By Finn Poschmann of the Fraser Institute
Trudeau's income tax increases have not produced the revenue Trudeau said they would. They have also taken productive hours away from Canadians who need their services.
An old saying explains some folks' tax philosophy: Don't tax you, Don't tax me, tax that fellow behind the tree.
For our federal government since 2015, "that fellow" has meant anyone with an annual income above $200,000.
This means pretty much every obstetrician, anesthetist and dentist has been picked to pay higher income taxes in recent years.
And some veterinarians and fieldworkers, whose incomes can reach numbers like those of bankers and lawyers. Remember, the top 1% of Canadians is still more than 370,000 people.
So, how's it working out? Remember that in late 2015, the newly elected federal government announced a new top income tax rate for "top earners," boosting the federal rate from 29% to 33%.
Because it was pre-announced, everyone able rushed to pull income into 2015 by, for example, selling assets to catch a lower capital gains tax rate and pushing expenses and other deductions into 2016.
Consequently, federal personal income tax revenue jumped in 2015 — and promptly plummeted in 2016. Government revenue has since recovered, but well short of what you would have expected back in early 2015.
Short-term shenanigans aside, what about the longer term when people's choices include more than shifting income or expense timing but shifting themselves elsewhere or working or investing less than otherwise?
People with non-gargantuan incomes can change habits in response to higher tax rates, like by spending more time skiing in Banff or swimming in a Caribbean tax haven.
A recent study by Ergete Ferede of Macewan University (published by the Fraser Institute) raised this long-term question.
Comparing baseline revenue projections to empirical data about how Canadians historically respond to federal tax rate changes, we can make a pretty good estimate.
The study's medium-term estimates show that the federal government does get a little more money, almost in line with its forecasts.
Over time, however, taxpayer responses begin to add up, as taxable income — the federal tax base to which tax rates are applied — grows more slowly than otherwise.
And after about nine years, the study's numbers show federal personal income tax revenue tracking lower than the baseline. Which means the federal tax rate increase causes the government to get less money than had it done nothing, which of course is pain for no gain.
As you would expect.
We are told that if we want less of something, say carbon dioxide emissions, we should tax them more. If we want less smoking, tax it through the roof. And if we want people to earn less income, well, tax it more.
Which takes us to Alberta.
In 2015, the Prentice government opened the gate to tax rate Hades by scrapping Alberta's hard-won flat-rate personal income tax of 10%.
To the surprise of none, after that the province went on to acquire higher tax rates and brackets. And while an oil shock intervened, the province's personal income tax revenue in 2017 was almost exactly where it was in 2014.
Albertans may be disappointed by the Kenney government's quietude on personal income tax rates, but they may be surprised to know that taxpayers outside the province are, too.
That's because Alberta's prior flat-rate heaven was a relative tax haven for Canadians looking for a friendly place to live, work and invest.
Lacking Alberta's competitive tax rate discipline, other provinces have less incentive to restrain their taxing selves, which is less good for everyone. Perhaps Alberta's new premier will appreciate the fiscal folly of trying to tax the fellow behind the tree.
When we had a flat tax rate in Alberta, we not only had balanced budgets, we paid off our debt..
And we did it with low royalty revenues.
Meanwhile, in Oz...
//https://www.9news.com.au/national/tax-cuts-government-secures-crossbench-support-for-158m-plan-politics-news/4629752f-8f59-4d91-811d-90f8336766dc
And we scrapped the carbon tax.
Quote from: "Bricktop"
//https://www.9news.com.au/national/tax-cuts-government-secures-crossbench-support-for-158m-plan-politics-news/4629752f-8f59-4d91-811d-90f8336766dc
And we scrapped the carbon tax.
A tax cut, what's that? Remember, we are Canadians.
It's the same thing that Trump provided to Americans.
You get to pay LESS tax!!!
In theory.
Quote from: "Bricktop"
//https://www.9news.com.au/national/tax-cuts-government-secures-crossbench-support-for-158m-plan-politics-news/4629752f-8f59-4d91-811d-90f8336766dc
And we scrapped the carbon tax.
