Tax Gap Who's going to fix this? Trudeau or Harper?

[Rwede]

^^^ So you favour taxing dividends even though they have already had tax paid on them by the corporation?

Whodathunkit, double taxation is the solution to what ails us.

My question to those who are on the hunt for more taxes, is why do governments need more of our money in the first place?

[wanderingman]

^^^ So you favour taxing dividends even though they have already had tax paid on them by the corporation?

Whodathunkit, double taxation is the solution to what ails us.

My question to those who are on the hunt for more taxes, is why do governments need more of our money in the first place?

its a lot lot more complicated than that BUT if the company would use it as a pretax deduction(exspence) and the person receiving the dividend then paid the income tax it would put way more money in the coffers at a more equal way
Company tax rate on these(earnings) dividends paid to stock holders is far less than the personal rate one would pay as straight income

[Gone_Fishin]

its a lot lot more complicated than that BUT if the company would use it as a pretax deduction(exspence) and the person receiving the dividend then paid the income tax it would put way more money in the coffers at a more equal way
Company tax rate on these(earnings) dividends paid to stock holders is far less than the personal rate one would pay as straight income

It doesn't work that way. Dividends are not a tax deductible expense for companies. Tax rate for most CCPCs is 40%...that's quite comparable to the marginal tax rate of most mid to upper mid tier taxpayers' personal rates. Remember, companies pay that income tax starting at the first dollar they make - individuals can make about $22,000 and pay no tax whatsoever.

I think the question asked above is very valid: why do governments need more of our tax money? It's better kept in our hands to spend in the economy and in corporations' hands to expand and hire more workers. Government already gets way more than enough from us and companies.

[hobbyguy]

If you think that Harper has put money in the pockets of the average Canadian, you need to step back and look at the total picture.

1. Government expenditures under the Harper government are the largest in Canadian history, rising by almost 70% since he took office.
2. Government revenue share from corporate income tax has fallen by 28% as Harper has cut corporate taxes dramatically. And it may fall further with the latest cut.
3. Government debt has risen significantly under Harper - YOU will have to pay for that eventually.

So if government spending is waaay up, and the corporate contribution is falling, and Harper is going to claim a balanced budget, who is paying? It's not corporations. It's not faeries. So that leaves you!

Fee-fees, EI contributions with lower pay outs are two of the methods to extract more from you to fill the gap in corporate contributions. Been to a national "park" recently? Paid the fees for the privilege of going in? And so on, and so on.

I'd be willing to bet that a chunk of the extra bureaucrats Harper has hired are just there to collect and count all those extra fees...

"Small" government? My foot! http://news.nationalpost.com/2011/11/29/huge-growth-in-public-servants-under-tories/

"What a way to run a railroad"

[logicalview]

If you think that Harper has put money in the pockets of the average Canadian, you need to step back and look at the total picture.

No, you mean we need to look at Harper through your poop-stained leftist filter. Ok...what nonsense have you served up today??

1. Government expenditures under the Harper government are the largest in Canadian history, rising by almost 70% since he took office.

Do you have a link anywhere to support this? And one that doesn't come from one of your leftist blogs or the stinky CCPA or Tyee? Is this statement supported by anyone who isn't a frothing at the mouth leftist? And also - are you taking into account the bump in spending that was done in 2008-2009 which all the opposition parties said wasn't enough? Of course not. Typical spin from a typical fraudster.

2. Government revenue share from corporate income tax has fallen by 28% as Harper has cut corporate taxes dramatically. And it may fall further with the latest cut.

Once again, no link. But who cares. This is awesome!! Obviously this is what Canadians, other than brain-dead leftists, want. Because they voted for a Conservative majority, and Harper is doing what he said he would do. Keep cutting corporate taxes Harper! Who cares how the bonehead leftists spin it.

3. Government debt has risen significantly under Harper - YOU will have to pay for that eventually.

Yup. Good thing we didn't elect JackoLayton or Just visiting Iggy, as who knows how big the debt would be if the NDP was running the country. Yikes!

So if government spending is waaay up,

It's not. You just made that up.

I'd be willing to bet that a chunk of the extra bureaucrats Harper has hired are just there to collect and count all those extra fees...

"Small" government? My foot! http://news.nationalpost.com/2011/11/29/huge-growth-in-public-servants-under-tories/

LOL - this was so manufactured that it made me want to vomit. As "proof" of your horribly idiotic hypothesis, you post a story from 2011. What year did Harper have a majority again? Oh yeah. 2011. Let's see what's happened since then:

2012:

OTTAWA - The federal government says 10,980 public service jobs have been cut since it introduced its last budget.

Roughly 7,500 of those were eliminated through attrition.

The March budget said 19,200 positions would be eliminated as part of the government's efforts to cut $5.2 billion in spending over three years.

