Don’t be surprised by Liberal taxation hypocrisy

tay

Hall of Fame Member
May 20, 2012
11,548
1
36
Tom Parkin duly slams the Libs for a "middle class" tax message being used to sell a giveaway to the rich:


There’s been massive anger at U.S. President Donald Trump’s recent “middle class tax cut”—and especially his deceptiveness, since his tax cut actually pays the biggest benefit to affluent Americans, not the middle class.

Oddly, there’s been very little analysis of our own Finance Minister’s “middle class tax cut”—which, like Trump’s, pays the maximum benefit to highest incomes.

So let’s start.

Here’s the blunt facts: the tax cut by Finance Minister Bill Morneau gives $0 to anyone earning under about $45,000. Then the benefit starts phasing in. At $90,000, the benefit is $670. And every person earning over $90,000—even people with million dollar paycheques—gets the $670.

University of Laval economist Stephen Gordon recently pointed out that a $90,000 income is in the top 10% in Canada.

And according to Statistics Canada’s most recent full report of tax filing data, the middle point of Canadian incomes was $33,920 in 2015. That means half of all income earners are above $33,920, half are below.

The facts don’t lie. Morneau is giving $670 a year to everyone with a top 10% income. He’s giving $0 to actual middle income earners. His words are deceptive. It’s a tax cut for the affluent.

Of course, nobody would vote for an upper class cut taxes. So the Liberals said it was a middle class tax cut and hoped you wouldn’t figure it out.

more

PARKIN: The blunt facts about Morneau’s tax cut for the rich | Toronto Sun
 

Angstrom

Hall of Fame Member
May 8, 2011
10,659
0
36
Its about time people who actually do something get taxed less. This should help me out in March.
 

Retired_Can_Soldier

The End of the Dog is Coming!
Mar 19, 2006
12,395
1,367
113
60
Alberta
We got the government the majority voted for. Harper shouldn't have made a ban on the Niqab the centerpiece of his campaign. Voter backlash was fierce, because whether you agree or disagree with the issue, we can all agree the government should spend more time running the country rather than telling people what to wear.

or

Unless it's Quebec, Quebec is the bread basket of all that is great in Prime Ministers and should be able to not only tell people what to wear, but all the other provinces what to do. Which is why we need more politicians from Quebec than Alberta. Because when we have politicians from Quebec the country is run better.

--The Liberal Mantra
 

taxslave

Hall of Fame Member
Nov 25, 2008
36,362
4,340
113
Vancouver Island
Tom Parkin duly slams the Libs for a "middle class" tax message being used to sell a giveaway to the rich:


There’s been massive anger at U.S. President Donald Trump’s recent “middle class tax cut”—and especially his deceptiveness, since his tax cut actually pays the biggest benefit to affluent Americans, not the middle class.

Oddly, there’s been very little analysis of our own Finance Minister’s “middle class tax cut”—which, like Trump’s, pays the maximum benefit to highest incomes.

So let’s start.

Here’s the blunt facts: the tax cut by Finance Minister Bill Morneau gives $0 to anyone earning under about $45,000. Then the benefit starts phasing in. At $90,000, the benefit is $670. And every person earning over $90,000—even people with million dollar paycheques—gets the $670.

University of Laval economist Stephen Gordon recently pointed out that a $90,000 income is in the top 10% in Canada.

And according to Statistics Canada’s most recent full report of tax filing data, the middle point of Canadian incomes was $33,920 in 2015. That means half of all income earners are above $33,920, half are below.

The facts don’t lie. Morneau is giving $670 a year to everyone with a top 10% income. He’s giving $0 to actual middle income earners. His words are deceptive. It’s a tax cut for the affluent.

Of course, nobody would vote for an upper class cut taxes. So the Liberals said it was a middle class tax cut and hoped you wouldn’t figure it out.

more

PARKIN: The blunt facts about Morneau’s tax cut for the rich | Toronto Sun

Few people making under 45000 pay any income tat to start with so obviously they would get zero tax cut.
 

Angstrom

Hall of Fame Member
May 8, 2011
10,659
0
36
We got the government the majority voted for. Harper shouldn't have made a ban on the Niqab the centerpiece of his campaign. Voter backlash was fierce, because whether you agree or disagree with the issue, we can all agree the government should spend more time running the country rather than telling people what to wear.

or

Unless it's Quebec, Quebec is the bread basket of all that is great in Prime Ministers and should be able to not only tell people what to wear, but all the other provinces what to do. Which is why we need more politicians from Quebec than Alberta. Because when we have politicians from Quebec the country is run better.

--The Liberal Mantra

I felt like Oil price crashing was his real Waterloo