[i] When it comes to tax time in Canada, GST, PST still draw most ire - Vancouver Is Awesome

 

[ii] Annual Report 2019/2020 (taxfairness.ca)

 

[iii] A useful discussion is here. What is materiality? | AccountingCoach

 

[iv] Net income of $900K divided by 8.9% net income yields an assumed average revenue of $10,112K. Now calculating the materiality on a revenue basis, to compare for government spending, we divide $20K by $10,112K which gives 0.198% or about 0.2%

 

[v] What is a Good Net Profit Margin? 20 Years of Data from the S&P 500 (einvestingforbeginners.com)

 

[vi] This rate of 5.7% is based on the Dow Jones return over all the years of existence with dividends re-invested of 10.1% less 2% inflation, less 1.5% Admin and Investment management. Dow Jones Return Calculator, Dividends Reinvested (dqydj.com)

 

[vii] The values of all stocks on the NYSE is 50% of GDP in 1900, so 50% x $0.59T = 295 Billion, vs 150% of GDP today, which is 1.5 times 14.3 T (Gdp in 2000) = 21.5 Trillion. Divide 21.5

 

[viii]The Growth of the American Stock Market - Global Financial Data