Duffy struggling on $120 K salary

[JLM]

National Post | Canadian News, Financial News and Opinion

How does a guy like that even warrant $120 K salary?

 

[Sal]

because of all of the money his buddies were making "using" him to pull in people and funds

he is not in this alone...he flew all over hell and gone for fund raisers...now he is their fall guy

 

[IdRatherBeSkiing]

National Post | Canadian News, Financial News and Opinion

How does a guy like that even warrant $120 K salary?

It's probably Senate minimum wage.

 

[JLM]

It's probably Senate minimum wage.

Scary sh*t isn't it?

 

[petros]

After taxes $120K is $84K

 

[JLM]

After taxes $120K is $84K

My heart weeps!

 

[petros]

Mine too. Every April 30

 

[Walter]

After taxes $120K is $84K

There should be no taxes on anyone's income.

Mine too. Every April 30

All elections should be May 1.

 

[petros]

I agree with both.

 

[captain morgan]

because of all of the money his buddies were making "using" him to pull in people and funds

he is not in this alone...he flew all over hell and gone for fund raisers...now he is their fall guy

It's the contract that was signed... no more, no less

All elections should be May 1.

April 1 is more appropriate

 

[petros]

April 1 the day campaigning starts.

 

[JLM]

There should be no taxes on anyone's income.

So when the time comes how is your institutionalization going to be paid?

After taxes $120K is $84K

I have little doubt that he has far more tax dodges than you or me!

 

[petros]

How?

 

[Walter]

So when the time comes how is your institutionalization going to be paid?

Consumption tax and/or, depending on the type of institutionalization, my own funds.

 

[IdRatherBeSkiing]

So when the time comes how is your institutionalization going to be paid?

It is possible to remove income tax and have government income on consumption tax (maybe a 20-25% GST). Personally, I favour just a fair flat rate % tax on income (lets say 20%) on every dollar from the first to the 20,000,000th. No deductions for anybody.

I have little doubt that he has far more tax dodges than you or me!

Do you not have RRSPs or RIFs? Those are the biggest tax dodges there are. But if he has some, and they are legal, why are you complaining? Why aren't you taking advantage of them?

 

[JLM]

It is possible to remove income tax and have government income on consumption tax (maybe a 20-25% GST). Personally, I favour just a fair flat rate % tax on income (lets say 20%) on every dollar from the first to the 20,000,000th. No deductions for anybody.

That might be a little tough for the guy whose annual income is $5000.

Do you not have RRSPs or RIFs? Those are the biggest tax dodges there are. But if he has some, and they are legal, why are you complaining? Why aren't you taking advantage of them?

There is a damn good reason why those are tax dodges. If not for them a lot of people might be on the public t-it. Besides they not really a tax dodge, more like a tax deferral as we pay the tax when we withdraw them.

 

[IdRatherBeSkiing]

That might be a little tough for the guy whose annual income is $5000.

No 20% of 5000 is 1000. 20% of 5 million is 1 million. Fair.

But if you want to give everybody their first $20K free, that would be ok.

 

[JLM]

No 20% of 5000 is 1000. 20% of 5 million is 1 million. Fair.

But if you want to give everybody their first $20K free, that would be ok.

Do you think it's fair to be expected to live on $4000 a year?

 

[IdRatherBeSkiing]

Do you think it's fair to be expected to live on $4000 a year?

As fair as being expected to live on $5000. I would assume at that level some level of social assistance should be available (also taxable).

 

[JLM]

As fair as being expected to live on $5000. I would assume at that level some level of social assistance should be available (also taxable).

So that would entail hiring two more bureaucraps- one to dole it out and another to claw it back. (I know I can be cruel)