From today's Globe and Mail:
Saturday is Tax Freedom Day
VANCOUVER — Tax freedom day — the day average Canadians have paid off the year's tax load and begin working for themselves — arrives Saturday, according to the Fraser Institute.
The free-market-oriented think-tank said today that governments are letting the citizenry keep four days' worth of earnings more than last year. (continue...)
The Fraser Institute calculates that the average Canadian family of two or more will earn $90,678 this year and pay $40,667 in taxes — 44.8 per cent of total income.
Nearly half of the work we do all year goes to the government?!?! That's half way to communism. What a racket.
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