But don't forget...Australia only awarded itself a tax cut after it posted a balanced budget & a surpkus, BT.
Fool Trump doled out a tax cut the USA cannot afford.
USA added more debt in just 1 year than Australia's national debt since that country was founded.
But don't worry BT.
USA will come hovelking to countries like yours to help baill
them out when theyre really broke!
Thats why they have fiscally prudent countries like yours to keep the less rrsponsible ones afloat.
We like to do our bit for a better world.
Quote from: "JOE"
Quote from: "Bricktop"
//https://www.9news.com.au/national/tax-cuts-government-secures-crossbench-support-for-158m-plan-politics-news/4629752f-8f59-4d91-811d-90f8336766dc
And we scrapped the carbon tax.
But don't forget...Australia only awarded itself a tax cut after it posted a balanced budget & a surpkus, BT.
Fool Trump doled out a tax cut the USA cannot afford.
USA added more debt in just 1 year than Australia's national debt since that country was founded.
But don't worry BT.
USA will come hovelking to countries like yours to help baill
them out when theyre really broke!
Thats why they have fiscally prudent countries like yours to keep the less rrsponsible ones afloat.
Or they can be like Canada and raise taxes and deficits.
For the umpteenth time, revenues are up, not down under Trump. The broad based tax relief has
Federal Tax Revenues Hit Record Highs — Trump's Tax Cuts Paying For Themselves
https://www.investors.com/politics/editorials/federal-tax-revenues-hit-record-highs-are-trumps-tax-cuts-paying-for-themselves/
For fiscal year 2018, which started last October, taxes are up $50.5 billion compared with the same months last year, and are at a record high level for this five-month span.
net receipts are up by $29.6 billion for the current fiscal year — a 2.4% increase — compared with the same period last year. That's also a record high.
And a faster-growing economy means more money pouring in from these other sources.
Payroll taxes, for example, are dependent on the number of people working and their wages. In February, the economy added 313,000 jobs, unemployment levels are now at or near record lows, and wages are climbing.
As a result, payroll taxes brought in $1.5 billion more in February than they did last year, and are up $11.4 billion this fiscal year. Federal excise taxes and customs duties are up $3.8 billion and $1 billion, respectively, this fiscal year.
You and Seoul have told him this before, but he doesn't read posts..
But, he gossip about us on other forums..
I don't understand why a sixty year old enjoys being so nasty all the time.
Yeah!!!
Stupid old people.
Quote from: "Fashionista"
But, he gossip about us on other forums..
I don't understand why a sixty year old enjoys being so nasty all the time.
Incels are an unhappy bunch, and rightfully so.
Quote from: "Herman"
Quote from: "Fashionista"
But, he gossip about us on other forums..
I don't understand why a sixty year old enjoys being so nasty all the time.
Incels are an unhappy bunch, and rightfully so.
The owner of VF provides a platform for attention whoring incels, but it isn't enough for them.
Higher taxes on dentists and chiropractors did not lead to higher revenue for Trudeau's inept regime like he claimed. Not that anyone should trust him with our money.
By by my buddy Aaron Wudrick of the Canadian Taxpayers Federation
We all want Kawhi Leonard to keep playing basketball for the Raptors. We want him to stay so badly that even Canadian politicians are getting into the polite pleading.
"I see lots of businesses offering Kawhi Leonard free food, an apartment and even a houseplant if he stays with @Raptors. So I feel that I should do my part. Hey Kawhi, if you stay we'll give you free health care!" tweeted Health Minister Ginette Petitpas-taylor.
Now, it goes without saying that health care in Canada is not free; we pay for it through our taxes and we pay a lot. And Leonard, like all people with money, is unlikely to wait on a waiting list for treatment when he can easily pay for care outside our borders.
