Canada's richest 1% earned $454,800 average in 2013 and paid $151,900 in tax

[J0E]

Oh so it's up by a max of 5% by the look of things.  



Hey Shen, welcome to how the rest of us do things.

Times four and that is how my family is being charged more for the privilege of Rachel Notley's government.

 ac_unsure

Well if that's the case, why didn't you vote for a party which could advance your financial well-being?



You said somewhere in another thread that you don't vote in elections because of your faith.

[Anonymous]

20% total?

Twenty percent more..



This is on top of all the other new charges and fees we must pay for the privilege of having Rachel Notley as our premier.

 :001_rolleyes:

Have you signed the petition to recall Nothead's government yet?

[RW]

20% total?

Twenty percent more..



This is on top of all the other new charges and fees we must pay for the privilege of having Rachel Notley as our premier.

 :001_rolleyes:

Okay...



But according to what I am reading, it's not 20% in addition to the 10% you already pay...



Taxable Income Rates - Alberta

$125,001 – $150,000   =  10.5%(2015)   12%(2016)

$150,001 – $200,000   = 10.75%(2015) 13%(2016)

$200,001 – $300,000    = 11%(2015) 14%(2016)

>$300,000 = 11.25%(2015) 15%(2016)



http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-hikes-personal-corporate-taxes.html">http://www.pwc.com/ca/en/services/tax/b ... taxes.html">http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-hikes-personal-corporate-taxes.html



At the most, there is an increase of 5% when you are over $300,00 in 2016 so I have no idea WTF you guys are talking about.



 

[Anonymous]

20% total?

Twenty percent more..



This is on top of all the other new charges and fees we must pay for the privilege of having Rachel Notley as our premier.

 :001_rolleyes:

Okay...



But according to what I am reading, it's not 20% in addition to the 10% you already pay...



Taxable Income Rates - Alberta

$125,001 – $150,000   =  10.5%(2015)   12%(2016)

$150,001 – $200,000   = 10.75%(2015) 13%(2016)

$200,001 – $300,000    = 11%(2015) 14%(2016)

>$300,000 = 11.25%(2015) 15%(2016)



http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-hikes-personal-corporate-taxes.html">http://www.pwc.com/ca/en/services/tax/b ... taxes.html">http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-hikes-personal-corporate-taxes.html



At the most, there is an increase of 5% when you are over $300,00 in 2016 so I have no idea WTF you guys are talking about.



 

Those numbers are wrong. We had a flat rate of 10% before Nothead. People making over $125K had there taxes raised 20%. They now pay 12%. I had my taxes raised 30% because I make over $200k.

[RW]

20% total?

Twenty percent more..



This is on top of all the other new charges and fees we must pay for the privilege of having Rachel Notley as our premier.

 :001_rolleyes:

Okay...



But according to what I am reading, it's not 20% in addition to the 10% you already pay...



Taxable Income Rates - Alberta

$125,001 – $150,000   =  10.5%(2015)   12%(2016)

$150,001 – $200,000   = 10.75%(2015) 13%(2016)

$200,001 – $300,000    = 11%(2015) 14%(2016)

>$300,000 = 11.25%(2015) 15%(2016)



http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-hikes-personal-corporate-taxes.html">http://www.pwc.com/ca/en/services/tax/b ... taxes.html">http://www.pwc.com/ca/en/services/tax/budgets/2015/alberta-hikes-personal-corporate-taxes.html



At the most, there is an increase of 5% when you are over $300,00 in 2016 so I have no idea WTF you guys are talking about.



 

Those numbers are wrong. We had a flat rate of 10% before Nothead. People making over $125K had there taxes raised 20%. They now pay 12%. I had my taxes raised 30% because I make over $200k.

Do you have a link or something supporting your claim because I can't find anything that says that.

[Anonymous]

Alberta's flat tax officially dies October 1

http://www.pressreader.com/canada/edmonton-journal/20150619/281487864986318/TextView">http://www.pressreader.com/canada/edmon ... 8/TextView">http://www.pressreader.com/canada/edmonton-journal/20150619/281487864986318/TextView

[RW]

Alberta's flat tax officially dies October 1

http://www.pressreader.com/canada/edmonton-journal/20150619/281487864986318/TextView">http://www.pressreader.com/canada/edmon ... 8/TextView">http://www.pressreader.com/canada/edmonton-journal/20150619/281487864986318/TextView

This article doesn't support your claim.  



Are you sure you aren't doing the whole "sky is falling" shitck Shen?

[Anonymous]

^Well if you think raising income taxes on the middle class by a minimum of 20 percent is good for anyone then you are out of touch with middle class like Fash.



The Alberta advantage was killed off by a bunch of inept social workers and baristas. They will be lucky to wi 10 seats in the next election.

Alberta's new Finance Minister grudgingly admits it, and the province's opposition proclaims it: The old Alberta Advantage is dead.

