Yesterday NDP leadership hopefull Brian Topp released a taxation policy paper [PDF]. Sun News interviewed Topp last night and I acted as a responder - video available here. One particular item of interest is the introduction of a new 35% tax bracket starting at $250,000 (the existing highest tax bracket starts at $132,406 in 2012 and has a marginal tax rate of 29%). The move is said to raise $3 billion, though their math is not shown - the footnote on the figure reads Calculations from “Income Statistics 2010 – 2008 Tax Year” Basic Table 2A, Canada Revenue Agency.
Parties and groups releasing government revenue estimates of dubious quality is all too common. It would seem to me that there is an opportunity for an enterprising young economist to make a name for themselves by providing better estimates. Someone adept at SPSD/M could churn our a high-quality estimate in less than an hour (ignoring, of course, the fixed cost in learning SPSD/M). It would be a quick and easy way to get your name out to the world through the media and make a name for yourself in economics. It would look terrific on a CV or resume to say your work has been cited in the Globe and Mail or on CTV. It's a tough labour market out there; you need to find a way to stand out from the crowd. This would be one way to do so.