"In just six months, we have already achieved more than half the reductions set out in the budget," Treasury Board President Tony Clement said in a statement.

"A leaner, more affordable government is good for taxpayers and it's important in terms of our ability to return to balanced budgets."

http://www.huffingtonpost.ca/2012/11/16 ... 46544.html

OTTAWA - A fourth wave of job loss notifications washed over the federal public service Wednesday as the Conservatives appeared to be trying to shore up support for the cuts.

Union leaders reported that just over 5,000 employees in more than 13 departments were told they could lose their jobs as the government seeks to slash spending.

The job loss notices were juxtaposed with a series of Conservative government press releases highlighting both spending and saving initiatives.

http://www.huffingtonpost.ca/2012/06/27 ... 29714.html

From 2014:

OTTAWA — The Conservative government is on track to eliminate 30,000 federal jobs over the next three years, returning the public service to the size it was when the party came to power in 2006.

The latest report by the Parliamentary Budget Office shows spending on personnel is continuing to fall and departments’ own plans and priorities reports show the public service will lose another 8,900 jobs by 2016-17, shrinking the workforce to the lowest levels since 2006.

That’s on top of the more than 20,000 positions that have been wiped off the payroll since the Conservatives’ watershed 2012 budget, which launched a downsizing that cut $5.2 billion in spending and targeted 19,200 jobs over three years. Departments implemented most of those job cuts in the first year, shedding 16,000 positions.

http://www.ottawacitizen.com/business/F ... story.html

HG - you are selling a massive load of crap with this myth about government spending and hiring. It's complete crap that only the dumbest here would ever believe. This is why the Conservatives are going to win the next election, their opponents have no integrity. If all you are going to do is invent gibberish and think that's going to oust Harper then you are already dead in the water. You'll be seeing Harper for at least another 4 years. Maybe more. Why? Because he's the best choice out of an extremely shallow pool of talent. Justin isn't ready, and the NDP is a joke.

[hobbyguy]

LV - all ya have to do is look about for the numbers.

Lets start with the debt:

2003 = 501 billion and dropping
2014 = 600 billion and climbing

Total expenditures:

2003 = 177 billion - 36 billion debt repayment = 141 billion
2014 = 279 billion + (?) debt accumulation = a whole heck of a lot more.

279/141 = 198%. 98% increase in 10 years. According to the BOC inflation calculator, "hold the line" expenditures would result in government expenditures of 173 billion. Still short 100 billion in spending. Fiscally conservative? My foot!!

Government surplus:

2003 = 9 billion (and that AFTER 36 billion of debt repayment!)
2014 = 2.9 billion deficit (and obviously NO debt repayment).

To make life simpler, here are some easy references: http://www.ask.com/wiki/2003_Canadian_federal_budget?o=2801&qsrc=999&ad=doubleDown&an=apn&ap=ask.comhttp://www.ask.com/wiki/2014_Canadian_federal_budget?o=2801&qsrc=999&ad=doubleDown&an=apn&ap=ask.comhttp://www.huffingtonpost.ca/2012/11/23/canada-federal-debt_n_2178207.htmlhttp://www.bankofcanada.ca/rates/related/inflation-calculator/

The size of the bureaucracy: http://news.nationalpost.com/2011/11/29/huge-growth-in-public-servants-under-tories/
Yes, they are madly slashing and burning at the problem that they created, but also, what about this part:

"The size of the total federal public sector (which includes core public servants as well as the RCMP, Canadian Forces personnel and Crown Corporations) has grown 25 per cent, to more than 530,000 employees in 2010 from around 423,000 a decade earlier."

So the number gets jacked by 107,000 and the cuts you mentioned total what? Ballpark 29,000 - that still leaves about 77,000 extra doesn't it?? 77/423 = 18% growth. Population growth over the last decade? About 11%. As any business owner will tell you, 11% more business doesn't mean you need 11% more employees - let alone the 18% being left after the cuts. If you or I ran a branch plant that way - we'd get fired pronto.

That the percentage corporate contributions to the federal government coffers is documented in many places. Of course most of those you wouldn't like, like the CLC. And the ones you would like, tend not to discuss such topics as they are taboo. But here is one that shows you the trending, even if it is just in a pie chart, and is out of date: http://www.parl.gc.ca/content/lop/researchpublications/prb0639-e.htm#revandexpend and here is another: http://www.parl.gc.ca/Content/HOC/Committee/411/FINA/WebDoc/WD6079428/411_FINA_IIC_Briefs%5CCaldbickSamE.pdf

"Corporate tax rates are now the lowest of the G8 countries, with medium and large corporations in 2010 paying on average 26.9% of their profits in taxes, a steep drop from the 49.1% paid even in 2004" - and that's before the latest corporate tax cuts.

By the way, I used the 2003 budget numbers because the 2004 budget didn't get passed.