Reality Check

Guess what I just read in the Metro today.

"In 2002...the top 10% of [tax return] filers had income of more than $64,500, the lowest 50% of filers had income equal to or less than $23,000, and the remaining 40% had income levels between $23,000 and $64,500."

So that's:

10% of population - $64,500 +
40% of population - $23,000 - $64,500
50% of population - <$23,000

Granted, there's been some inflation since 2002 - but given the most recent CA salary survey, the average salary for a brand new qualified CA is $65,000. So that means that as soon as you've got your CA hours, you're in the top 10% of the Canadian population income bracket - at least, for those who file tax returns. In fact, probably there are even more people in the <$23,000 category who DON'T file tax returns because they don't think it's worth filing, they don't make enough money, don't know how to do it - etc. So it might be more like the top 7 or 8% of the Canadian population.

How crazy is that??????