From: sharx335@hotmail.com
"Canuck57" wrote in message
news:UYr6r.28116$2q1.1426@newsfe06.iad...
> 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.
I would not feel save driving at night in either Costa Rica OR
Mexico. Contrary to what the tourism propaganda claims, driving in
most Latin American countries is NOT a prudent idea.
> --
> 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)
|
