Strategic Thoughts

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June 26, 2001

By making the tax cuts "equal" on the tax rate, or percentage paid, one third of one percent of all taxpayers will get almost 14% of the total benefits!

(don't take my word - put in a freedom of information request for the government's version of this table)

The Real Story Behind BC's Dramatic Tax Cuts
Assessed Income
Number of People (from 1997 returns)
Tax Cut savings as percentage of total lost revenue (Min. of Finance estimate of $1.5 billion)
Percentage of Taxpayers

Average savings per Taxpayer

(note this is consistent with the BC Ministry of Finance table (pdf) - except this has more detail)

$1 - $10,000 625,360 0.3%
23.7%
$6
$10,000 - $15,000 378,720 1.3%
14.4%
$49
$15,000 - $20,000 259,590 3.0%
9.9%
$157
$20,000 - $25,000 215,450 4.1%
8.2%
$262
$25,000 - $30,000 194,220 5.3%
7.4%
$372
$30,000 - $35,000 192,260 6.4%
7.3%
$461
$35,000 - $40,000 154,320 6.6%
5.9%
$589
$40,000 - $45,000 117,550 6.0%
4.5%
$702
$45,000 - $50,000 95,370 5.8%
3.6%
$833
$50,000 - $60,000 159,860 11.8%
6.1%
$1,017
$60,000 - $70,000 97,730 9.2%
3.7%
$1,295
$70,000 - $80,000 48,880 5.8%
1.9%
$1,634
$80,000 - $90,000 27,590 4.2%
1.0%
$2,068
$90,000 - $100,000 16,660 3.0%
0.6%
$2,491
$100,000 - $150,000 29,450 7.4%
1.1%
$3,460
$150,000 - $250,000 12,400 6.0%
0.5%
$6,672
$250,000 and over 7,920 13.7%
0.3%
$23,848
Grand Total 2,633,330 100.0%
100.0%
 

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