New report finds low corporate taxes are harmful to the economy

Cannuck

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Feb 2, 2006
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The tax breaks you used as examples are not exclusive to the top income demographic.

No mistake there

Have you garnered your tax knowledge from Petros?

Well the poor ain't going to pay for it just looking for them to pay some of it

No, you're looking for the wealthy to pay more.

Those are also forms of tax deferral applicable to a small subset of overall income. Claiming a deduction on a home office can result in capital gains upon disposition of that home.

On that note, those tax breaks are not exclusive to any one income demographic and considering that there is presently a progressive tax rate scale in place, the examples you provided are not tax breaks at all, just slightly (and very slightly) less than the maximum.

The home office

Now, are you gonna be like Petros and throw a hissy fit
 

Twin_Moose

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Apr 17, 2017
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Have you garnered your tax knowledge from Petros?



No, you're looking for the wealthy to pay more.

Is that what you got out of all of this? I want the tax rate to drop across the board and make it proportionate to low and high income to pay the same percentage, then no one is getting an advantage in Income tax.

With that I'm out and you can keep your hug and give yourself a reach around while your at it.
 

captain morgan

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Mar 28, 2009
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Have you garnered your tax knowledge from Petros?

My info is the result of my interactions with my accountant and to be perfectly honest, Petros clearly has a strong understanding of these issues whereas you can't really seem to provide any form of info or logic to support your position.

In the end, I doesn't matter to me what your understanding or practices are, that's your row to hoe and/or consequences to face.

Smoke a point of meth and it might make sense.

I first read that as 'a pint of meth'

My initial thoughts might be more applicable
 

Angstrom

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JLM

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"Petros clearly has a strong understanding of these issues whereas you can't really seem to provide any form of info or logic to support your position."


Pete's been trying to explain some elementary logic to him for years, but he's just not swift on the uptake! or you might say the wheel is turning but the hamster is away! :) There's just no cure for "Dumb".
 

mentalfloss

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Jun 28, 2010
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Thanks for proving you're a Nazi. :)

HAHAHAHAHAHA!!!! You smoke to much and that weed aint legal yet!!!!

You're just an average, dumb conbot.

"The stability of the Canadian banking system is not a one-off event," the authors note. "In Canada the banking system was created as a system of large financial institutions whose size and diversification enhanced their robustness.... In the [United States] the fragmented nature of the banking system created financial institutions that were small and fragile. In response the [United States] developed strong financial markets and a labyrinthine set of regulations for financial institutions."

The contrast is striking. While in 2008 and 2009 the United States experienced bank failures, bailouts, and the worst recession since the 1930s, Canada had no bank failures, no bailouts, and its recession was less severe than either that of the early 1980s or early 1990s.


Why Canada Didn't Have a Banking Crisis in 2008
 

Cannuck

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You forgot the reach around

You forgot that you're out

In the end, I doesn't matter to me ...

Well you're already ahead of Petros. It really matters to him that he's wrong.

BTW, your accountant is inept. I'd get a new one (assuming you actually do have one which is doubtful)

Pete's been trying to explain some elementary logic to him for years,

You mean like needing to spend money to get a tax credit? That elementary logic?
 

Cannuck

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I don't think I've ever seen a pissing contest over who best files their taxes.

Neither have I. That isn't the issue. At issue is Pete's lack of understanding when in comes to taxation. The only time he gets anything right is when he cuts and pastes.

Even links to CRA don't make a dent in the stupidity.
 

Cannuck

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How many more people do you need to tell you that you are wrong?

When somebody posts something from CRA that says I'm wrong, then I'm more than willing to say I'm wrong....you know, like when you said you have to spend money to get a tax credit and I supplied the link to the CRA page proving you were clueless. In that instance I will graciously say I was in error. Doing it your way and throwing a temper tantrum is too pathetic for me to even attempt
 

mentalfloss

Prickly Curmudgeon Smiter
Jun 28, 2010
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The results are in...


Canada, more than many countries, has embraced the dubious notion that corporate tax cuts are an economic panacea, a sure way to spur economic growth and drive job creation.

Over the last three decades, successive governments, both Liberal and Conservative, have cut the federal corporate tax rate from 36 per cent to 15 per cent, now among the lowest in the developed world and lower than even in the tax-allergic United States. During this time, corporate profits have soared, yet the purported public benefits of these cuts have by and large failed to materialize.

Touted as among the best ways to create jobs, corporate tax cuts have by most accounts turned out to be no such thing. According to Ottawa’s own numbers, every dollar spent on infrastructure spending, income supports or housing investments is seven times more effective in creating jobs.

https://www.google.ca/amp/s/www.the...e-to-take-another-look-at-our-tax-system.html