80% of Canadians think our governments should tax the rich more, according to a newly released poll from Ipsos.

[barnacler]

let them leave for fuck sake. They already do not pay their tax. Can’t be worst

That is untrue.



" The share of income taxes paid by the top 1 percent (17.9 percent) is more than two-thirds (67.1 percent) larger than the share of total income earned (10.7 percent) by this group. Canada’s top income earners currently pay a disproportionate share of taxes relative to the share of income that they earn. Those who advocate higher taxes on top income earners are, in effect, arguing that top earners should be paying an even more disproportionate amount of taxes. This raises the question of how much is enough in terms of taxes paid by top income earners. But it is also important to recognize that taxes cannot be continually raised on top income earners without economic consequences. The reality is that higher tax rates would further erode Canada’s tax competitiveness, discourage economically productive activity (work effort, savings, investment, and entrepreneurship), hinder the country’s ability to attract and retain top talent, and dampen the incentives for income mobility "

 

[barnacler]

I do have what it takes to marry any status but the people with the most money are not the happiest

Good thing you don't want to make them unhappier, I salute you.

 

[jerbear15]

What do you think ?

Why should the wealthy/successful people pay more in tax? Taxes are already high and why should they be punished? It's usually the unsuccessful people in life that say that. Why should the wealthy pay more to help the unsuccessful people in life.

 

[basketcase]

It's not about tax rate. It's about all the manipulation very rich do for paying any tax at all.

Exactly. When a corporation or individual's actual tax rate is 0%, they're no a contributing part of our society.

 

[jalimon]

Exactly. When a corporation or individual's actual tax rate is 0%, they're no a contributing part of our society.

Majority of people do not understand how rich people work it out.

They borrow!!! A rich guy will borrow to buy his 1 million yacht. The bank will loan at a very low interest rate (like 1%..). because the loan is backed by a solid investment shares. While the rich guy has not took out any money out of is pocket, will still get 4 to 7 or8% on his investments and happily pay the 1%. interest..

All while not paying any yearly taxes because he did not pull out any money out of his investment account...

I know I know this is over simplified but that is basically the mechanic...

Cheers,

 

[danmand]

Majority of people do not understand how rich people work it out.

They borrow!!! A rich guy will borrow to buy his 1 million yacht. The bank will loan at a very low interest rate (like 1%..). because the loan is backed by a solid investment shares. While the rich guy has not took out any money out of is pocket, will still get 4 to 7 or8% on his investments and happily pay the 1%. interest..

All while not paying any yearly taxes because he did not pull out any money out of his investment account...

I know I know this is over simplified but that is basically the mechanic...

Cheers,

That ride is over when interest goes back to it's historical average of 7%.

 

[Darts]

"Trudeau is right: 40% of Canadians don’t pay income taxes, which means someone else is picking up the bill Back to video. On average, two of every five Canadian households do not pay anything towards federally and provincially funded expenses such as health care, education, community and social services, national defence, public safety and even the good old Canada Revenue Agency."

Another 40% draw 100% of their paycheque from taxes.

Trudeau is right: 40% of Canadians don’t pay income taxes, which means someone else is picking up the bill | Financial Post

 

[james t kirk]

I think there are only two of us with $500MM boats. Me and some guy who won the Superball lottery. Here's a pic of my boat below.

Personally, I think lottery winnings should be taxed 100%. I think they are tax-free now.

View attachment 185112

News flash buddy

Lotteries are already a tax.