Middle-Income: Income Groups

income groups: Thats the kind of economics that low- and middle-income earners face if they try to make more money, says an analysis by the C.D. Howe Institute, according to The Star. The Howe analysis finds that the lower income groups face a double penalty as their income increases. Not only does their tax rate increase with their income; they also face clawbacks of benefits that they have been receiving and Make an extra dollar; pay 68 cents tax. In fact, the study finds, low- and mid-income earners face a higher tax rate on each extra dollar earned than high-income earners. (www.immigrantscanada.com). As reported in the news.