1trailmaker
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Posts posted by 1trailmaker
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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.
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?
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3 hours ago, 02sled said:
It's called private business which pays based on market supply and demand for the position. Not what an over inflated over paid government bureaucracy decides. You're pretty stupid when it comes to real life real business outside of your government union protected bubble.
3 hours ago, 02sled said:You nailed Fail to a tee. Business isn't supposed to make profit and if it does the profit belongs to the employee rather than the business owner who is taking all the risk. If the business loses money the employee still gets paid the same and the business owner takes the loss in Fail world.
You are welcome at the grown up table anytime, but you have to act like one to be able to stay
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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
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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
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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
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"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."
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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,
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
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2 hours ago, ArcticCrusher said:
Again most middle class are paying more taxes with Truetard.
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)
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any Frank fans?
seen dweezil 6 times and will see him every chance I get. Master band
Scheila Gonzalez on wind and keyboard is the ultimate
anyway Frank Fans enjoy it
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11 minutes ago, ArcticCrusher said:
Actually, I wouldn't mind your area, but realistically it would not work for us.
I have no problem living at the cottage, its the wife I'm not sure about.
never happen with my wife she barely goes now lol
My place is too much out in the middle of nowhere, "all work and no play makes Jack a dull boy" could be come the quote winter one
either way moving sucks ass, only time it might be good is the day you leave Mommy and Daddy
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1 minute ago, The Rocket said:
Tax the "rich" that is the answer to all your problems.
Then out of the other side of you mouth you say the government employees making $100k a year + need to make more.
You're a fool.
YOU SHOULD BE TAXED MORE IS WHAT i SAID
second I said the 100k list is worthless, never once asked for more money - I did say all wages need to go up
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22 minutes ago, ArcticCrusher said:
Its only 2 million. Besides where would I go? We are redoing the cottage in about 2 years but realistically we can't move up for about 10 years.
lots of places to move to, nice bungalow 2800sf 1 acre land plenty of room for the loins at the driveway
1 million
moving to the cottage isn't all its cracked up to be
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5 hours ago, ArcticCrusher said:
Let it be someone else's problem.
How about you? I here they are looking at a 10% correction next year in housing. Great job Trudeau.
HOUSING IN THE GTA needs a correction from insane to just below insane 1.1 million shithole drops to 990 000 big deal
zero to do with the government - and for you to wish this insane price game to continue is dumb too
be thankful you have that 3 million price tag for you home, cash in soon
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1 hour ago, The Rocket said:
Ya - we don't pay enough!
Only 9.4% of taxpayers make $100K or more and collectively pay 73.1% of ALL FEDERAL INCOME TAX.
HIGH-INCOME CANADIANS PAY FAIR SHARE OF TAX: REPORT
Staff, with files from The Canadian Press / September 25, 2017
Two new reports offer insight on Canadian taxpayers, as tax fairness takes centre stage in the wake of Finance’s proposed tax reforms for businesses and incorporated professionals.Read: How Finance’s tax proposals will squeeze biz ownersA study from the Canadian Taxpayers Federation, which uses data from 2014, finds that people who make more than $100,000 account for just 8.4% of taxpayers but pay 52% of the total tax bill. And those with incomes of $250,000 or higher represented 1% of all tax filers in 2014, and paid 21.1% of all federal income tax.“Prime Minister Justin Trudeau recently claimed that the middle class pay too much in taxes and the wealthiest don’t pay enough,” says study author Mark Milke, in a release. He’s referring to comments made by Trudeau earlier this month after a caucus meeting in Kelowna, B.C.
“The middle class could always use a tax break. But it is false to say higher-income Canadians do not pay their fair share,” says Milke.
The Canadian Centre for Policy Alternatives says just 0.7% of Canadian families are going to be impacted by the government proposal to not allow businesses to sprinkle income to other family members.
Read: How proposed tax changes target income sprinkling
Prime Minister Justin Trudeau says the government is figuring out how to ensure the proposed small business tax changes will make the tax code fair without stifling growth for small businesses and startups.
The Liberals have been saying for weeks the proposals circulated in a discussion paper by Finance Minister Bill Morneau in July were meant for discussion, and the final legislation will take into account feedback from Canadians.
There is no doubt we pay too much to the feds today and yesterday - when I brought this up under Harper you all disagreed
You should be taxed extra just for being a ONEWAY nuisance
A recent U.S Congressional Budget Office study found that Canadian corporations, on average, paid an effective tax rate of 8.5 per cent — a lot lower than the statutory combined federal and provincial corporate tax rate of 26 per cent.
Every year, the richest 10 per cent get tax breaks of almost $58 billion. Those breaks have an impact on our capacity to deliver the services that make Canada a great place to live: health care, child care and education.
RR if we are going to protect these huge money earners, you and I will be the ones to pay the bills - take your pick
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4 hours ago, ArcticCrusher said:
Cause its the low end of middle class for couples. Being single doesn't help.
They purposely left out the welfare mamma's with 5 kids cause that would skew the numbers.
left out single mom making 49k who pays less tax and receives way more today than yesterday
Notice they only compared it to last year of Harper when he added income splitting -
Lets agree they didn't just say 80% of workers pay more, they didn't give that number for a reason ONEWAY
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8 minutes ago, ArcticCrusher said:
Wow, let me have some of that.
Inflation doesn't cover their costs, that's why the units are mostly shitholes.
You can apply for increases for repairs - they are shit holes because most owners don't give a rats ass just like the tenants - it goes hand and hand.
condos are worse as bad with maintenance fees going up and up
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3 hours ago, Sksman said:
So when are you installing my interlock?
Answer the question as its not about profits right? You were pretty clear.
As for REIT they like cash flow and the government has put a crimp in their future growth.
Short term is completing projects too far along. Long term they can change. And as others are i expect they will.
3% increase covers nothing on a rental unit. Proerty taxes eat that up. Forget all the other increasing costs.
20 more buildings coming
BOLD is an interesting comment - explain that for say a 200 unit building
Justin Trudeau is Doing a Great Job
in Ontario
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?