For now, let's set all of that aside. As far as "area politician tries to show she's hip to current events," the minister's tweet was pretty unremarkable. But it sure offered an interesting contrast to the usual attitude many politicians take when it comes to trying to get wealthy people to stay in the country.
Consider for a moment how most politicians would view any non-celebrities earning Leonard's income of $26 million per year. It definitely would not involve offering them free stuff. More likely is that their first observation would be that they probably aren't paying enough in taxes, even though th[size=150]e top one per cent of earners in Canada already pays 18% of all income taxes.
[/size]
It is obvious why the rich are an easy target for politicians. They're an awfully unsympathetic lot. With millions of Canadians struggling just to fill their gas tanks or pay the rent, it's pretty hard to get choked up about people in the market for a second yacht. And on a practical level, there's an implicit assumption that when you hike taxes on the rich, they'll barely even notice.
But it turns out they do notice — and change their behaviour accordingly.
[size=150]A recent study by the Fraser Institute projects that the recent federal tax increase imposed on high-income earners will yield extra revenue for just nine years — and after that will leave the government with less revenue from this group.
[/size]
Why? Behavioural responses. When tax rates change, incentives change. Some people work less; others undertake more aggressive tax planning. A few even leave the country.
Worst of all for soak-the-rich proponents, there's evidence that the people most sensitive to tax increases are also the richest.
At this point, defenders of soaking the rich usually respond in one of two ways.
The first is to deny that incentives matter and assume the rich won't mind. It's a tricky argument because incentives affect different people differently. Most people still need to buy gas to get to work even if the price goes up 5 cents per litre, but Leonard can easily save millions by picking a team in a low-tax jurisdiction.
The other response is to get angry: if these rich jerks don't want to pay their fair share, they can just leave! But most progressive taxation proposals pin ever higher spending on plans to squeeze a handful of rich people. If that spending depends on a small group of people, it's probably unwise to make that small group even smaller.
It goes without saying that there aren't a lot of folks offering "regular" rich people free health care, a penthouse suite at the Four Seasons or even a lifetime supply of Kraft Dinner.
Leonard is a pretty lucky guy. He's rich, but still beloved. He has the public, and politicians, tripping over themselves to keep him here.
Imagine if other wealthy people got a Kawhi-like welcome. If more of them lived in Canada, they'd cover even more of our tax bill. And we'd be more competitive, in basketball and everything else.
About Trudeau raising the top tax bracket to 33% from 29. It's not possible at CP, but at CN they have a few engineers making over two hundred grand a year. That is because they have longer trains, and better bonuses for length and marshalling. Anyway, I hear senior hogheads are working less rather than pay more to Ottawa.
As much as I am a fan of reforming federal income taxes, the provincial equalization formula no longer serves the needs of the nation either. In fact, it holds back economic development.
By Franco Terrazzano of the Canadian Taxpayers Federation
Ottawa gave Alberta's struggling energy industry a body blow by passing legislation to ban tankers on the West Coast and make the pipeline approval process virtually impossible. It's tempting to seek retribution. So tempting. But there's a better way for Premier Jason Kenney to stand up for Alberta and strengthen Canada: reform equalization.
The Trudeau government passed the Tanker Ban Bill (Bill C-48) and the No More Major Projects Bill (Bill C-69) at the last minute before it rises for the summer and hits the campaign trail for the fall election.
Both bills have come under fire in Alberta.
"[The Tanker Ban] is a prejudicial attack on Alberta, banning from Canada's northwest coast only one product – bitumen – produced in only one province, Alberta," stated Kenney. "[The No More Major Projects Bill is] leading energy industry groups to say that no future pipeline will ever be proposed under this regime."
These laws are just the latest example of politicians kicking Alberta's resource sector while it's down. Quebec's premier calls Alberta oil "dirty energy." British Columbia's politicians have promised to use "every tool available" to block the Trans Mountain expansion.
