Gut Check: Making simple sense out of life
By Lenore Skomal Erie Times-News staff blogger
Lenore Skomal is an award-winning author and veteran journalist in all forms of media. She is a weekly columnist and daily blogger for the Erie Times-News. She’s authored 17 published books, including an anthology of her columns, Burnt Toast available on her website   Read more about this blog.
Posted: April 24th, 2012
Yes, taxing the 1% can happen: Ontario passes surtax on rich

After some legislative wrangling, if all goes as expected, Ontario will have a 2 percent surtax in place on those making $500,000 or more . The surtax is part of the annual budget being voted on today.

The premier of that province agreed to the “tax the rich” plan in hopes of offsetting a looming deficit $15.2 billion deficit, by raising some $450 million in additional taxes. It affects 23,000 wage earners in that province.

The tax would increase the taxes of someone making $600,000 annually by $3120, reports the Toronto Star.

You can read the entire article here.

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