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Trudeau proposes increasing income tax rate to 93%

Re: Trudeau proposes increasing income tax rate to 93%

Postby Queen K » Sep 12th, 2017, 5:33 am

Ahhh the good old days of no labour standards at all!

Even the children's section on Canada has the real goods on how the Chinese were treated via labour standards.

https://www.collectionscanada.gc.ca/set ... 1.3-e.html
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Rwede » Sep 12th, 2017, 7:49 am

What do labour standards have to do with Trudeau's 93% tax grab on everyone but trust fund elites like himself? :135:
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Queen K » Sep 12th, 2017, 8:09 am

Gone_Fishin wrote:I'm thankful that Canada wasn't built by people satisfied with mediocrity. We'd be in a shambles if it had been.


Sorry, I took this rather literally. :biggrin: "Built" means a few different things in regard to tax laws, I guess. :135:
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Re: Trudeau proposes increasing income tax rate to 93%

Postby The Green Barbarian » Sep 13th, 2017, 2:30 pm

But Conservative Leader Andrew Scheer told the Regina Chamber of Commerce on Tuesday he believes it's no accident the consultations were held in summer.
"I'm very cynical about this. I believe that this was calculated, they brought these changes out when the House of Commons isn't sitting, the Opposition parties aren't there able to ask the question, the Finance committee isn't sitting," he said.
"This is way beyond the normal process for making fundamental changes."
Far from unintended consequences, Scheer said he thinks the Liberals know exactly what they're doing.

"I truly do believe it is that warped mentality that would rather see us all finish last together holding hands than see anybody succeed," he said.

"And the problem with that is, that type of mentality hurts the very people it claims to help."
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Ka-El » Sep 13th, 2017, 9:07 pm

This is bound to get someone’s knickers in a knot …

Closing tax loopholes a sure vote winner: Mallick

Finance Minister Bill Morneau’s “tax fairness” move to close loopholes, including the shameless ones with feathers and sequins, are more popular than many realize.

You may have been reading about the alleged backlash to the proposed reforms. But the backlash comes from the people using the loopholes. …..

..… But as Prime Minister Trudeau said, “People who make $50,000 a year should not pay higher taxes than people who make $250,000 a year.” This is a vote winner. Loophole closing will be popular because people who make $50,000 a year had no idea that wealthier people could fiddle taxes so easily. …..

..... One poll by Mainstreet/National Post showed that 76 per cent of Canadians say tax loopholes for individuals are a big problem or somewhat of a problem. …..

..… We live in an organized country where the tax system, so very different from the American one, strives to be fair, or at least transmit an appearance of fairness, to everyone who pays tax.

As long as Canadians have that, they will readily pay for highways, traffic lights, schools, flood prep, sewerage, clean water, tree planting, medical care and all those delicious things we have come to expect.

http://www.msn.com/en-ca/news/canada/cl ... &ocid=iehp
I will close with the hapless Andrew Scheer, Conservative leader, who said of ending tax loopholes, “Perhaps the fancy socks, private islands and magazine covers have clouded [Trudeau’s] judgment.”

Scheer’s cluelessness is CMA worthy. Canadians do not resent the PM’s socks. They can afford their own, can buy great loads of them at Joe Fresh. Get out there, Scheer, and meet this great cosy, woolly-socked nation, and talk to them about lowering taxes for the rich.
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Re: Trudeau proposes increasing income tax rate to 93%

Postby maryjane48 » Sep 13th, 2017, 9:25 pm

Gone_Fishin wrote:I'm thankful that Canada wasn't built by people satisfied with mediocrity. We'd be in a shambles if it had been.


*removed*

the facts are there is laws that allow rich folks to save more on taxes then those below them . it has been that way for long time. now its time for a more balanced approach to taxes.
Last edited by ferri on Sep 18th, 2017, 5:20 pm, edited 1 time in total.
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Ka-El » Sep 14th, 2017, 5:20 am

On the other hand, …

Government needs to 'step back' from tax changes, says Liberal finance chair

Wayne Easter, the Liberal MP who is chair of the Commons finance committee, says he is not impressed by how his own government is rolling out its proposed tax changes.

http://www.msn.com/en-ca/news/canada/go ... &ocid=iehp
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Veovis » Sep 14th, 2017, 7:29 am

The problem is we have a government and PM who finds tweet to be a better source of information than facts and numbers.

Yes a poll suggests people FEEL there are "loopholes" (which aren't actually a thing.) and then they created a tax policy that will smash the middle class and ignore the PM and buddies real money they keep stashed because people FELT a certain way while, as proven here on a constant basis, have no actual clue of the real tax system in Canada.

Policy based on feelings and Jargon. Terrible way to plan finances. He also said budgets balance themselves.....hows that working folks?

When the man who is trying to force bad tax changes on the middle class but feels ZERO changes to how he hides his money offshore so he pays 0.00% tax, perhaps peoples feelings are aimed at the wrong group when it comes to tax reform.

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Re: Trudeau proposes increasing income tax rate to 93%

Postby Gone_Fishin » Sep 17th, 2017, 7:40 am

Image
When you're dead, you don't know you are dead. It is only difficult for the others.

It's the same when you are stupid.

