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by bawolff 1497 days ago
> ...and why combined tax rates for the middle class are around 50%.

I think you are confusing middle class and 1%.

Stats canada says middle class is $45,000 to $120,000. That is a marginal tax rate of about 30% depending on what province and where in that range you fall (quebec is closer to 40%). https://www.mackenzieinvestments.com/en/services/tax-and-est...