Tuesday, June 8, 2010

Tax Freedom Day from the Fraser Institute. Bunkum!

On the weekend, news outlets reported Tax Freedom Day, based on a news release from the right-wing, anti-government Fraser Institute, e.g., http://www.live-pr.com/en/the-fraser-institute-june-5-marks-r1048484728.htm

Here's another take on the concept from tax expert, Neil Brooks:
http://www.policyalternatives.ca/sites/default/files/uploads/publications/National_Office_Pubs/2005/tax_freedom_day.pdf

A shorter version is here:
http://www.policy.ca/directory/page.cgi?g=Detailed%2F1526.html;d=1'%20years%20of%20education

Here is a paragraph from the conclusion to Neil Brooks's essay:

Yet the Institute has presented us with infor-
mation that seriously distorts the picture of how
much tax Canadians pay. Far from promoting ra-
tional discussion, the Institute is clearly trying to
incite Canadians to anger, to encourage them to
join with members of the financial élite in a kind
of collective “tax rage.” The ultimate result of its
campaign will be even lower taxes, particularly
for high-income Canadians — and a continued
decline in the capacity of our governments to de-
liver programs that most Canadians value.

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