The Jerry Agar Show Toronto Pays Taxes Too!
Jan 22, 2025
The podcast dives into Toronto's tax woes, highlighting the heavy property taxes and the perceived inequities faced by residents. It raises the question of who truly represents Canada amidst political debates. The discussion takes a turn to mental health, focusing on the challenges youth face in accessing services and the impact of modern parenting. Additionally, it addresses the decline in international students and its effects on college programs, sparking a larger conversation on education and job market alignment.
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Toronto Taxes
- Toronto residents do pay a substantial amount in taxes, especially with the double land transfer tax.
- The Fraser Institute study shows GTA residents contribute significantly more in taxes than they receive in government spending.
Tax Burden Distribution
- High-income earners in Ontario and other major Canadian cities effectively subsidize other regions.
- A study shows big city residents contribute more in taxes than they receive back in government services.
Progressive Taxation
- The top 20% of income earners pay almost two-thirds of taxes, while the bottom 20% pay less than 1%.
- Progressive taxes are designed so higher earners pay more, not just in total but as a percentage of income.