Then there's the feds who rejected the Northern Gateway Pipeline, moved the regulatory goal posts on Energy East and showered B.C. with infrastructure money even after the province attempted to block Trans Mountain. After all of these hits to Alberta's industry, it's not surprising that Kenney responded to the passing of the federal No More Major Projects Bill and the Tanker Ban by threatening action on equalization. Not only is Kenney standing up for Alberta taxpayers by taking on equalization, he could also help rejuvenate Canada's bludgeoned resource sector from coast to coast. Through equalization, the federal government transfers money to low-income provinces. It sounds nice, but in reality equalization tempts politicians to make bad decisions such as opposing resource development.
"If a have-not province sees an increase in natural resource revenues, the extra money is largely offset by a reduction in equalization payments," explains the Fraser Institute's Ben Eisen.
We've seen equalization-receiving governments continue to ban resource development.
Under former premier Pauline Marois, Quebec's government imposed a moratorium on shale gas exploration in the St. Lawrence Lowlands. In 2018, the Quebec government announced a series of new measures that would ban fracking province-wide and tighten oil and gas drilling. These limits were imposed despite the existence of up to 36 trillion cubic feet of recoverable natural gas in the St. Lawrence that is estimated to be worth between $68 billion and $186 billion.
Nova Scotia also placed a ban on development which limits most of the province's onshore natural gas resources pegged to be worth between $20 billion and $60 billion.
There are different ways Kenney could improve equalization, but the key to addressing its bad incentives is stopping its growth. The larger the equalization cheque, the more likely politicians are to kibosh development. Kenney should also explore changes that would specifically target equalization's negative impact on resource development.
Taking on equalization may never be a political breeze in Canada, but there are some provinces on the receiving end that are now receptive to change. Both New Brunswick Premier Blaine Higgs and Quebec Premier François Legault have acknowledged that the right path forward for "havenot" provinces is to focus less on equalization and more on growing the economy.
Fixing equalization isn't a silver bullet for our resource sector. But Canadians will be more united in the fight against laws such as the Tanker Ban and the No More Major Projects Bill when we all recognize the need to rely on a growing economy to pay for important services.
Quote from: "JOE"
Quote from: "Fashionista"
But, he gossip about us on other forums..
I don't understand why a sixty year old enjoys being so nasty all the time.
Theres absolutely nothing wrong with a tax break for everyone as long as it does not break the bank.
Australia has shown the proper way to do it.
The USA under Trump is the wrong method.
Joe Canada is in an equally perioulous situation as the US, Australia is only has a surplus because they are selling its mineral wealth heavily to China at discount prices, but this won't last forever, like texan, north sea, and Alberta oil, it will run out sooner than later
OTTAWA – The federal budget watchdog is sounding the alarm about the growing level of net debt being accumulated by Canada's provinces, territories and local governments.
The parliamentary budget office said Tuesday that the combined net debt of Canada's so-called subnational governments — currently at 32.5 per cent of GDP — is projected to rise to more than 200 per cent over the next 75 years.
Story continues below
READ MORE: Debt binge has left Canadians more 'vulnerable' to economic shock: PBO
At that level, debt service payments would reach 11 per cent of gross domestic product, the report warned.
The subnational outlook, which excludes the federal government, has worsened since last year due to increased spending projections for health care and public sector administration, the analysis said.
On the federal side, the office found the sustainability of Ottawa's fiscal outlook had deteriorated compared to 12 months ago
Quote from: "Skippy"
Quote from: "JOE"
Quote from: "Fashionista"
But, he gossip about us on other forums..
I don't understand why a sixty year old enjoys being so nasty all the time.
Theres absolutely nothing wrong with a tax break for everyone as long as it does not break the bank.
Australia has shown the proper way to do it.
The USA under Trump is the wrong method.
Joe Canada is in an equally perioulous situation as the US, Australia is only has a surplus because they are selling its mineral wealth heavily to China at discount prices, but this won't last forever, like texan, north sea, and Alberta oil, it will run out sooner than later
We have hundreds of years recoverable and more centuries after that of what is currently not economical to extract..
How many centuries of rare earth metals do we have left if the world switched to solar panels like China wants us to.