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Re: Trudeau proposes increasing income tax rate to 93%

Postby Keith Duhaime » Sep 17th, 2017, 9:26 am

You know what gets me with these proposed tax changes at the federal level as well as the $15/hour minimum wage at the provincial level is that they are both about 'correcting income inequality'. Sorry Mr. Trudeau and Mr. Horgen, but neither will ultimately do that. Stats Canada own assessment of the situation is that the number one reason for the rich getting richer and the poor poorer over the last several decades is marriage, as in today a physician. lawyer, etc. is much more like to marry another physician. lawyer, etc. than they did 30, 40, 50 years ago. And the primary reason someone is earning minimum wage, maybe because they did not make good life choices, got an education (during which they might have met a significant other on the way to a good livelihood as well) and put in their proverbial '10,000 hours'. And at the same time as all this is going on, we are hearing how half of Ontario primary and secondary school students are not up to grade on math, and probably no better in BC. Here are just a few things the Trudeaus and Horgens of the world can do to fix the situation;

1. Reform education policy on maths and sciences. Anyone wanting to teach math should pass an exam that demonstrates a good knowledge of basic calculus, linear algebra, statistics and computer science. And that applies even to elementary school teachers. -If they cant relate basic set theory to how it is used in boolean algebra and a Turing machine, then give them the boot. You can't teach a subject properly unless you have a good understanding of where the material is eventually going to be applied. Also, implement a Teachers' College Admission Test modeled on the MCAT, LSAT, etc. Let's make sure our tax dollars we allocate to teacher colleges are being spent on people that know their stuff first. FYI, there was a recent study identifying math literacy as statistically the most important subject to the determination of a person's level of income.

2. Get rid of provincial ministries of education. There should be one national standard and it should be rigorous administered by one national department. Get rid of the a la carte approach to secondary education and introduce two streams; an academic stream with rigorous mandatory requirements, and a second vocational stream, also rigorous but with with a different emphasis. A kid from Newfoundland shows up on a BC job site with a diploma, it should mean something. Right now a high school diploma is almost meaningless.

3. Reform EI - make it truly an insurance program. A kid wants to drop out of school, let him/her pay premiums that reflect the level of risk that incurs. Want to rack up a claims history too - then watch your premiums also rise. They could even make EI available to the self-employed then as there would be disincentives to cheating. At the same time, also make payouts to claimants meaningful - one does not wreck a BMW in an auto accident to have their insurance company compensate them at Lada levels.

4. Look at that other big spending envelope, healthcare. About 1/3 of it ($45-50 billion/year in Canada) is the result again of poor lifestyle choices; smoking, poor eating habits, not enough exercise, etc. Reform healthcare so there are insurance premiums in Canada for all adults reflective of their lifestyle choices. They'll figure it out quick enough if they want to reduce their premiums and we won't need to tax the small business person into oblivion if the governments are alleviated from that $45-50 billion/year cost burden.

I am sure there are other potential solutions people can come up with too.
Last edited by Keith Duhaime on Sep 17th, 2017, 11:33 am, edited 1 time in total.

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Re: Trudeau proposes increasing income tax rate to 93%

Postby Catsumi » Sep 17th, 2017, 9:38 am

Nice post, Keith. Unfortunately, it is just TOO sensible and therefore doomed to failure.

Just watch; those who would have to work at a real job for the first time in their lives, put out, get up early, be responsible, pay taxes and not take advantage of the system will be the first to tinker, tear and toss out such ideas wholesale.

Good ideas to think about though.

:130:
Last edited by Catsumi on Sep 17th, 2017, 9:42 am, edited 1 time in total.
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Gone_Fishin » Sep 17th, 2017, 9:39 am

^^ Good post x2 Keith. Personal responsibility is sorely lacking among the SJWs who are screaming for "correcting inequality." There's only one person who can better one's own position in life, and that's not government with taxation or legislation changes.
Last edited by Gone_Fishin on Sep 17th, 2017, 7:27 pm, edited 1 time in total.
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Re: Trudeau proposes increasing income tax rate to 93%

Postby GoStumpy » Sep 17th, 2017, 9:52 am

Wow as a small business owner I am worried about what these changes could mean...

I also worry that there isn't a single #[email protected]%ing news source that can actually inform people of what it is like now, what it will be like, and what the difference is. Everything is about alarmism and headlines. :cuss:
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Re: Trudeau proposes increasing income tax rate to 93%

Postby Catsumi » Sep 17th, 2017, 10:16 am

LeadingEdgeGlass wrote:Wow as a small business owner I am worried about what these changes could mean...

I also worry that there isn't a single #[email protected]%ing news source that can actually inform people of what it is like now, what it will be like, and what the difference is. Everything is about alarmism and headlines. :cuss:



There is a post on Trudeau has to Go, by Merry, last page (18) outlining the proposed changes

As to the fallout we can all make predictions depending on our political stance. It is regretful that something so important, tax change, which will affect ALL of us in one way or the other, is so poorly considered before throwing it out into the public realm and further divides Canadians into camps (haves/havenots).

I wonder if this is partly a deflection tactic by the Trudeau government to quickly get past the other insults they've dumped on us. Have you noticed other major issues have suddenly vanished from the headlines?

Canada is lurching like a drunk off one wall before slamming into the next.

Trudeau has to go is a good start. Something like a cleanse, a purgative.
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Re: Trudeau proposes increasing income tax rate to 93%

Postby maryjane48 » Sep 18th, 2017, 3:41 pm

Vancouver doctor is backing Ottawa's proposed tax changes for small business owners, calling on the need for a more equitable tax system.

Dr. Robert Woollard, a family practitioner and professor in UBC's Faculty of Medicine, is one of 280 doctors who have signed a petition that says the tax revenue gained in closing off loopholes for incorporated practices would pour money back into the health-care system and fund social programs.


http://www.cbc.ca/beta/news/canada/brit ... -1.4295433
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