Doug Ford promises tax cut for the middle income bracket - News Summed Up

Doug Ford promises tax cut for the middle income bracket


An Ontario Progressive Conservative government would implement a cut in the second Ontario tax bracket, party leader Doug Ford said Thursday. Under the current rate of 9.15 per cent, that worker pays $2,565 in provincial income tax. A worker making $80,000 annually pays $4,360 in provincial income tax. Under a PC government, that figure would be $3,680, saving $680 per year, equal to a 15.6 per cent reduction in provincial income tax. "Cutting income tax means there is less that the government is going to be able to do," she said.


Source: CBC News May 10, 2018 14:43 UTC



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