How much tax does the average Canadian millionaire pay?

JLM

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Economically speaking, one's income is a pretty good measure of how much one benefits from the infrastructure and structure of government.


Yep..........................in a fairly small percentage of cases!

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.


Well as far as thoroughfares and bridges are concerned, in this modern age there is the technology of cameras that can capture license plate numbers and can even record the exact time and date. :) :)
 

petros

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Nov 21, 2008
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Agreed isn't there a private bridge that is going to be built to twin a public one that is also going to be built in Southern Ont. to Michigan

No idea. I'm talking about roads built by business that have opened up areas to recreation, connected remote people to civilization, or partnered with Govt.
 

Bar Sinister

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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?
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Oh, I see.

You have it backwards Warren Buffett.... Your donations are calculated against the taxable income that is later determined, not the other way around.


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Yes, really, Adam Smith. The wealthier a person is the more likely they are to use all sorts of facilities paid for by government, such as recreational facilities; airports; universities; and the roads and other infrastructure that go into malls and industrial parks. Here is one that should be right up your alley - who is paying for the upgrades to the highway going to Fort McMurry? It certainly is not big oil.

And what does charity have to do with taxation? If you are stating that donating to charity lowers your income tax then you are correct. I just don't know how that is connected to the topic.


There's that "fair share" term again. :roll:

So what is a fair share in your opinion?

What do you think it is? I think it should be equivalent to what a wealthy person gets out of society.

It`s their money, they can do with it whatever they want


Of course it is their money. But when they send it in some of the ways mentioned it is obvious that some people have more money than brains. I would much rather have that sort of money spent in a manner that is more to the benefit of society as a whole; let's say by raising the wages of those who actually hold society together.

No idea. I'm talking about roads built by business that have opened up areas to recreation, connected remote people to civilization, or partnered with Govt.

Right. May we have an example of such a road? To my knowledge most communication infrastructure is built by government and then used by industry. It certainly is in Canada.
 

JLM

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[/ who is paying for the upgrades to the highway going to Fort McMurry? It certainly is not big oil.




Of course it's big oil, along with a little bit chipped in from other industry. The expense comes out of Gov't coffers- the Provincial gov't paying the lion's share! It's not rocket science! :) :)


 

Bar Sinister

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What percentage of tax money do you think is squandered? 40%, 50%, 60%? When a rich man makes a charitable donation almost every dollar is an effective dollar compared to the "empty" dollars he's forced to donate by most wasteful bureaucraps! :)




We seem to have the usual two or more threads going on this topic. I am only going to respond in one of them.
 

pgs

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Yes, really, Adam Smith. The wealthier a person is the more likely they are to use all sorts of facilities paid for by government, such as recreational facilities; airports; universities; and the roads and other infrastructure that go into malls and industrial parks. Here is one that should be right up your alley - who is paying for the upgrades to the highway going to Fort McMurry? It certainly is not big oil.

And what does charity have to do with taxation? If you are stating that donating to charity lowers your income tax then you are correct. I just don't know how that is connected to the topic.




What do you think it is? I think it should be equivalent to what a wealthy person gets out of society.




Of course it is their money. But when they send it in some of the ways mentioned it is obvious that some people have more money than brains. I would much rather have that sort of money spent in a manner that is more to the benefit of society as a whole; let's say by raising the wages of those who actually hold society together.



Right. May we have an example of such a road? To my knowledge most communication infrastructure is built by government and then used by industry. It certainly is in Canada.
CPCN telecommunications is owned by government ?
 

taxslave

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Bar Sinister; Right. May we have an example of such a road? To my knowledge most communication infrastructure is built by government and then used by industry. It certainly is in Canada.[/QUOTE said:
Most logging roads in BC. Some are also built by government and loggers must pay a fee for using them while the public enjoys free use.

With the amount of tax revenue Alberta receives from the oil sandsoperations I would say they more than pay for any infrastructure.

It`s their money, they can do with it whatever they want

All of which creates jobs for working people. When the so called rich are overtaxed they tend to leave and take much of their spending elsewhere which costs real jobs.
Still short of a definition of fair share.

CPCN telecommunications is owned by government ?

Apparently so id SHaw, Bell, Telus.
 

JLM

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We seem to have the usual two or more threads going on this topic. I am only going to respond in one of them.
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Perhaps you can enlighten us! Which other threads deal with millionaire's income tax?

All of which creates jobs for working people. When the so called rich are overtaxed they tend to leave and take much of their spending elsewhere which costs real jobs.


Something smart people have known for hundreds of years. Something that Pretty Boy and a lot of Dippers can't seem to get through their thick heads.
 

pgs

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What is CPCN telecommunications?
It was the company that set up instant telecommunications across Canada . It was jointly owned by CN Rail and CP Rail . It has since changed hands and gone through a number of name changes . Look it up , an interesting history .
 

captain morgan

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Yes, really, Adam Smith. The wealthier a person is the more likely they are to use all sorts of facilities paid for by government, such as recreational facilities; airports; universities; and the roads and other infrastructure that go into malls and industrial parks. Here is one that should be right up your alley - who is paying for the upgrades to the highway going to Fort McMurry? It certainly is not big oil.



I find it extremely interesting that you reference Adam Smith, considering that he died in 1790, your extrapolating parallels to rec facilities, airports and malls is nothing short of hilarious.

Regardless, the largest portfolios paid for by gvt are education and healthcare. These are used on a per capita basis and have little to do with the income demographic being the deciding factor. If you want to cherry pick select examples, consider public libraries, transit and social services and then get back to me on per capita use by income demographic


And what does charity have to do with taxation? If you are stating that donating to charity lowers your income tax then you are correct. I just don't know how that is connected to the topic.


It has to do with this comment you made:


And I would be very happy to pay almost no tax so that I could increase my charitable donations.


It's back asswards that leads me to question your overall understanding


What do you think it is? I think it should be equivalent to what a wealthy person gets out of society.


You're making the case for 1 or 2 levels of income tax with a consumption tax on top.

Of course it is their money. But when they send it in some of the ways mentioned it is obvious that some people have more money than brains. I would much rather have that sort of money spent in a manner that is more to the benefit of society as a whole; let's say by raising the wages of those who actually hold society together.

How someone opts to spend their cash is entirely their own business. punishing someone for succeeding results in dragging everyone down to the same common denominator

Right. May we have an example of such a road? To my knowledge most communication infrastructure is built by government and then used by industry. It certainly is in Canada.

Tons of them.... Many at the sole cost of an industry and as JLM pointed out, many indirectly
 

Twin_Moose

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Right. May we have an example of such a road? To my knowledge most communication infrastructure is built by government and then used by industry. It certainly is in Canada.


The Highway connecting Conklin to Ft. Mac was first built as an ice road by loggers then improved by the oil companies finally improved to transportation standards and paved by the Prov. as a year round road for everyone.
 

TenPenny

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It was the company that set up instant telecommunications across Canada . It was jointly owned by CN Rail and CP Rail . It has since changed hands and gone through a number of name changes . Look it up , an interesting history .



You mean CNCP Telecommunications?
I remember we had a Telex machine from them.