# David Eby's pledge to make BC highest taxed jurisdiction

> B.C. NDP leader David Eby proposes 57.5% top tax rate for millionaires.
- Title: David Eby's pledge to make BC highest taxed jurisdiction
- Summary: B.C. NDP leader David Eby proposes 57.5% top tax rate for millionaires. B.C. NDP leader David Eby pledges to raise top marginal tax rate to 57.5% for annual…
- Keywords: david eby, ndp, tax rate, marginal tax, b.c. ndp, b.c. tax, top tax rate, marginal tax rate, b.c. ndp leader, b.c. province, tax policy, David
- Source: Nationalpost — https://nationalpost.com/opinion/david-eby-pledge-to-make-bc-highest-taxed-jurisdiction-on-earth
- Read time: 1 min
- Topics: david eby, bc, ndp, tax rate, marginal tax, b.c. ndp, b.c. tax, top tax rate, marginal tax rate, b.c. ndp leader, b.c. province, tax policy
## David Eby's tax pledge
B.C. NDP leader David Eby proposed a new tax policy that would give his province one of the highest marginal tax rates on earth.
## 57.5% top tax rate
If implemented, the top marginal tax rate in B.C. would hit 57.5 per cent, meaning 57.5 cents out of every dollar earned above a certain threshold in B.C. would be collected as tax.
## Higher than Europe
According to the most recent figures from the OECD, top-earning British Columbians would pay a higher tax on income than their well-paid peers in France (55.4 per cent), Japan (55.9 per cent), Sweden (52.4 per cent) and the U.K. (45 per cent).
## Denmark comparison
In fact, they’d likely be paying more of their income in tax than any other jurisdiction save Denmark, which has a top rate of 55.9 per cent in OECD data but can rise as high as 60.5 per cent in practice.
## California comparison
B.C.’s top tax rate would also push well ahead of California, the single most high-tax jurisdiction in the United States, where Californians pay a top income tax rate of 13.3 per cent combined with a federal top rate of 37 per cent for a total of 50.3.
## Millionaire's tax
This would be added to the top federal rate of 33 per cent for a total of 57.5 per cent, applying only to annual incomes of $1 million or more.
## Key takeaway

B.C. NDP leader David Eby pledges to raise top marginal tax rate to 57.5% for annual incomes over $1 million, placing British Columbians in a higher tax bracket than most European countries.