From: Canuck57@nospam.com
On 01/03/2012 10:47 PM, Sharx3335 wrote:
>
>
> "John Fleming" wrote in message
> news:7hk0l71jp1v1h2g3o5ck0i6a7qu1n9jhak@4ax.com...
>> [Default] On Thu, 1 Mar 2012 13:43:09 +0000 (UTC), while chained to a
>> desk in the scriptorium Andrew Chaplin
>> wrote:
>>> $John Fleming wrote in
>>> $news:tvsuk7logmqvdu02u1hr039qfrr8nsqvs5@4ax.com:
>>> $
>>> $> [Default] On Wed, 29 Feb 2012 06:57:29 -0800 (PST), while chained
>>> to a
>>> $> desk in the scriptorium simplicity wrote:
>>> $>
>>> $>> $On Feb 28, 6:53 pm, Sir eel wrote:
>>> $>> $> On Feb 28, 10:15 am, Alan Baggett
>>> $>> wrote: $>
>>> $>> $> > Economists say Ottawa should tax food
>>> $>> $>
>>> $>> $> > 02/25/2012 | Julian Beltrame, The Canadian Press
>>> $>> $>
>>> $>> $> > Two of Canada's leading economists
>>> $>> $>
>>> $>> $> ====================================================
>>> $>> $>
>>> $>> $> ????/ leading economists!
>>> $>> $> two buffons who equate the percentage of of disposable income
>>> $>> spent $> on food is the same for the $600,000.00 income person as it
>>> $>> is for the $> $30,000.00 wage earner.
>>> $>> $> You got two choices these two are idiots or they're paid stooges
>>> $>> $
>>> $>> $To be willing to make oneself look like an idiot for money, one
>>> must
>>> $>> $be an idiot. Period.
>>> $>
>>> $> The problem with taxing food is the people who bear the brunt of the
>>> $> tax increase are lower income earners.
>>> $>
>>> $> While someone in a higher income bracket might spend a bit more per
>>> $> family member than a lower income earner--more expensive cuts of
>>> meat,
>>> $> for example--they don't eat significantly more food.
>>> $
>>> $Whether or not one gets "progressive" results from taxing food all lies
>>> $in the tax credits that one devises. The only people whom tax on
>>> food and
>>> $rent could hit unduly are low income earners who do not file tax
>>> returns.
>>> $
>>> $Tax *everything*--especially legal fees--at a low rate and use tax
>>> $credits to shield the poor.
>>
>> I think, if you really want to help the low income earners, increase
>> the personal exemption for income taxes at a rate faster than
>> inflation.
>>
>> With the personal exemption, essentially the first $11,000 or so
>> income is tax free. Say, over the next five years, you bumped this up
>> to $15,000, and you put more money in the pockets of people who will
>> spend the money on goods and services.
>>
>> While people with high incomes benefit too, they won't benefit to
>> anywhere near the same extent as someone who is trying to make ends
>> meet on less than $24,000 per year.
>
> Most poorer people I know DON'T have to pay any income tax AS IT IS. So,
> John, raising the personal exemption simply lowers the taxes on those
> ALREADY well off enough to STILL pay some taxes. No, in my opinion, the
> best way to get the money to the poorer people WITHOUT the better off
> skimming off through higher person exemptions, is to plump up quarterly
> GST credit system.
They could ease off the employment taxes....which kick in on pretty low
income levels. Yet as John pointed out, tax table creep is happening.
As stated inflation is 3.9% for the last quarter, and real inflation
likely higher, 1% raises in CPP/OAS, basic tax deductions, and inflation
based employment taxes means a value based tax increase for most.
GST credit system is highly inefficient as it is. 29.5% government GA
costs means at most you have is 70% efficiency. Isn't just GST, PST,
excise and tariff costs too.
Buy a winter jacket and 40% of it is taxes one way or another be your
rich or poor. (18% excise, 15% HST, CBSA fees, transportation and fuel
taxes, property/utility/employment taxes for the retailer, all compound
up to at least 40% for most imported goods. Even if domestic made, the
raw materials might be imported and thus excises/tariffed to increase
costs. Tax as inflation.
Just government greed making our lives more expensive and our
manufacturing less competitive.
You can't take a crap without taxes on the toilet paper, the water and
the sewer....non-reoccurring pipes, toilet, building extra.
I don't think you could survive in Canada without paying taxes even if
you didn't work.
Even inflation tax, when government prints money to devalue currency is
a tax on money and incomes.
Everyone pays taxes. They just may not see them. That is why a dental
cleaning is $230 in Canada, and $56 in Costa Rica....or even less in China.
--
Corrupt USA, Euro Bank and Military Regime, funding both sides of
terrorism for profit and debt-tax slavery.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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