Madam Speaker, the member referred to people earning between $20,000 and $30,000. I have just done the calculation and wanted to put on the record the calculation of an employee who had earned an income of $25,000. This person would pay $4,469 in tax, $675 in EI and $688 in CPP which would mean a net take home pay of $19,168. The effective tax rate is 17.8%.
Since an income earner making $25,000 a year is paying a 17.8% tax rate, does the member believe that it should be lower based on his comments and, if so, how much lower?