Justin Trudeau is Doing a Great Job

[1trailmaker]

2 hours ago, ArcticCrusher said:

Again most middle class are paying more taxes with Truetard.

 

http://business.financialpost.com/opinion/what-middle-class-tax-cut-your-family-is-probably-paying-more-under-trudeau#comments-area

keep posting the same article from the same admitted Conservative think tank

Yes those that could take advantage of the one time income splitting year are going to be paying what they used to for 8 years of harper

Eliminating the income-splitting tax credit effectively meant an average $949 tax increase on middle-class families — defined as families with incomes between $77,089 and $107,624. That same middle-class group only benefited $228 (on average) from the government’s cut to the second-lowest income tax rate. Simply put, eliminating just the income-splitting tax credit more than offset the benefit of the tax rate reduction.

Pretty sad really no mention that ALL families that didn't get the income splitting now pay less

 

I don't mind reports but do mind ONEWAY reports

Why not give the numbers and dollars all people are paying? 

 

No mention that a single parent gets nothing under Harper?  why is that?

If a household has two earners at, say, $40,000 each, it would pay lower combined income taxes than a one-earner household with the same amount of income ($80,000)

[1trailmaker]

just an example of posts that are not adding up

 

The Fraser Institute, a conservative think tank, published a statement titled: “Income splitting not the best economic bang for the buck.”

“Reducing personal income tax rates would provide broader-based tax relief and an enormous improvement in our tax competitiveness while strengthening the incentives for work effort, savings, investment, and entrepreneurship,” the institute said. “Canadians would get far bigger bang for their buck with big-picture reforms such as broad-based personal income tax cuts than tinkering with income splitting.”

In fact, only about 15 per cent of households will benefit from the $2 billion a year in foregone federal revenue devoted to income-splitting,

https://www.thestar.com/news/canada/2014/11/07/conservative_tax_breaks_leave_out_vast_majority_of_households.html

 

now tax cuts for all are not good

Cutting income taxes is a laudable goal.  And 80% will pay more

 

 

Its clear Fraser twists the numbers just to get attention

 

 

 

[1trailmaker]

"Fully one half of the $3 billion in savings flowing from the 'middle class' tax cut will in fact go to the top 10% of individual tax filers who had taxable incomes of more than $89,200 in 2012. Beneficiaries include the top 1% with incomes of more than $222,000, though this elite group will face a new top tax rate of 33%, up from 29% today.

To summarize, the major gains from the 'middle class' tax cut will go to individuals with incomes between $89,200 and $200,000, roughly the top 10%, minus the top 1% who will pay higher taxes to pay for the tax cut for those below them on the income ladder."

[1trailmaker]

I remember you guys in rage over Harper

 

Indeed, tax cuts to corporations and rich people are definitely going to outlast Mr. Harper. The problem with such cuts is that you need to make up the revenue from somewhere else. Mr. Harper is missing that part of the equation.

After all, the Conservatives inherited a fiscally sound government. From 1997 to 2005, the Liberal government had budget surpluses. We paid down $92.7 billion of the national debt which freed up money to support programs. We were on the right track.

Since then our budgets have ballooned and we have had unprecedented deficits. The debt has increased by $171 billion. It is chomping a bigger and bigger portion of the federal budget. As anyone with a credit card knows, it is not the principal that gets you - it's the interest.

Our debt servicing costs are $29.3 billion per year or 11.1 per cent of the federal budget, according to the Fraser Institute. It is not often that I agree with the Fraser Institute but they, too, are worried about this government's ability to handle our finances.

 

 

you ONEWAYS are pretty funny

[franks pond]

[ArcticCrusher]

2 hours ago, 1trailmaker said:

keep posting the same article from the same admitted Conservative think tank

Yes those that could take advantage of the one time income splitting year are going to be paying what they used to for 8 years of harper

Eliminating the income-splitting tax credit effectively meant an average $949 tax increase on middle-class families — defined as families with incomes between $77,089 and $107,624. That same middle-class group only benefited $228 (on average) from the government’s cut to the second-lowest income tax rate. Simply put, eliminating just the income-splitting tax credit more than offset the benefit of the tax rate reduction.

Pretty sad really no mention that ALL families that didn't get the income splitting now pay less

 

I don't mind reports but do mind ONEWAY reports

Why not give the numbers and dollars all people are paying? 

 

No mention that a single parent gets nothing under Harper?  why is that?

If a household has two earners at, say, $40,000 each, it would pay lower combined income taxes than a one-earner household with the same amount of income ($80,000)

Personally household income should be just that, taxed by the total combined income, not individual.

