cover image: Fairness by design

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Fairness by design

11 Feb 2013

The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. [...] For ex- ample, Marc Lee and Amanda Card estimate that GhG emissions for the top income quintile of households were nearly double that of the bottom quin- tile.10 A distributional analysis by Lee of BC’s carbon tax found that the top 1% of households had emissions three times the average, and almost six times the emissions of households in the bottom decile.11 Thus, reduced consumption at the high [...] The peak tax rates are faced by households in the middle of the income distribution, who pay about six percentage points more of their income in tax than both the top and the bottom. [...] The ex- ceptions are refundable tax credits and income-tested transfers such as the Goods and Services Tax Credit and the Canada Child Tax Benefit (CCtB).23 The challenge at the bottom of the income distribution ladder is that con- sumption taxes like the GSt are regressive in that everybody pays exactly the same rate. [...] This is also known as horizontal equity: the principle that two people with the same amount of income in a given year pay the same rate of tax regardless of the source of that income.
health government politics economy taxation finance tax system income inequality capital gains tax employment labour progressive taxation retirement unemployment tax welfare carbon tax government budget taxes expenditures expense society economic inequality tax base government finances gst dividend taxed progressive deductions fairtax

Authors

Lee, Marc

ISBN
9781771250542
Pages
44
Published in
Canada

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