Coherent Identifier About this item: 20.500.12592/86mnt9

A profile of high income Canadians, 1982 to 2004 : Profil des canadiens à revenu élevé, 1982 à 2004

2007

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Summary

Concentration of income and wealth at the high end of the distribution of income can be important as a reflection of the tolerance of increased inequality in Canada and it may help our understanding of changes in policy driven by changes in economic resources. [...] In a study that explicitly considered the definition of high income, Murphy, Finnie and Wolfson (1994) used the top 5% of the income distribution or about three times the median income as the definition of high income. [...] In contrast, the share of the top 5% increased by about one-quarter, while that of the top 1% increased by about half, and that of the top 0.1% and 0.01% came close to doubling. [...] Not only has the size of the aggregate total income share accruing to the top 5% of individual income tax filers grown, but so too have the number of high income earners. [...] From 1982 to 2004, the proportion of the aggregate income “pie” accruing to the top of the income distribution increased (Table 5).

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economics economy poverty taxation finance tax system canada equity income wealth revenue pension income taxes economic inequality quintile household income in the united states rich people dividend median cut-off canada revenue agency progressive

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