, 3 tweets, 2 min read
Alberta's Budget 2019 proposes to increase income taxes to help lower the deficit. Have now had time to crunch some numbers. Here's the average cost to AB families, by income category. Equiv to ~0.2% of disposable income (or ~$150 per family per year by 2021). #ableg
And here's the same plot, but in dollars per family by income category. Average increase is ~$150 per year, but it varies across households depending on your income and credit situation.
Note: some are claiming that there are no tax increases. That is incorrect. De-indexing and removing some credits will increase income tax payments: roughly ~$330m in additional revenue (govt estimate is 311m) per year. That comes from taxpayers. What else shall we call it?
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