[Jmac]

Originally Posted by Hondaracer

Raising tax rates to 33% for people making 200+ is fucked up. For the most part people within that bracket are probably amongst the hardest working/most stimulating of the Canadian work force.

And again, no definition for "the middle class" so is the middle class anyone under the 200 but above the 20k no tax bracket? :/

Federal tax rates for 2015
15% on the first $44,701 of taxable income, +
22% on the next $44,700 of taxable income (on the portion of taxable income over $44,701 up to $89,401), +
26% on the next $49,185 of taxable income (on the portion of taxable income over $89,401 up to $138,586), +
29% of taxable income over $138,586.

We will give middle class Canadians a tax break, by making taxes more fair.

When middle class Canadians have more money in their pockets to save, invest, and grow the economy, we all benefit.

We will cut the middle income tax bracket to 20.5 percent from 22 percent - a seven percent reduction. Canadians with taxable annual income between
$44,700 and $89,401 will see their income tax rate fall.

This tax relief is worth up to $670 per person, per year – or $1,340 for a two-income household.

To pay for this tax cut, we will ask the wealthiest one percent of Canadians to give a little more. We will introduce a new tax bracket of 33 percent for individuals earning more than $200,000 each year.

Liberal federal tax rates for 2017
15% on the first $44,701 of taxable income, +
20.5% on the next $44,700 of taxable income (on the portion of taxable income over $44,701 up to $89,401), +
26% on the next $49,185 of taxable income (on the portion of taxable income over $89,401 up to $138,586), +
29% on the next $61,414 of taxable income (on the portion of taxable income over $138,586 up to $200,000), +
33% of taxable income over $200,000

Google Liberal platform. Doesn't sound like you've read it ... or know how the Canadian tax structure works now.

It's a tax break for anyone making between $45k and $217k.