No! Lower taxes means more money in my pocket! The Conservatives did the right thing by cutting it from seven to six and then to five. Keep going!
No! Lower taxes means more money in my pocket! The Conservatives did the right thing by cutting it from seven to six and then to five. Keep going!
Were the GST cuts passed on to the consumer?
Is five a lower number than seven?
If you had a choice of a women, would you choose a 5, a 7 or a 10
Myself I think the Cons have screwed up the Tax system with some useless deductions -Sports for one - Transit for another.
No! Lower taxes means more money in my pocket! The Conservatives did the right thing by cutting it from seven to six and then to five. Keep going!
and how is the sports and transit deduction stupid? Oh, I know, because it is one deduction that people like you don't get to take advantage of, therefore it's a "stupid" deduction. Guess that shows who you actually think about. It's all about "me, me, me" isn't it goober.
Seemed like a good idea at the time, sure. The recession and huge deficit have changed that. Now it looks like a mistake.
Well lower taxes all around stimulates economic growth, so if we're willing to lower the corporate tax rate it only seems reasonable that everyday consumers like you and me also get a tax reduction. Lower taxes help combat a recession and as far as the deficit is concerned, we can keep lower taxes if we're willing to cut costs in other areas.
We have a massive debt
- We have many that cannot find affordable housing
How much do you save between a 5 or 7 % rate.
Which will never be paid, because extra revenue from raised taxes won't immediately go to paying off the debt, it'll go elsewhere.
All the more reason to donate to charitable organizations that house people. The government can't do it all.
Knowing my spending habits, probably thousands by now.
You clearly make over 100 k a year?
No. In fact I claim it. Read up on how effective these tax deductions are. I also claim my charitable deductions and hope that one day they would receive the same tax deduction rate as donations to political parties rates.
So before you throw me under the bus, I may in fact be on it. No, not really, my wife uses the bus. A 15 % deduction.
Actually the government and the economists are trying to convince us we are not
in recession. I don't think reducing taxes at this time is a good idea either. We have
to pay for the things we need as a society and secondly not paying the bills for
infrastructure means higher costs for all in the future. If you lower taxes you lower
services and infrastructure renewal and it makes it a lot more expensive when
reality sets in.
No.
Raise corporate taxes, but not GST.
To me, I am in the high income rate and a raise in GST would affect me substantially.
Why?
Should the GST be raised. As a consumption Tax it is the fairest tax possible. The more you consume the more you pay.
Should it raise with corresponding lowering of Income Tax Rates. Lower incomes to gain more (GST Rebates) and higher thresholds for basic Income Tax - Increasing support for elderly low income.
Food and other items would be exempt, such as prescription drugs and I am sure a few more could be added.
Myself I think the Cons have screwed up the Tax system with some useless deductions -Sports for one - Transit for another.
And cutting the GST. Dumb move.
Fairness is of course relative to the reason you are consuming. For example if I
have lots of income and sufficient disposable income paying tax on consumer
goods is not a burden at all. The same can be said if I have lots of income and
I pay more tax it is not as serious as someone who has almost no disposable
income and is paying taxes.
The poor however don 't see it as fair as you might. If they require items that are
taxed and pay that tax there might not be disposable income to buy enough milk
for the children today. Oh they get refunds and what have you because they are
poor. They do not get their amount of tax returned, and more important they need
the money today for necessities not in a few months when some is returned.
Besides I am not in favour of these taxes as the business community gets almost
everything back and they don't pay for the their fair share in the end. Secondly
if they were to lighten the income tax burden on the business community they
would get almost everything back without paying anything in the end.
What should happen is their should be an income tax reduction of sorts and then
close all the deduction loopholes for everyone including business.
We have to get everyone paying something. I believe business should not get
away with passing the bulk of their tax burden on to consumers and at the same
time I believe even those on social assistance should pay even five or ten dollars
a month for taxes, as it reflects their contribution by income, and at the same time
the image of everyone paying allows those on assistance an even say as they
would be paying taxes too.
You , like so many people need to learn some fundamentals about taxation. First and most important business does NOT pay any tax. Never have and never will. To a business all taxes are an expense that is simply added into the retail price of their product. This harms the poor far more than those that are better off since it also includes food stores.
Next. As taxes go consumption taxes like the GST/HST are far more fair than income taxes as well as an incentive to save money. DOn't buy **** you don't need and you don't pay taxes.
Most of the poor get far more back in credits and government services than they will ever pay in taxes.
The best way to keep taxes under control is to scream really loud every time any level of government wastes money.
Where we could possibly raise tax money without hurting Canadians is an export tax as high as the market will bear and still leave us competitive.
You , like so many people need to learn some fundamentals about taxation. First and most important business does NOT pay any tax. Never have and never will. To a business all taxes are an expense that is simply added into the retail price of their product. This harms the poor far more than those that are better off since it also includes food stores.
Next. As taxes go consumption taxes like the GST/HST are far more fair than income taxes as well as an incentive to save money. DOn't buy **** you don't need and you don't pay taxes.
Most of the poor get far more back in credits and government services than they will ever pay in taxes.
The best way to keep taxes under control is to scream really loud every time any level of government wastes money.
Where we could possibly raise tax money without hurting Canadians is an export tax as high as the market will bear and still leave us competitive.
You're being disingenuous. Businesses TRY to recoup what they pay in tax, as well as grabbing every deduction possible, deferring the taxes they pay and lobbying for more tax relief. They do not, however manage to get out of paying.
As for the basic argument, the whole GST-VAT vs income tax debate has been going on at least since Mulroney instroduced the GST, and probably before then. I liked the idea, once I got over my born-in-Alberta revulsion of all things sale tax. I heard my uncle (a now-retired senior bean counter for Revenue Canada) talk about it one time, during a family BS session, that there was pressure to do away with income tax entirely when the GST was introduced, and move to a purely consumption based tax but the federal civil service unions vowed to fight it as hard as they could because simplifying the tax code in that manner would have cost too many jobs to both private accountants and Revenue Canada staff.
ps and it was the Liberals who were/are primarily responsible for the bureaucratic abortion that our tax system is, so lets try to refrain from dumping that where it doesn't belong. They did have some help from Conservative gov'ts, but its mostly on the Libs.