He could have had employees like you...
oh, but then his name would likely have been Mr Welfare
How much tax does the average Canadian millionaire pay?
- Thread starter JLM
- Start date
He could have had employees like you...
oh, but then his name would likely have been Mr Welfare
He could have had employees like you...
oh, but then his name would likely have been Mr Welfare
Yes, indeed, and we eat pizza every day. It's awesome, you should try it.
He could have had employees like you...
oh, but then his name would likely have been Mr Welfare
It's pointless to have this discussion with one that has no idea whatsoever what it takes to operate a business, let alone the myriad of risks and obstacles.... The logic is Floosy-esque in nature, meaning you'd have a deeper and more relevant discussion with a 4 year old on astrophysics
Really?
Exactly how does a business owner, personally make greater use of the infrastructure?
You have it backwards Warren Buffett.... Your donations are calculated against the taxable income that is later determined, not the other way around.
You need a real job to pay taxes....\being a government check casher and internet lawyer still doesn't count. lol
Then I suggest you stay out of the discussion. Because you know nothing about business.
There's that "fair share" term again. :roll:
So what is a fair share in your opinion?
Lemme guess, your astute observations are based on the decades of your operating your own businesses.
... Thanks for coming out. lemme see if Vanna can dig up a consolation prize for ya
Lemme guess, your astute observations are based on you having not a single clue about anything.
Here's your chocolate milk.
I always find it so sad when someone like yourself so completely proves that they can talk the talk, but can't walk the walk.
Allow me to elucidate. Let us compare, say, the wealthy owner of an import-export company vs. the barista at your local Barstucks. Imp-ex has an annual income of $3,000,000, on trade of $120,000,000 and Skippy the Barista has an annual income of $35,000.
Imp-ex makes much more use of the roads, rails, and ports of Canada, all of which are maintained, in whole or in part, by taxpayer dollars. More to the point, he profits, in cash terms, by his use thereof far more than Skippy the Barista.
It seems reasonable to presume that Imp-ex flies more than Skippy, and therefore benefits far more from the Canadian and international aviation system.
Would it be too political to suggest that Imp-ex benefits more from police and fire protection than Skippy? From the international regime that protects the ships carrying his goods? From the courts to which he has regular resort, and which Skippy, if he's lucky, will never come in contact with?
It's probably reasonable to conclude that Imp-ex benefits more from banking and trade regulations than Skippy.
Both are kept healthy by the provincial health-care system, but Imp-ex also benefits from that system also keeping his employees in the bloom of good health.
Imp-ex got his BS and his MBA from heavily-subsidized universities, whilst Skippy may have derived some benefit to his soul from his two years at the local college studying medieval French poetry, but not much in cash terms. Imp-ex also benefits from the educations his employees received at government expense.
I'm not sure how pensions work in Canada, but in the U.S. both would collect, assuming they live long enough, and Imp-ex would collect more.
Just some examples.
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I highly doubt that it's of any great significance, getting paper delivered for his fax machine. Making deliveries? Getting raw materials to build his products. But all that is probably offset by the gasoline tax he pays.
You're a troll on the internet, you don't walk as far as the fridge.
I'm president of an incorporated company, you're just a child hiding in mommy's basement.
Keep talking.
The imp/ex company makes the use of said infrastructure and pays a bevy of taxes (corp, payroll, fees, licenses, etc, etc) as part of the deal, but that's another analysis/discussion all the same
I specifically incorporated the recognition of how the business owner, personally, makes greater use of the infrastructure
...
Yeah, yeah... It takes all of $400 to incorporate an LTD and be registered as sole shareholder, President, Secretary and Treasurer.
... Now, take that and make some actual money
As they should.
And he does.
Economically speaking, one's income is a pretty good measure of how much one benefits from the infrastructure and structure of government.
Agreed
Perhaps... Regardless, that person is paying a strong multiple for the infrastructure use and, dare I suggest, they are not using that infrastructure to the same multiple as the difference in tax contribution(s)
So like your buddy you aren't making any money now but are happily paying $100k/yr to your 6 friends?
You can be president of Nigeria too if you want...it's the internet where you can be anything
You may dare suggest it, but again, I'm not sure. Even leaving aside your ridiculous separation of "business" life and "personal" life, I'd bet Imp-ex makes far more personal use of structure and infrastructure than Skippy.
But I'm not even sure we're even debating the right question. Until we get some more basic stuff hashed out, arguing over who should pay more, in absolute numbers or by percentage, is just yelling past each other.
I hear ya an do agree... this isn't a black and white circumstance, particularly if we include the services elements like education, healthcare (universal health like in Canada) police, EMT, etc, etc.
A bunch of social issues will complicate the analysis to boot
A bunch of social issues will complicate the analysis to boot
This is addressed with the Excise tax where Imp-ex pays more in fuel tax that is suppose to go back to road repair
Here again addressed in the higher paid fees attached to the ticket sold for airport maintenance
Irrelevant both are protected to the same extent to what they own
Skippy benefits from the regulation changes that trickle down from the evolving world of high finance
Imp-ex employees are also probably benefitting from the benefit package set up that would help Skippy if he applied for work at one of Imp-ex companies
If Imp-ex benefitted from this university good on him because that would mean his family would have qualified him for low income subsidy, and that would mean he was able to live the American dream. If Skippy couldn't qualify that would mean his family had too many assets or he was to lazy to apply.
They would both collect the same amount of Canadian old age and CPP pensions, if Skippy was able to max contribute his CPP deduction. RSP, and other retirement investments would probably be different though.