本文发表在 rolia.net 枫下论坛Harper raised income taxes in 2006, which will more than offset any savings to Canadians by reducing the GST.
The income-tax rate was reduced from 16 per cent to 15 per cent for the lowest bracket in 2005. Harper promises to increase it, back to 16 per cent.
The Liberals also increased the basic personal exemption by $500 in 2005.
Harper will claw back $400 of that.
The GST is a regressive tax.
It’s a consumption tax, which collects revenue based on how much we spend.
If you don’t (or can’t afford to) buy things, you don’t pay it, and you would therefore not benefit from a cut to this tax.
The more you spend, the more you save.
Income tax, on the other hand, is unavoidable.
You make money; you pay money.
No consumption required.
If you’re a wage earner, your opportunities to reduce your payable income taxes are slim to none (few write-offs).
The Tory plan, which they tout would save a family of four X number of dollars per year, is misleading as well.
The savings they promise depend on that family spending nearly all of their net income per year on GST taxable stuff.
A lot of the things people need to buy aren’t even GST taxable.
How many people buy that much stuff per year, let alone on things that are GST taxable?
Think about it.
You don’t pay GST on rent or your mortgage (the average person/family’s biggest expense). You don’t pay it on necessities, like diapers, or clothing.
To save $400 (the amount that Harper’s personal exemption reversal will cost each of us), each of us would have to spend $4,000 on GST taxable goods. That’s EACH of us, to get back what Harper’s going to claw back.
A couple would have to spend $8,000 to save what Harper’s reversal of the basic personal exemption cut is going to cost.
That doesn’t even begin to take into account the effect of reversing the income tax reduction. Those that can least afford to pay get the shaft again.
Works well for those that are can afford to spend – not so good for those who don’t have a lot of disposable income.
So the Tories promise, first of all, to reduce a regressive consumption tax, which will benefit those that can afford to spend more, and then they’ll raise the rate on a progressive tax that we pay (income tax).
Two moves that will primarily benefit upper income earners, and hurt those that can least afford to pay more.
Who are the Conservative going to be working for?
They’ve told us, quite clearly, I’d say.
Not lower and middle income earners. Not the average family.
What amazes me in all of this is that the Tories have released these plans during the election.
I hope that Canadians take a good look at the wolf in sheep’s clothing.
Stephen Harper’s promises are as hollow as the Liberals.
Just remember that the deficit that we’ve spent the last 12 years digging out from under was primarily created by the Conservative Party, the last time they were in power.
The “excess taxation” that Harper criticizes the Liberals for is required to pay off our national debt....更多精彩文章及讨论，请光临枫下论坛 rolia.net
The income-tax rate was reduced from 16 per cent to 15 per cent for the lowest bracket in 2005. Harper promises to increase it, back to 16 per cent.
The Liberals also increased the basic personal exemption by $500 in 2005.
Harper will claw back $400 of that.
The GST is a regressive tax.
It’s a consumption tax, which collects revenue based on how much we spend.
If you don’t (or can’t afford to) buy things, you don’t pay it, and you would therefore not benefit from a cut to this tax.
The more you spend, the more you save.
Income tax, on the other hand, is unavoidable.
You make money; you pay money.
No consumption required.
If you’re a wage earner, your opportunities to reduce your payable income taxes are slim to none (few write-offs).
The Tory plan, which they tout would save a family of four X number of dollars per year, is misleading as well.
The savings they promise depend on that family spending nearly all of their net income per year on GST taxable stuff.
A lot of the things people need to buy aren’t even GST taxable.
How many people buy that much stuff per year, let alone on things that are GST taxable?
Think about it.
You don’t pay GST on rent or your mortgage (the average person/family’s biggest expense). You don’t pay it on necessities, like diapers, or clothing.
To save $400 (the amount that Harper’s personal exemption reversal will cost each of us), each of us would have to spend $4,000 on GST taxable goods. That’s EACH of us, to get back what Harper’s going to claw back.
A couple would have to spend $8,000 to save what Harper’s reversal of the basic personal exemption cut is going to cost.
That doesn’t even begin to take into account the effect of reversing the income tax reduction. Those that can least afford to pay get the shaft again.
Works well for those that are can afford to spend – not so good for those who don’t have a lot of disposable income.
So the Tories promise, first of all, to reduce a regressive consumption tax, which will benefit those that can afford to spend more, and then they’ll raise the rate on a progressive tax that we pay (income tax).
Two moves that will primarily benefit upper income earners, and hurt those that can least afford to pay more.
Who are the Conservative going to be working for?
They’ve told us, quite clearly, I’d say.
Not lower and middle income earners. Not the average family.
What amazes me in all of this is that the Tories have released these plans during the election.
I hope that Canadians take a good look at the wolf in sheep’s clothing.
Stephen Harper’s promises are as hollow as the Liberals.
Just remember that the deficit that we’ve spent the last 12 years digging out from under was primarily created by the Conservative Party, the last time they were in power.
The “excess taxation” that Harper criticizes the Liberals for is required to pay off our national debt....更多精彩文章及讨论，请光临枫下论坛 rolia.net