Tax increases for Canadians

[Trex]

Media reports the following gleaned from Statscan.

"The Canadian Consumer Tax Index compares how much the average taxpayer forks out today, compared with 1961, posing the question: Are Canadians getting enough bang for their bucks?

It finds taxes have grown more rapidly than any other single item of expenditure for the average family. Last year, that added up to 41.8% of income, compared to 33.5% in 1961".
Link:http://news.nationalpost.com/2014/0...they-spend-on-food-shelter-clothing-combined/


Who do you feel is more likely to raise taxes even higher on Canadians in the future:

Stephen Harper and the CPC ?
Or
Justin Trudeau and the LPC ?

Who do you think is more likely to reduce taxes on Canadians in the future:

Stephen Harper and the CPC ?
Or
Justin Trudeau and the LPC ?

 

[B00Mer]

Justin Trudeau, will raise taxes, allow Sharia Law in Canada, and piss off Alberta like his daddy did.

Fun With Jihad & Shari'a

 

[JLM]

Justin Trudeau, will raise taxes, allow Sharia Law in Canada, and piss off Alberta like his daddy did.

Fun With Jihad & Shari'a

Yep, one thing you can be absolutely sure of- Jr. will not benefit the man packing the lunch bucket in any way shape or form!

 

[B00Mer]

LPC trying to get a new tax revenue, who cares who it hurts.

 

[Kreskin]

Media reports the following gleaned from Statscan.

"The Canadian Consumer Tax Index compares how much the average taxpayer forks out today, compared with 1961, posing the question: Are Canadians getting enough bang for their bucks?

It finds taxes have grown more rapidly than any other single item of expenditure for the average family. Last year, that added up to 41.8% of income, compared to 33.5% in 1961".
Link:Canadians pay 42% of income in tax — more than they spend on food, shelter, clothing combined | National Post


Who do you feel is more likely to raise taxes even higher on Canadians in the future:

Stephen Harper and the CPC ?
Or
Justin Trudeau and the LPC ?

Who do you think is more likely to reduce taxes on Canadians in the future:

Stephen Harper and the CPC ?
Or
Justin Trudeau and the LPC ?

Stephen Harper is the guy who hosts the already rapidly grown tax burden. What are the chances he will reduce them in future? Probably none.

 

[B00Mer]

Stephen Harper is the guy who hosts the already rapidly grown tax burden. What are the chances he will reduce them in future? Probably none.

REALLY?? Really??

Federal tax cuts since 2005 net Canadians $30 billion - Macleans.ca

 

[lone wolf]

Conservatives have been working against dual citizenship....

Dual Citizenship | National Post

 

[B00Mer]

Conservatives have been working against dual citizenship....

Dual Citizenship | National Post

...for those who engage in terrorism.

Good idea, won't effect me with Canadian/US citizenship, or Ted Cruz :lol:

 

[lone wolf]

In some places, preaching death to everyone of a targeted group is called terrorism. Beware what you post....

 

[Kreskin]

REALLY?? Really??

Federal tax cuts since 2005 net Canadians $30 billion - Macleans.ca

Then ask yourself why you are paying more taxes.

 

[tay]

The Fraser Institute’s annual Consumer Tax Index report generated some media buzz with its outlandish claims about just how much taxes have risen since 1961.


Before you get worked up about this, consider that 1961 was over half a century ago, before the time of universal health care that we all benefit from, before the Canada Pension Plan and the Guaranteed Income Supplement that hugely reduced poverty for seniors, before the Canada Child Tax Benefit which is helping lower child poverty (though not enough!).There are big problems with the Fraser Institute report’s methodology which lead them to grossly overestimate the tax bill of the average Canadian family.


The Fraser Institute misleadingly includes all business taxes, import duties and resource royalties in the tax bill of the average family. The argument that the average Canadian family pays for all business taxes is simply not convincing for two reasons. First, even if individuals ultimately pay all business taxes, it’s not necessarily Canadians that pay them (think of all the stuff we export).


Recent research from the US pegs the split at 80/20. Given how unequally distributed shareholder profits and investment earnings are, taking an average of taxes paid by workers and shareholders is meaningless and grossly overestimates what average Canadian families pay.


While the Fraser Institute report doesn’t tell us what a typical Canadian family actually pays in taxes, it gives a rough idea of trends in the total tax bill in Canada over the last 50 years. Business and personal taxes rose as a share of family income in the 1960s and then again between 1975 and 1985. But taxes have been cut significantly since 1999 (by about 5% of income) and are lower than they were in 30 years ago in the 1980s.


What neither of these charts tells us, however, is that the type of taxes Canadians pay have changed a lot, eroding the fairness of the system. Progressive taxes which ask higher income Canadians to pay higher rates (like the personal income tax) have shrunk as a share of the total tax bill while regressive taxes like the GST and other consumption taxes have gone up, taking up a higher share of incomes for lower-income households than from higher-income households.




more




How have taxes changed over the last half century | CCPA Policy Note

 

[Walter]

How have taxes changed over the last half century | CCPA Policy Note

CCPA = Communism first, second, and third.