See Harper gave people incentives when they spent money, thus stimulating spending.  Now this government makes most pay more but gives it away to low income families with more kids than they could otherwise afford, and you think that's great.  Live within your means people.

[ArcticCrusher]

2 hours ago, 1trailmaker said:

just an example of posts that are not adding up

 

The Fraser Institute, a conservative think tank, published a statement titled: “Income splitting not the best economic bang for the buck.”

“Reducing personal income tax rates would provide broader-based tax relief and an enormous improvement in our tax competitiveness while strengthening the incentives for work effort, savings, investment, and entrepreneurship,” the institute said. “Canadians would get far bigger bang for their buck with big-picture reforms such as broad-based personal income tax cuts than tinkering with income splitting.”

In fact, only about 15 per cent of households will benefit from the $2 billion a year in foregone federal revenue devoted to income-splitting,

https://www.thestar.com/news/canada/2014/11/07/conservative_tax_breaks_leave_out_vast_majority_of_households.html

 

now tax cuts for all are not good

Cutting income taxes is a laudable goal.  And 80% will pay more

 

 

Its clear Fraser twists the numbers just to get attention

 

 

 

You think the current Tards are doing that?

[ArcticCrusher]

2 hours ago, 1trailmaker said:

I remember you guys in rage over Harper

 

Indeed, tax cuts to corporations and rich people are definitely going to outlast Mr. Harper. The problem with such cuts is that you need to make up the revenue from somewhere else. Mr. Harper is missing that part of the equation.

After all, the Conservatives inherited a fiscally sound government. From 1997 to 2005, the Liberal government had budget surpluses. We paid down $92.7 billion of the national debt which freed up money to support programs. We were on the right track.

Since then our budgets have ballooned and we have had unprecedented deficits. The debt has increased by $171 billion. It is chomping a bigger and bigger portion of the federal budget. As anyone with a credit card knows, it is not the principal that gets you - it's the interest.

Our debt servicing costs are $29.3 billion per year or 11.1 per cent of the federal budget, according to the Fraser Institute. It is not often that I agree with the Fraser Institute but they, too, are worried about this government's ability to handle our finances.

 

 

you ONEWAYS are pretty funny

Harper's rich are the working class.  Trudeau's are the silver spooners never worked a day trust fund babies.  Who BTW were left alone from any tax changes.

[1trailmaker]

11 minutes ago, ArcticCrusher said:

Personally household income should be just that, taxed by the total combined income, not individual.

 

so you are saying 2 people making 70k each should be taxed at 140k? 

I think you missed quoted what you are trying to say which is

someone making 140k should be taxed at 70k if their partner doesn't work.

Funny how you now think people sitting at home not working deserve a tax break

[1trailmaker]

12 minutes ago, ArcticCrusher said:

You think the current Tards are doing that?

Just quoting FRASER

[1trailmaker]

11 minutes ago, ArcticCrusher said:

Harper's rich are the working class.  Trudeau's are the silver spooners never worked a day trust fund babies.  Who BTW were left alone from any tax changes.

you are smarter than that, stop posting stuff you know isn't true

 

AS for the rest you again know that isn't true and is proven with historical numbers -  Harper didn't help anyone but the well off

This fact has never been denied

[ArcticCrusher]

30 minutes ago, 1trailmaker said:

so you are saying 2 people making 70k each should be taxed at 140k? 

I think you missed quoted what you are trying to say which is

someone making 140k should be taxed at 70k if their partner doesn't work.

Funny how you now think people sitting at home not working deserve a tax break

It sounded right when I typed it.

On the bold, tell that to a stay at home or a mail order husband.

[ArcticCrusher]

29 minutes ago, 1trailmaker said:

you are smarter than that, stop posting stuff you know isn't true

 

AS for the rest you again know that isn't true and is proven with historical numbers -  Harper didn't help anyone but the well off

This fact has never been denied

I got a stay at home trust fund SIL who would fit that stereotype to a tee.

Edited September 27, 2017 by ArcticCrusher

[ArcticCrusher]

So Dr. Bob's treatment is giving Trudeaus MP's grief.  Good.

Well at least one thing is for sure, Trudeau Jr. will certainly replace his father as the worst PM in the history of Canada, and that is no easy feat.

 

https://globalnews.ca/news/3771614/analysis-why-are-trudeaus-mps-giving-him-grief-over-tax-reform-its-because-of-dr-bob/

[1trailmaker]

6 minutes ago, ArcticCrusher said:

So Dr. Bob's treatment is giving Trudeaus MP's grief.  Good.

Well at least one thing is for sure, Trudeau Jr. will certainly replace his father as the worst PM in the history of Canada, and that is no easy feat.

