[andyt]

http://www.cbc.ca/news/politics/income- ... -1.2817684

Benefits mostly high income earners with one spouse working. Yep, that's where we need to apply tax loopholes. No money for homelessness, mental health, military, you name it, but all sorts of boutique tax deductions for the middle class to garner votes.

[OnTheIce]

andyt andyt:

http://www.cbc.ca/news/politics/income-splitting-changes-coming-from-tories-1.2817684

Benefits mostly high income earners with one spouse working. Yep, that's where we need to apply tax loopholes. No money for homelessness, mental health, military, you name it, but all sorts of boutique tax deductions for the middle class to garner votes.

Yep...because all the money that people keep, they never spend and it never gets back into the system in terms of tax revenue.

Allowing people to keep more of their money is a bad thing.

[andyt]

Allowing people to keep more of their money for bullshit loopholes is a bad thing. Otherwise why have a tax system at all, if every tax deduction is good?

Harper had to do this so people wouldn't say he went back on his promise. But, at least he listened to Flaherty, who came out against this deduction, by capping the amount. As the article says, the cap allows the Cons to allocate more tax money to areas where it will actually do some good.

[OnTheIce]

andyt andyt:

Allowing people to keep more of their money for bullshit loopholes is a bad thing. Otherwise why have a tax system at all, if every tax deduction is good?

Harper had to do this so people wouldn't say he went back on his promise. But, at least he listened to Flaherty, who came out against this deduction, by capping the amount. As the article says, the cap allows the Cons to allocate more tax money to areas where it will actually do some good.

Income splitting is far from a "bullshit loophole" and even so, what does it matter how Canadians get to keep more of the money they work for?

[andyt]

OnTheIce OnTheIce:

what does it matter how Canadians get to keep more of the money they work for?

Rob Ford deduction - take off the first 20k you spend on crack.

[OnTheIce]

andyt andyt:

OnTheIce OnTheIce:

what does it matter how Canadians get to keep more of the money they work for?

Rob Ford deduction - take off the first 20k you spend on crack.

And the discussion turns immature in 3....2.....1.

How does a man of your age still converse like a 10 year old?

[andyt]

Just shows how ridiculous your statement was.

[Zipperfish]

I gather Jim Flaherty wasn't a fan either. Who has one spouse working these days?

[Lemmy]

OTI OTI:

You like to pretend you're high and mighty, the smartest guy on planet Earth when in fact, you're an Internet tough-guy who thinks he's better than all his e-acquaintances.

You're a rude, egotistical, condescending asshole that gets his kicks off of pretending how much better he is compared to a bunch of random and anonymous people on the Internet.

You're a random nobody on the Internet. Get over yourself.

OnTheIce OnTheIce:

And the discussion turns immature in 3....2.....1.

How does a man of your age still converse like a 10 year old?

You were saying?

[bootlegga]

andyt andyt:

http://www.cbc.ca/news/politics/income-splitting-changes-coming-from-tories-1.2817684

Benefits mostly high income earners with one spouse working. Yep, that's where we need to apply tax loopholes. No money for homelessness, mental health, military, you name it, but all sorts of boutique tax deductions for the middle class to garner votes.

I have to agree, even though I'll benefit from this credit somewhat. The problem with Harper is that he keeps handing out tax credits and cutting taxes while all sorts of things go wanting.

For example, why isn't the Trans-Canada highway twinned its entire distance? That's just one of many infrastructure items that needs to be addressed.

Why isn't he paying off some of the $150 billion he's added to the debt in the past 6 years.

Why can we only afford two supply ships for the Navy? Or 65 fighters?

What about extra funding for healthcare in the coming years as the Boomers retire and start needing hip replacement and bypass operations?

The list goes on and on and adding these tax credits and tax cuts just keeps our necks above water, instead of actually getting ahead. Harper is doing exactly what Alberta is doing and that's keeping revenues and expenditures almost even. In Alberta, where there is almost no debt, that's okay, but we have over $600 billion at the federal level and some of it should be paid back.

[andyt]

Guys with high paying jobs, mostly. Flaherty wasn't a fan because it mostly benefitted these guys, while the full on program would have cost 2 billion.

You want to give a tax break, raise the personal deduction. Add another tax bracket at the top to take some extra income there, and cut out the spouse deduction. Why should the govt keep your non-working spouse in bon bons. Then increase the child deduction.

[OnTheIce]

Lemmy Lemmy:

OTI OTI:

You like to pretend you're high and mighty, the smartest guy on planet Earth when in fact, you're an Internet tough-guy who thinks he's better than all his e-acquaintances.

You're a rude, egotistical, condescending asshole that gets his kicks off of pretending how much better he is compared to a bunch of random and anonymous people on the Internet.

You're a random nobody on the Internet. Get over yourself.

OnTheIce OnTheIce:

And the discussion turns immature in 3....2.....1.

How does a man of your age still converse like a 10 year old?

You were saying?

Calling an spade a spade isn't immature...especially when it's the truth.

[DanSC]

OnTheIce OnTheIce:

Yep...because all the money that people keep, they never spend and it never gets back into the system in terms of tax revenue.

The people having more money to spend seems important in a system that uses a sales tax.

[andyt]

$1:

"It's an interesting idea. I'm just one voice. It benefits some parts of the Canadian population a lot. high income single earner families And other parts of the Canadian population virtually not at all," single earner families earning less than 45,000 a year.Flaherty told reporters following an event in Ottawa.

Earlier, Flaherty said the measure needs "a long, hard, analytical look" by experts "to see who it affects in this society and to what degree. Because I'm not sure that overall it benefits our society."

As for sales tax, it's been shown that lower income families spend a larger proportion of their income on sales tax, since they mostly have to spend what they earn right away.

Want to boost sales/VAT taxes, cut income taxes to lower income groups.

[DanSC]

andyt andyt:

As for sales tax, it's been shown that lower income families spend a larger proportion of their income on sales tax, since they mostly have to spend what they earn right away.

Yep; that's a big reason why we don't have a national sales tax.