On July 1, Alberta's corporate tax will go from lowest in the country to middle-of-the-pack, increasing to 12 per cent from 10. Three months later, the 10-per-cent flat tax on personal incomes will be replaced by five new tax brackets. The rate paid by the wealthiest Albertans will increase by 50 per cent, with the top tax rate increasing to 15 per cent from 10 per cent for those making more than $300,000.

http://www.theglobeandmail.com/news/alberta/ndp-tax-hikes-will-spell-the-end-of-traditional-alberta-advantage/article25048010/">http://www.theglobeandmail.com/news/alb ... e25048010/">http://www.theglobeandmail.com/news/alberta/ndp-tax-hikes-will-spell-the-end-of-traditional-alberta-advantage/article25048010/

[RW]

Yes, that is exactly what I wrote in my previous post.  Those making $300,000 or more will go from 10% to 15% in 2016.



I can't find anything that supports this 50% increase claim but I will keep looking.



You, making over $200,000 a year will not be paying 20% MORE in personal income tax.  It's more like 1% for this year and 4% next year.  



Sorry, but as much as you hate the NDP in Alberta, the claim you are making is bullshit my dear.

[Anonymous]

Yes, that is exactly what I wrote in my previous post.  Those making $300,000 or more will go from 10% to 15% in 2016.



I can't find anything that supports this 50% increase claim but I will keep looking.



You, making over $200,000 a year will not be paying 20% MORE in personal income tax.  It's more like 1% for this year and 4% next year.  



Sorry, but as much as you hate the NDP in Alberta, the claim you are making is bullshit my dear.

I said they increased income taxes by a minimum of 20 percent. The increases were not gradual either. They took the full hammer to us. Fash's old man is paying 20 percent more. I am paying 40 percent more. Why on earth would they increase taxes in a recession. This is the most inept, ideologically driven pack of nincompoops I have ever seen elected since we have been in Canada. It makes me sick that I am being charged an additional $8500/year by these morons.

[RW]

Yes, that is exactly what I wrote in my previous post.  Those making $300,000 or more will go from 10% to 15% in 2016.



I can't find anything that supports this 50% increase claim but I will keep looking.



You, making over $200,000 a year will not be paying 20% MORE in personal income tax.  It's more like 1% for this year and 4% next year.  



Sorry, but as much as you hate the NDP in Alberta, the claim you are making is bullshit my dear.

I said they increased income taxes by a minimum of 20 percent. The increases were not gradual either. They took the full hammer to us. Fash's old man is paying 20 percent more. I am paying 40 percent more. Why on earth would they increase taxes in a recession. This is the most inept, ideologically driven pack of nincompoops I have ever seen elected since we have been in Canada. It makes me sick that I am being charged an additional $8500/year by these morons.

I know what you said.  I know it was echoed by Fash.  The problem is, I cannot find one document that supports your claim of an additional 20% to personal income tax rates in Alberta.  I find something that has very different numbers which has been echoed in everything I've read:



Taxable Income Rates - Alberta

$125,001 – $150,000   = 10.5%(2015)   12%(2016)

$150,001 – $200,000   = 10.75%(2015) 13%(2016)

$200,001 – $300,000   = 11%(2015) 14%(2016)

>$300,000 = 11.25%(2015) 15%(2016)



For you to pay an extra $8500/year on $200,000 is a 4% increase not 20%, which again, supports the numbers above.



Now I don't know WTF you and Fash do for a living, but in my world we use math that follows set formulas and rules.  Yours doesn't add up to even close to a 20% increase.



So I'm going to have to say, keep calm Henny Penny.  Your sky isn't falling.  It's just turning the same colour as the rest of ours.

[Anonymous]

Didn't the PC government plan to scrap the flat tax before they were defeated? But, the NDP went overboard with the increases. I can see raising it by up to 1% on high income earners or a ten percent increase, but 20-50% increases? That amounts to confiscation.

[RW]

The thing is 20%-50% is absolute BULLSHIT!



I can't believe people are actually buying into that crap.



And yes, the PC had plans to raise personal taxes.

[Anonymous]

The thing is 20%-50% is absolute BULLSHIT!



I can't believe people are actually buying into that crap.



And yes, the PC had plans to raise personal taxes.

Last time I checked 15 is 50% more than 10. What I can't believe is people voted for a party that promised to raise their taxes. Then again we elected a majority government at the federal level that promised to run deficits.

[Anonymous]

Oh so it's up by a max of 5% by the look of things.  



Hey Shen, welcome to how the rest of us do things.

Times four and that is how my family is being charged more for the privilege of Rachel Notley's government.

 ac_unsure

Well if that's the case, why didn't you vote for a party which could advance your financial well-being?



You said somewhere in another thread that you don't vote in elections because of your faith.

I place my faith in a higher power than politicians.