Federal study details workers whose extra earnings get dinged most by tax system

  • 📰 TheStarPhoenix
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Federal study details workers whose extra earnings get dinged most by tax system — via financialpost

Also more likely to lose out from extra earnings through working more hours or getting a higher-paying job were workers who live in Quebec, and those between the ages of 35 and 44.

Women were more likely than men to lose out on 60 per cent or more of their extra earnings, which the recently released analysis chalks up to their slightly greater reliance on federal supports. She said a review is necessary because the tax system was designed in the past and doesn’t fully capture the economy as it is currently structured, which creates difficult choices about working more, but not netting much more income.On average, workers lost $341 for every $1,000 increase in their earnings, based on the 2017 data the paper relied on.

The study said the proportion of low-income workers who lost out on 50 per cent or more of their extra earnings was double the proportion of workers in the country’s top income bracket.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 253. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Single mom creates furniture company 'Oak & Heir': She's the 'Oak,' son is the 'Heir'Oak & Heir reinvents antique furniture and family heirlooms. It's founder, Chanelle Moragne, is also reinventing herself as business owner who is also a single mom. Another slow news day at 190 North...?
Herkunft: ABC7Chicago - 🏆 284. / 63 Weiterlesen »