Quote from: "Skippy"
The parliamentary budget office said Tuesday that the combined net debt of Canada's so-called subnational governments — currently at 32.5 per cent of GDP — is projected to rise to more than 200 per cent over the next 75 years.
Story continues below
READ MORE: Debt binge has left Canadians more 'vulnerable' to economic shock: PBO
At that level, debt service payments would reach 11 per cent of gross domestic product, the report warned.
The subnational outlook, which excludes the federal government, has worsened since last year due to increased spending projections for health care and public sector administration, the analysis said.
On the federal side, the office found the sustainability of Ottawa's fiscal outlook had deteriorated compared to 12 months ago
Canadians are the most indebted people in the OECD..
Our growth is on the backs of indebted consumers..
If interest rates rise, this country is in big trouble.
Quote from: "Skippy"
The parliamentary budget office said Tuesday that the combined net debt of Canada's so-called subnational governments — currently at 32.5 per cent of GDP — is projected to rise to more than 200 per cent over the next 75 years.
Story continues below
READ MORE: Debt binge has left Canadians more 'vulnerable' to economic shock: PBO
At that level, debt service payments would reach 11 per cent of gross domestic product, the report warned.
The subnational outlook, which excludes the federal government, has worsened since last year due to increased spending projections for health care and public sector administration, the analysis said.
On the federal side, the office found the sustainability of Ottawa's fiscal outlook had deteriorated compared to 12 months ago
Ontario has the highest sub sovereign debt in the world. Ottawa has been offloading debt onto the provinces for twenty five years.
Quote from: "Skippy"
Quote from: "JOE"
Quote from: "Fashionista"
But, he gossip about us on other forums..
I don't understand why a sixty year old enjoys being so nasty all the time.
Theres absolutely nothing wrong with a tax break for everyone as long as it does not break the bank.
Australia has shown the proper way to do it.
The USA under Trump is the wrong method.
Joe Canada is in an equally perioulous situation as the US, Australia is only has a surplus because they are selling its mineral wealth heavily to China at discount prices, but this won't last forever, like texan, north sea, and Alberta oil, it will run out sooner than later
If Justine and his ally Notley had not blocked Northern Gateway, Energy East, Petronas LNG and stalled TMX expansion not only would we be in a surplus, we could offer broad based tax relief.
Quote from: "Skippy"
The parliamentary budget office said Tuesday that the combined net debt of Canada's so-called subnational governments — currently at 32.5 per cent of GDP — is projected to rise to more than 200 per cent over the next 75 years.
Story continues below
READ MORE: Debt binge has left Canadians more 'vulnerable' to economic shock: PBO
At that level, debt service payments would reach 11 per cent of gross domestic product, the report warned.
The subnational outlook, which excludes the federal government, has worsened since last year due to increased spending projections for health care and public sector administration, the analysis said.
On the federal side, the office found the sustainability of Ottawa's fiscal outlook had deteriorated compared to 12 months ago
Ignore Joe like everyone else does. He has a bad case of sour grapes because we have all been laid without paying for it and he is still a virgin in his sixties.
Quote from: "seoulbro"
By Franco Terrazzano of the Canadian Taxpayers Federation
Ottawa gave Alberta's struggling energy industry a body blow by passing legislation to ban tankers on the West Coast and make the pipeline approval process virtually impossible. It's tempting to seek retribution. So tempting. But there's a better way for Premier Jason Kenney to stand up for Alberta and strengthen Canada: reform equalization.
The Trudeau government passed the Tanker Ban Bill (Bill C-48) and the No More Major Projects Bill (Bill C-69) at the last minute before it rises for the summer and hits the campaign trail for the fall election.
Both bills have come under fire in Alberta.
"[The Tanker Ban] is a prejudicial attack on Alberta, banning from Canada's northwest coast only one product – bitumen – produced in only one province, Alberta," stated Kenney. "[The No More Major Projects Bill is] leading energy industry groups to say that no future pipeline will ever be proposed under this regime."
