From: Canuck57@nospam.com   
      
   On 13/01/2012 10:07 AM, abc wrote:   
      
   > Related   
   > William Watson: Your taxes at work   
   > The study’s basic conclusion is that the income tax, which accounts for   
   > 55% of federal tax revenues, is indeed progressive. In total, 24 million   
   > Canadians filed income taxes in 2008, the most recent year for which data   
   > are available. Of those 24 million, only 14 million actually paid any net   
   > tax. Fully seven million received net cash from the tax system, while   
   > another three million neither received nor paid.   
      
   Hey, if you only make $20K/year and have a dependant, you don't pay   
   income tax.  Makes sense.  The people not paying income taxa re low   
   income, even if they are "rich".   
      
   Case in point, a couple each with $1M in the bank getting 1% interest,   
   CPP, OAS, they don't pay much income tax as while they are "rich" the   
   income is only $10K each.   
      
   > The 1% of tax-filers, the 240,000 or so who made $216,412 or more in   
   > 2008, saw their incomes fall almost 20% as a result of federal income   
   > taxes. At the minimum income for that bracket, 20% is $43,000, which   
   > ain’t beanbag. And most people in that bracket paid more. For their part   
   > the 2.1 million who made between $80,556 and $216,411 and therefore   
   > constituted the rest of the top 10% lost almost 15% of their income to   
   > the tax person.   
      
   I am not sure I believe those numbers, as while I was earning $100K for   
   a few years, 40% of it went to taxes as I only had one deduction.  Yep,   
   $40K to government in one form or another.   
      
   So unless you have 18 kids for deductions, anyone earning over $100K is   
   paying a huge amount of taxes.   
      
   The 0.0002% Occupty protestors, otherwise known as fleabaggers, were   
   always wrong about who pays taxes.   
      
   One thing not mention is Canada has a very high hiddent tax rate that   
   screws rich and poor for government greed.   
      
   Take cheese, poor have to eat.  In Canada, $12.99 for a brick, in the   
   USA the same product but the same plant/manufacturer is $4.65.   
      
   Hey, you live in Canada, you need a winter jacket right?  How many know   
   how much taxes are really in that jacket?  The last one I bought, if I   
   had bought it in Ontario would be, 18% customs and excise, 2% in customs   
   fees, 15% in HST, double the costs of transportation because of   
   Canadians costs, more at retail as the clerk and business pay more in   
   civic/prov/fed in taxes... the flipping jacket is well over 50% taxes!   
      
   Just government greed gone mad.  We are all taxed are lot more than we   
   think we are.   
   --   
   No mater how liberally you try to ignore rationality and reality,   
   reality always wins in the end.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)