Canada Taxes Fair ???

[jimmoyer]

50% of Canadians make $40,000 or less. Hedy Fry said it in the House of Commons just a couple of weeks ago during the debate over the Speech from the Throne.
----------------JonB2004-------------------------------------

From Statistics Canada website:

http://www.taxtips.ca/statistics.htm#TaxPie



5. Federal personal income tax breakdown.
Statistics Canada recently published a study titled Federal Personal Income Tax: Slicing the Pie, which examines the breakdown of federal personal income taxes paid by high and low income earners in Canada, from 1990 to 2002. Income earners were divided into 3 groups for the study:


10% of taxpayers with the highest incomes This group included taxpayers earning:
over $48,700 in 1990
over $64,500 in 2002

50% of taxpayers with the lowest incomes This group included taxpayers earning:

$19,000 or less in 1990
$23,000 or less in 2002

40%, or remaining taxpayers, with intermediate incomes This group included taxpayers earning:

$19,001 to $48,700 in 1990
$23,001 to $64,500 in 2002

The following tables summarize the results of the study.
a. Share of federal personal income tax paid by the 3 groups of taxpayers in Canada

Income group % of federal personalincome taxes paid
............................................1990.. ........2002
50% with lowest incomes..............6.7%..........4.4%
40% with intermediate incomes.....47.3%........43.0%
10% with highest incomes............46.0%........52.6%

Other tables show much lower compliance
by lower taxpayers


All information in this article adapted from Statistics Canada publication No. 11-621-MIE2005024, April 22, 2005.

 

[tracy]

I don't see why it's so unreasonable to expect those who make the most to pay the majority of the taxes. I fall into that category BTW. Who knew a nurse could be in the top 10%? Those making less than 20K a year see most of their income eaten up by the necessities of life.

 

[Sassylassie]

I agree Tracy, I'm in the top bracket myself and I don't mind paying more taxes if they are spent properly by the Feds. I will however reserve the right to bitch and moan alot about this issue, it's what Maritimers do complain about taxes. It's not our fault.

 

[JonB2004]

I don't think Canadians would mind if taxes are higher, as long as the money is being spent responsibly, IMO.

 

[Kreskin]

The ones making the most also develop the largest estates for which there is no estate tax. Overall the tax system isn't that bad in fairness, it's just too bloody complicated.

 

[Zzarchov]

If the higher taxes with being wealthy are so bad, feel free to take a giant pay cut and live in poverty, im sure no one will mind.

 

[ottawabill]

taxes r us

I have not problem paying a higher tax rate or paying my taxes...
my problem is higher and higher taxes..higher and higher property taxes and less and less services while gov. money is given away to stupid ventures.

I pay high taxes..Fine..then I get a note from my kids school saying they have a balanced budget..great!!! followed by 3 hits for money in a week..either straight up or through fund raisers. The U.S. pays less tax but more service fees..fine... I thought we paid higher taxes for services. Now it seems we pay higher taxes and pay tons of service fees!!!

In Ontario we pay a new health care tax..for that eye care and some toher services were cut..more for less..more for less

 

[jimmoyer]

I agree Tracy, I'm in the top bracket myself and I don't mind paying more taxes if they are spent properly by the Feds. I will however reserve the right to bitch and moan alot about this issue, it's what Maritimers do complain about taxes. It's not our fault.
------------------------------------------------Sassylassie-----------------------------

And IF there is to be any tax cut, of course the rich get more back, because they pay more in.
This is an obvious fact lost on the class warfare ideologues.


Income group % of federal personalincome taxes paid
............................................1990.. ........2002
50% with lowest incomes..............6.7%..........4.4%
40% with intermediate incomes.....47.3%........43.0%
10% with highest incomes............46.0%........52.6%

Americans in the 50 percent lowest incomes pay less than 3 percent of the total income tax
collected by the federal government.

 

[Sassylassie]

Jim Wrote: Americans in the 50 percent lowest incomes pay less than 3 percent of the total income tax collected by the federal government.

Sweet Jesus Jim did you have to tell me that, sob sob, sniff sniff. 3% I wish-- how I wish, I'm taxed at the highest bracket and being self employed I have to pay the max amount for CPP total cost last year shy of $6000 for two of us.

Bill I agree with you we pay more for less and paying more taxes is going up every year and we get nada for the extra taxes. Don't get me started on the condition of our roads, I'm screaming now.

 

[MattUK]

Excuse ignorance, but what % do you pay on your bracketed earnings? Maybe I am missing something above, but I cant see it.

We pay (tax and national insurance) About 33% tax (except on your first £4000 earnings or something like that), earn over £70k, you are paying about 45-48% tax and National Insurance, just wondered how yours compared.

 

[DurkaDurka]

I am in the middle tax tier, taxed around 30%.

 

[ottawabill]

low taxes

The truth is we pay far less in taxes and services than Europe, however we compare our situations with the U.S. as a standard. The U.S. rate is quite a bit lower then Canada.

we complain that gas prices are higher than the U.S. but they are only half the price on Europe etc etc

 

[MattUK]

So whats your VAT (GST whatever you call it) then?

How much tax percentage wise would someone pay on $20,000 per year?

We pay about 90pence per liter for fuel, so about $1.85 a litre

 

[DurkaDurka]

If the person lived in Ontario tand made $15,000 they would pay around 21%



Stuff below copies from http://www.ufile.ca/TaxNewsAndTips/TaxLawChanges.asp


Federal



The unchanged tax rates and new brackets (Schedule 1) are:

• $35,595 or less - 15%
• $35,595 to $71,190 - 22%
• $71,190 to $115,739 - 26%
• More than $115,739 - 29%
  
  Ontario
  
  The unchanged tax rates and new brackets are:
• $34,010 or less - 6.05%
• $34,010 to $68,020 - 9.15%
• More than $68,020 - 11.16%

 

[ottawabill]

gst 7%
most provinces have a sales tax ontop of that at about 8% however Alberta has no sales tax.

85cents to $1.10 (canadian) a litre for gas maybe higher in some areas (big country we live in) got gas last week at 79 cents

 

[MattUK]

Thats nothing!

Jesus wept. I feel robbed!

 

[ottawabill]

yep

Thats why I say Canadians spend all there time comparing themselves, good and bad. with the U.S.

It's quite silly, the 7th biggest economic power spends all it's time looking at the 1st ecomonic power and wonders why we don't have this or that etc...

I've spent time in England and to be honest, I love the place but it's generations behind in services oportunities and cost of living compared with Canada..outside of London anyways

 

[Sassylassie]

In Nova Scotia we pay HST and it's 15%, since it isn't GST ergo no cuts for the tax payer. Also keep in mind the Government taxes gas @43% and then the GST is added, a tank of furnace oil last year $850 six years ago $250.

 

[ottawabill]

In Nova Scotia we pay HST and it's 15%, since it isn't GST ergo no cuts for the tax payer. Also keep in mind the Government taxes gas @43% and then the GST is added, a tank of furnace oil last year $850 six years ago $250.

and to Think Sassy now you'll be able to spend all those tax dollars on Sundays as well

 

[jimmoyer]

Perhaps 50 percent of the lowest incomes contributing 4.4 percent of all
income tax collections is okay.

But does it make citizens responsible to completely pay no taxes no matter what income ?

Should not all of us be vested in the system ?

---------------------------------------------------------------

Income group % of federal personalincome taxes paid
............................................1990.. ........2002
50% with lowest incomes..............6.7%..........4.4%
40% with intermediate incomes.....47.3%........43.0%
10% with highest incomes............46.0%........52.6%