These laws are just the latest example of politicians kicking Alberta's resource sector while it's down. Quebec's premier calls Alberta oil "dirty energy." British Columbia's politicians have promised to use "every tool available" to block the Trans Mountain expansion.
Then there's the feds who rejected the Northern Gateway Pipeline, moved the regulatory goal posts on Energy East and showered B.C. with infrastructure money even after the province attempted to block Trans Mountain. After all of these hits to Alberta's industry, it's not surprising that Kenney responded to the passing of the federal No More Major Projects Bill and the Tanker Ban by threatening action on equalization. Not only is Kenney standing up for Alberta taxpayers by taking on equalization, he could also help rejuvenate Canada's bludgeoned resource sector from coast to coast. Through equalization, the federal government transfers money to low-income provinces. It sounds nice, but in reality equalization tempts politicians to make bad decisions such as opposing resource development.
"If a have-not province sees an increase in natural resource revenues, the extra money is largely offset by a reduction in equalization payments," explains the Fraser Institute's Ben Eisen.
We've seen equalization-receiving governments continue to ban resource development.
Under former premier Pauline Marois, Quebec's government imposed a moratorium on shale gas exploration in the St. Lawrence Lowlands. In 2018, the Quebec government announced a series of new measures that would ban hydraulic fracturing province-wide and tighten oil and gas drilling. These limits were imposed despite the existence of up to 36 trillion cubic feet of recoverable natural gas in the St. Lawrence that is estimated to be worth between $68 billion and $186 billion.
Nova Scotia also placed a ban on development which limits most of the province's onshore natural gas resources pegged to be worth between $20 billion and $60 billion.
There are different ways Kenney could improve equalization, but the key to addressing its bad incentives is stopping its growth. The larger the equalization cheque, the more likely politicians are to kibosh development. Kenney should also explore changes that would specifically target equalization's negative impact on resource development.
Taking on equalization may never be a political breeze in Canada, but there are some provinces on the receiving end that are now receptive to change. Both New Brunswick Premier Blaine Higgs and Quebec Premier François Legault have acknowledged that the right path forward for "havenot" provinces is to focus less on equalization and more on growing the economy.
Fixing equalization isn't a silver bullet for our resource sector. But Canadians will be more united in the fight against laws such as the Tanker Ban and the No More Major Projects Bill when we all recognize the need to rely on a growing economy to pay for important services.
Equalization in Canada seems to be all about throwing one province under the bus to buy votes in other provinces.
Quote from: "Gaon"
Quote from: "seoulbro"
By Franco Terrazzano of the Canadian Taxpayers Federation
Ottawa gave Alberta's struggling energy industry a body blow by passing legislation to ban tankers on the West Coast and make the pipeline approval process virtually impossible. It's tempting to seek retribution. So tempting. But there's a better way for Premier Jason Kenney to stand up for Alberta and strengthen Canada: reform equalization.
The Trudeau government passed the Tanker Ban Bill (Bill C-48) and the No More Major Projects Bill (Bill C-69) at the last minute before it rises for the summer and hits the campaign trail for the fall election.
Both bills have come under fire in Alberta.
"[The Tanker Ban] is a prejudicial attack on Alberta, banning from Canada's northwest coast only one product – bitumen – produced in only one province, Alberta," stated Kenney. "[The No More Major Projects Bill is] leading energy industry groups to say that no future pipeline will ever be proposed under this regime."
These laws are just the latest example of politicians kicking Alberta's resource sector while it's down. Quebec's premier calls Alberta oil "dirty energy." British Columbia's politicians have promised to use "every tool available" to block the Trans Mountain expansion.
