (after taxes and transfers) totalling $ 49,700 in 2010 for the middle -
income families.
In fact, the growth in real
average (after - tax, after - transfer) family
income from 1976 to 2010 was the smallest in the middle -
income group, at seven per
cent, while the top quintile (top 20 per
cent) saw their family
income grow by 27 per
cent during that time.
Since 1976, the
average after - tax
income of all Canadian families grew 18 per
cent in real terms (adjusting for inflation) to $ 61,000 in 2010 (most recent data available), say the documents.
-- The top quintile (top 20 per
cent) saw their family
income grow by 27 per
cent during that time (
average after - tax, after - transfer family
income of $ 135,500), compared to 14 per
cent for the second - highest quintile (after - tax family
income of $ 73,500), nine per
cent for the second - lowest quintile ($ 32,700) and 16 per
cent for the bottom one - fifth of
income earners (after - tax
income of $ 14,600)
According to a confidential survey commissioned by Hockey Canada last year and obtained by The Globe and Mail, the 1,300 parents surveyed had an
average household
income roughly 15 per
cent higher than the national median.
-- Since 1976, the
average after - tax
income of all Canadian families grew 18 per
cent in real terms (adjusting for inflation) to $ 61,000 in 2010 (most recent data available)
Prices rose by an
average of 5.2 per
cent a year between 1981 and 2012 in the country as a whole, or 1.3 percentage points a year faster than
average incomes.
Total household assets rose by 6 per
cent over the year to the December quarter 2004 (Table 7), in line with
income but well below the
average of previous years.
The ratio of
income payments to exports remains near its
average over the past two decades, at 17.9 per
cent.
The net
income deficit recorded a slight rise in the September quarter to $ 5.6 billion, though at 2.8 per
cent of GDP, it remains around its
average level of the past five years.
In the June quarter, the overall rise in housing - secured credit exceeded dwelling investment by the equivalent of 8 per
cent of household disposable
income, which is almost twice the
average magnitude of housing equity withdrawal seen over the past two years (Graph 28).
Taking these facts into account, and allowing for the fact that households with debt have, on
average,
incomes about 30 per
cent higher than the
average for all households, interest and principal repayments probably account for something like 20 per
cent of disposable
income among those households who have debt.
The
average male who was 40 in 1973 actually saw a 14 per
cent decline in his
income over ten years.
The report said, on
average, CAP clients» outstanding debt equates to 96 per
cent of annual household
income when they seek help.
A modelling exercise for the Resolution Foundation by the Institute for Employment Research and the Institute for Fiscal Studies finds that on the basis of annual
average UK growth of 2.5 per
cent from 2015 - 2020 — an optimistic scenario — and no further cuts in public spending, living standards will fall for low and middle
income households by between 3 and 15 per
cent (Brewer et al., 2012).
Consider the following: in the five years going from 2008 to 2012 inclusive, UK government receipts from taxation on petroleum exploration and production activities came to # 44.62 billion, representing an
average ETR of 27 per
cent on a gross industry
income of # 165 billion (the fiscal years of other North Sea producers run concurrently with calendar years, so UK fiscal data has to be annualised to make it properly comparable to that of other North Sea producers).
Most recently there was the Dahlia Research poll which suggested on
average 64 per
cent (of surveyed EU countries) were supportive of a basic
income.
The City of Manchester is the third most deprived local authority area in England, with 20 per
cent of residents claiming
income support - twice the national
average.
Income tax bands to be triple - locked, increasing by the highest of the Consumer Prices Index,
average wage earnings growth or 2.5 per
cent - to end the scandal of fiscal drag
The
average real
income of those earning # 33,000 a year fell by six per
cent during 2011, according to a figure released in advance of new research by Demos, the political think tank.
That this House declines to give a Second Reading to the Welfare Benefits Up - rating Bill because it fails to address the reasons why the cost of benefits is exceeding the Government's plans; notes that the Resolution Foundation has calculated that 68 per
cent of households affected by these measures are in work and that figures from the Institute for Fiscal Studies show that all the measures announced in the Autumn Statement, including those in the Bill, will mean a single - earner family with children on
average will be # 534 worse off by 2015; further notes that the Bill does not include anything to remedy the deficiencies in the Government's work programme or the slipped timetable for universal credit; believes that a comprehensive plan to reduce the benefits bill must include measures to create economic growth and help the 129,400 adults over the age of 25 out of work for 24 months or more, but that the Bill does not do so; further believes that the Bill should introduce a compulsory jobs guarantee, which would give long - term unemployed adults a job they would have to take up or lose benefits, funded by limiting tax relief on pension contributions for people earning over # 150,000 to 20 per
cent; and further believes that the proposals in the Bill are unfair when the additional rate of
income tax is being reduced, which will result in those earning over a million pounds per year receiving an
average tax cut of over # 100,000 a year.
To put that in perspective, the
average homeowner in Washington, D.C. — where the
average per - capita
income is $ 70,000 — pays about 12
cents per kWH, according to the Department of Labor.
After adjusting for gender,
income, ethnicity and socio - economic status, they found that a 1 per
cent increase in birth defects was associated with an
average increase of 283 per
cent in cases of ASD.
In this respect, Britain is again falling behind other Western countries, with healthcare expenditure
averaging only 6.9 per
cent of the national
income between 1980 and 2013.
Pupils from low
income families had a 29 per
cent chance of being rated below
average at reading by teachers, compared to 20 per
cent of equally able classmates from high
income backgrounds.
The research defined disadvantaged children as those whose family
income was below the poverty line, or 60 per
cent under the
average household
income.
Of SATs that are overspending, the
average deficit as a proportion of
income within the primary sector is seven per
cent compared to eight per
cent for secondary academies.
I make money on seven different sources and
average eighteen
cents a page view because I took the time to figure out which
income sources pay the most and which I could use.