 

https://globalnews.ca/news/3771614/analysis-why-are-trudeaus-mps-giving-him-grief-over-tax-reform-its-because-of-dr-bob/

How refreshing to have a Party that doesn't silence its members like happened in the past decade - we can agree there

 

This tax reform thing isn't' going over well, as expected....  I read the article and one thing stuck out, Doctors leaving the country   not sure the USA with twice the taxes is gong to be better for them. 

 

Dr. Bob lol - he is so respected in our small town but he might leave -  Dr Bob more than likely is the richest person in that town, cheap housing and property taxes ect.  Leave for Toronto?   the only reason Dr. Bob would leave is because he wants to live in Toronto

His FEEs will not change but his cost of living and doing business will without a doubt leaving him with less money -  so I call bullshit on this article

 

Again these articles are missing so much - like numbered companies held by some  hiding billions in assets, becoming a foreign haven for tax shelter world wide  -  these are also real issues that need to be addressed.  How do we do this?

[1trailmaker]

1 hour ago, ArcticCrusher said:

I got a stay at home trust fund SIL who would fit that stereotype to a tee.

I wouldn't be to hard on these types, I have a feeling your kid will be the same -  5 million when your dead?  or twice that?

[ArcticCrusher]

1 hour ago, 1trailmaker said:

How refreshing to have a Party that doesn't silence its members like happened in the past decade - we can agree there

 

This tax reform thing isn't' going over well, as expected....  I read the article and one thing stuck out, Doctors leaving the country   not sure the USA with twice the taxes is gong to be better for them. 

 

Dr. Bob lol - he is so respected in our small town but he might leave -  Dr Bob more than likely is the richest person in that town, cheap housing and property taxes ect.  Leave for Toronto?   the only reason Dr. Bob would leave is because he wants to live in Toronto

His FEEs will not change but his cost of living and doing business will without a doubt leaving him with less money -  so I call bullshit on this article

 

Again these articles are missing so much - like numbered companies held by some  hiding billions in assets, becoming a foreign haven for tax shelter world wide  -  these are also real issues that need to be addressed.  How do we do this?

None of the measures by JT and Moroneau are addressing that and they have been called out, but ignore the question.

The only one to hit them would have been Harper when he changed the tax laws on testamentary trusts.

 

USA with twice the taxes?  Good grief.

Edited September 27, 2017 by ArcticCrusher

[ArcticCrusher]

52 minutes ago, 1trailmaker said:

I wouldn't be to hard on these types, I have a feeling your kid will be the same -  5 million when your dead?  or twice that?

He'll do just fine.

[1trailmaker]

38 minutes ago, ArcticCrusher said:

None of the measures by JT and Moroneau are addressing that and they have been called out, but ignore the question.

The only one to hit them would have been Harper when he changed the tax laws on testamentary trusts.

 

USA with twice the taxes?  Good grief.

corp taxes and small business

we are third lowest in the world USA is tops

 

 

 

 

 

 

maybe every chart in the world is wrong, this is possible

[1trailmaker]

41 minutes ago, ArcticCrusher said:

He'll do just fine.

I know he will, and he will have people like you saying he didn't earn any of it - right or wrong it will be said

 

So take it easy, a child can not chose his birth parents or their wealth

[ArcticCrusher]

3 minutes ago, 1trailmaker said:

I know he will, and he will have people like you saying he didn't earn any of it - right or wrong it will be said

 

So take it easy, a child can not chose his birth parents or their wealth

He wants to be a commercial pilot and has the brains, talent and backing to do it.  We shall see.

[1trailmaker]

1 minute ago, ArcticCrusher said:

He wants to be a commercial pilot and has the brains, talent and backing to do it.  We shall see.

cool job

[ArcticCrusher]

20 minutes ago, 1trailmaker said:

corp taxes and small business

we are third lowest in the world USA is tops

 

 

 

 

 

 

maybe every chart in the world is wrong, this is possible

The brain drain will be back.

The bigger issue will be the real innovators moving south as our tax advisors are projecting.

[ArcticCrusher]

14 minutes ago, 1trailmaker said:

cool job

Yes it is and he needs to follow his own path.

[1trailmaker]

1 hour ago, ArcticCrusher said:

The brain drain will be back.

The bigger issue will be the real innovators moving south as our tax advisors are projecting.

How about kick backs from drug companies?  we live in a "he's a pill" society - old people complain alot and take many pills for no reason other than profits

They (doctors) keep giving out pills and really have no idea what  you also taking, thankfully some Pharmacist catch the issues

 

The issue you bring up isn't going to stop and is nothing new