Then there's the feds who rejected the Northern Gateway Pipeline, moved the regulatory goal posts on Energy East and showered B.C. with infrastructure money even after the province attempted to block Trans Mountain. After all of these hits to Alberta's industry, it's not surprising that Kenney responded to the passing of the federal No More Major Projects Bill and the Tanker Ban by threatening action on equalization. Not only is Kenney standing up for Alberta taxpayers by taking on equalization, he could also help rejuvenate Canada's bludgeoned resource sector from coast to coast. Through equalization, the federal government transfers money to low-income provinces. It sounds nice, but in reality equalization tempts politicians to make bad decisions such as opposing resource development.
"If a have-not province sees an increase in natural resource revenues, the extra money is largely offset by a reduction in equalization payments," explains the Fraser Institute's Ben Eisen.
We've seen equalization-receiving governments continue to ban resource development.
Under former premier Pauline Marois, Quebec's government imposed a moratorium on shale gas exploration in the St. Lawrence Lowlands. In 2018, the Quebec government announced a series of new measures that would ban hydraulic fracturing province-wide and tighten oil and gas drilling. These limits were imposed despite the existence of up to 36 trillion cubic feet of recoverable natural gas in the St. Lawrence that is estimated to be worth between $68 billion and $186 billion.
Nova Scotia also placed a ban on development which limits most of the province's onshore natural gas resources pegged to be worth between $20 billion and $60 billion.
There are different ways Kenney could improve equalization, but the key to addressing its bad incentives is stopping its growth. The larger the equalization cheque, the more likely politicians are to kibosh development. Kenney should also explore changes that would specifically target equalization's negative impact on resource development.
Taking on equalization may never be a political breeze in Canada, but there are some provinces on the receiving end that are now receptive to change. Both New Brunswick Premier Blaine Higgs and Quebec Premier François Legault have acknowledged that the right path forward for "havenot" provinces is to focus less on equalization and more on growing the economy.
Fixing equalization isn't a silver bullet for our resource sector. But Canadians will be more united in the fight against laws such as the Tanker Ban and the No More Major Projects Bill when we all recognize the need to rely on a growing economy to pay for important services.
Equalization in Canada seems to be all about throwing one province under the bus to buy votes in other provinces.
Alberta and Saskatchewan are discussing holding a joint referendum on equalization if no pipelines are started by some time in 2021.
This is all interesting to read, but I am so disgusted with politics and their disgusting ways. I have no faith in yhe system anymore.
Quote from: "Berry Sweet"
Nor should you. And it is not just our politics that is broken. The whole federation needs reform.
Quote from: "Thiel"
Quote from: "Berry Sweet"
Nor should you. And it is not just our politics that is broken. The whole federation needs reform.
Oh I know. All systems are fucked. Im actually pretty mad about all of it. I had a freak out session in public the other day, thank god my kid wasnt with me...I cant get into detail about everything going on on my end cause its far too much.
Im at the end of my rope with a lot of shit. Being nice or patient is not an option anymore. Like last time I was in court abouy a month ago, I gave the judge shit 2x...id jad enough...like what are you gonna do motherfucker? Thats right, NOTHING...like the bitch in a robe that ypu are...just sat there like a deer in head lights and said nothing...stupid motherfucker.
Quote from: "Berry Sweet"
Quote from: "Thiel"
Quote from: "Berry Sweet"
Nor should you. And it is not just our politics that is broken. The whole federation needs reform.
Oh I know. All systems are fucked. Im actually pretty mad about all of it. I had a freak out session in public the other day, thank god my kid wasnt with me...I cant get into detail about everything going on on my end cause its far too much.
Im at the end of my rope with a lot of shit. Being nice or patient is not an option anymore. Like last time I was in court abouy a month ago, I gave the judge shit 2x...id jad enough...like what are you gonna do motherfucker? Thats right, NOTHING...like the bitch in a robe that ypu are...just sat there like a deer in head lights and said nothing...stupid motherfucker.
If you are before a judge, you really are at the end of your rope.
Quote from: "Thiel"
Quote from: "Berry Sweet"
Quote from: "Thiel"
Quote from: "Berry Sweet"
Nor should you. And it is not just our politics that is broken. The whole federation needs reform.
