Canadians say rich should pay more tax

Walter

Hall of Fame Member
Jan 28, 2007
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Corporations don't pay tax, they pass it on to the consumer.
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
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Vancouver Island
That's a fair compromise.

Getting rid of subsidy programs is usually safer than just raising taxes.

I'm good with that. No more welfare. No more taxpayer subsidised social programs like healthcare and free dental for the poor. Make them pay their own way just like the rest of us.
 

captain morgan

Hall of Fame Member
Mar 28, 2009
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A Mouse Once Bit My Sister
Corporations don't pay tax, they pass it on to the consumer.

Where the money comes from

During 2011–12, the federal government recorded $245.2 billion in revenues.
These revenues came from:
Personal income tax – $119.3 billion, or almost 49 cents of every dollar raised in revenues.
Corporate income tax – about $31.7 billion, close to 13 cents of every dollar.
Goods and Services Tax – $28.4 billion, or 11 cents of every dollar.
A number of other taxes—such as non-resident withholding taxes, customs import duties, energy taxes and excise taxes and duties on alcohol and tobacco—made up $20.0 billion, or 8 cents of every dollar raised in revenues.
As well, Employment Insurance premiums contributed $18.6 billion to federal revenues, roughly 8 cents of every dollar in revenues.
And other revenues—such as earnings by Crown corporations and revenues from the sale of goods and services—provided the remaining $27.3 billion, or 11 cents of every tax dollar.


Archived - Your Tax Dollar: 2011-2012 Fiscal Year