[ThePostMillenial] A new comprehensive report on Canadian taxes from the Fraser Institute reveals a disturbing truth about how much government spending has grown and the burden this has put on the taxpayers that have to flip the bill.
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It turns out that in 2019 the average Canadian family pays significantly more in taxes than on basic necessities, according to the data collected and disseminated by researchers Milagros Palacios and Jake Fuss.
As the Fraser Institute summarizes, “The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2018. Including all types of taxes, that bill has increased by 2,246% since 1961.
“Taxes have grown much more rapidly than any other single expenditure for the average Canadian family: expenditures on shelter increased by 1,593%, clothing by 769%, and food by 639% from 1961 to 2018.”
“The 2,246% increase in the tax bill has also greatly outpaced the increase in the Consumer Price Index (750%),” they continue, “which measures the average price that consumers pay for food, shelter, clothing, transportation, health and personal care, education, and other items.”