Not really because those with kids at home consume more and they are the ones that should get a tax break, especially if they are at the lower income end.
GST - Should it be raised?
- Thread starter Goober
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Not really because those with kids at home consume more and they are the ones that should get a tax break, especially if they are at the lower income end.
That is $25 a month, which would pay for a lot of the prescription drugs that 17% of Canadians are unable to afford. That's one of the problems with money (as I've been trying to tell truck salesman) the nickels and dimes after awhile tend to add up to something we can't handle! :smile:
Hit the wrong thumb. Raising the corporate tax will increase unemployment and elevate the cost of everything because the corps will just pass the cost on to us.
Wrong; lower taxes will mean job creation. It works every time.
And why a gradual increase in GST, with a raise of the base level income is taxed at, GST rebates. That should address most of what you raised.
Ummmmmmmmmmmm? That might be a very dangerous assumption, especially in rural areas! :lol:
Check this link for info on taxes in other countries
Germany V.A.T and other Taxes - The WorldWide-Tax.Com
Germany V.A.T and other Taxes - The WorldWide-Tax.Com
Every time eh, Walter? Seems that isn't the case in the US currently.
Also, how about the governments bottom line? Oh Ya, you're one of those delusional conservatives who talk the "fiscal" game but play it entirely different.
60% of the time, it works every time.
You're confusing popular with correct. If they had of done the right thing, they would have cut spending at the same time as they cut revenues from the tax.
If you were the PM at the time, minority Govt, all the opposition parties screaming for spending, you would have cut spending.
The government of the day is responsible for the business that Ottawa passes. If my financial position was close to zero, I would not take on a new mortgage when I know I'm about to take a pay cut. That's what happened. The GST should never have been cut, Brian Mulroney get's no credit for the reduction of the deficit. The Liberals could never have cut our debt as much as they did without the GST. And now it looks like we're back into a structural deficit...
I think the prudent thing to do is cut services, and bring the GST back up to 7%. The future isn't so rosy, and I don't want to be in a situation like Greek tax payers, 20 years from now.
When they cut the GST in 2008 Canada had a surplus even with an increase in spending. It was perfectly reasonable to lower taxes when they could.
Any Minority would have done the same, except the NDP who would have really rolled the cash out. I think the GST should raise 1 percentage point per year till it is around the 10-12 mark. Also rebates for GST for low income along with raising the basic rates to a higher level would need to be done as well.
Close the small ass tax deductions as well.
A consumption tax is the fairest tax around.
Now there is a statement by someone with no clue about economics. Sounds right out of the dipper handbook.
Reread my post. Actually the one before this. Business does not pay tax. And small business is the perfect example of why I am right. But then I'm fairly sure I have run a business for at least a decade longer than you have.
The whole point of being in business is to produce a profit. Also the greater the risk the greater the potential reward must be or there is no point. Not many people are willing to but up with all the risk and hard work of running a business just to break even.
Not if lower incomes have taxes lowered. it produces savings, which over the long term are more beneficial to the country. Spending for the sake of having toys is why the average consumer debt ratio is way to high. It is unsafe for the economy.
Tell that to restaurant owners. We use to go out often when it was just one tax. With HST? hardly ever.