Oh I know. All systems are fucked. Im actually pretty mad about all of it. I had a freak out session in public the other day, thank god my kid wasnt with me...I cant get into detail about everything going on on my end cause its far too much.
Im at the end of my rope with a lot of shit. Being nice or patient is not an option anymore. Like last time I was in court abouy a month ago, I gave the judge shit 2x...id jad enough...like what are you gonna do motherfucker? Thats right, NOTHING...like the bitch in a robe that ypu are...just sat there like a deer in head lights and said nothing...stupid motherfucker.
If you are before a judge, you really are at the end of your rope.
She wasn't in court for anything she did Thiel.
Its a child custody case I was in. Its not over yet. But I am at the end of my rope with the entire scene and old, out of date and checked out of reality judges. It takes years to become the person I now am. No one will fuck me anymore. My kid is lucky to have me.
Quote from: "Berry Sweet"
My apologies. I didn't know.
Quote from: "Thiel"
Quote from: "Berry Sweet"
My apologies. I didn't know.
Ditto that. Sorry Berry.
Besides deliberately kneecapping our natural resource sector, Trudeau is confiscating more of Canadians' money than his predecessor.
By Jake Fuss and Finn Poschmann are analysts at the Fraser Institute.
A recent CBC News poll reported that the cost of living is one of the biggest worries for all Canadians.
And, yes, while trend inflation has been very low for a decade, it's ticking up sharply.
So although it's easy to understand why Canadians are anxious about the rising cost of basic necessities, the growing tax bill for families might be even more concerning.
According to the poll, the cost of living was the No. 1 concern for approximately one-third (32%) of all Canadians surveyed.
Most respondents claimed the price of basic needs such as food, electricity and housing were the main sources of apprehension.
In 2017, for example, the average Canadian family spent $17,856 on housing, $9,121 on food and $3,620 on clothing.
Put differently, basic necessities cost the average family $30,597 or 35.6% of their annual income.
Moreover, since 1961 average expenditures on food, shelter and clothing have grown in nominal terms by about 1,000%!
Given these numbers, the anxiety felt by many families is understandable.
What's as bad or worse for us, though, is that the growth in the tax bill for families has also come at an astonishing pace, and apparently flown under the radar in recent years.
[size=150]Taxes have increased much faster than basic necessities.[/size]
Specifically,[size=150] in 2017 the average family paid $37,058 or 43.1% of their income in taxes.
For context, the average Canadian family paid 33.5% of its income on taxes back in 1961.[/size]
Since then, total taxes have for the average family increased by 2,112% including inflation, which is double the increase in basic necessities over that time.
This means[size=150] the average Canadian family now pays more of its income on taxes than it spends on basic necessities including food, housing and clothing.[/size]
The tax bill for Canadian families is nearly $6,500 higher than the average expenditure on basic necessities.
Things get more troubling. [size=150]Despite promising to reduce taxes for middle-class Canadian families, since coming into office, the Trudeau government has increased the tax burden for 81% of middle-income families (with household incomes between $77,089 and $107,624).[/size]
On average, and [size=150]allowing for the middle-class rate-cut centrepiece of the Trudeau plan, the targeted families now pay $840 more in taxes than four years ago.[/size]
This increase in taxes is primarily due to the removal of several tax credits families previously claimed for income splitting, public transit and children's fitness among others.
The bottom line?
The total tax bill for Canadian families has increased much more rapidly than any other single expenditure.
Now, after adding up all the taxes paid and expenditures on basic necessities for the average Canadian family, that doesn't leave much for saving, registering children for sports, buying a vehicle, paying for gas and every other family expense.
No surprise then that the rising cost of living is a source of anxiety for all Canadians.
And it's important to remember that the tax bill for families is increasing at an even faster pace.
Worried anxious people are not happy people, and that might be what CBC'S poll may reveal.
I've noticed everything is a little cheaper since the new provincial government repealed the NDP's carbon tax..
Trudeau has promised to force it back on us January 1.
:negative: