Sentences with phrase «where high income earners»

In Canada, income is taxed using a marginal tax rate system, where high income earners are taxed more heavily on each dollar they earn than a lower income earner.

Not exact matches

The CUPE proposal suggests that there are only benefits and no costs to a higher minimum wage, but then caps the minimum wage hikes to a level where only single - earner full - time minimum - wage workers (with no other sources of income) cross the LIM.

But where would these high - income earners consider moving?

Let's be like the French, where the government has to hike income taxes to heights never seen in the world on the very people, who are least able to pay it (because the high income earners can afford to move and they DO move somewhere else).

«I'm a progressive who knows where the money is — the rich got it,» he said, calling for the state to adopt additional taxes on high - income earners to make his agenda possible.

This, however, hides pockets of tension, where lower - income earners often rub along painfully with a high ethnic mix.

Below, we've taken into account several different kinds of household scenarios: so whether you're a low -, middle - or high - income earner, and whether you're single, married or have kids, you should be able to see where you fit in.

When some part of parental benefits are reserved for the so - called primary worker or for both parents in a dual - income situation where there is roughly equal earning levels, then the second parent, the so - called primary earner, is going to get parental leave at a higher income replacement rate.

High - income earners who expect the federal tax rate to increase in 2016 may consider the opposite course of action — receive income in 2015 and defer expenses to 2016, where possible.

@ ʎəʞouɐɪ except that very high earners will pay their way out of this tax, («pay off their loans») which isn't how we normally think of tax working, especially in the UK context where marginal income tax rates rise with income

Generally speaking, families where one person is a high - earner and the other spouse is a low - earner or not in the workforce fare better than couples who make similar incomes.

Basically, the government does not think people who make over these income limits should have the opportunity to invest in Roth IRA accounts which leaves «high income earners» searching for a vehicle where they can pay the tax now, have tax deferred growth, and tax - free distributions down the road.

With a top federal rate of 39.6 percent, plus a state income tax of 9 percent to 13 percent, plus property taxes — which are no longer fully deductible — the tax burden for high earners approaches Scandinavia, where tax rates are in the high 50 percent range.