Canadians want a wealth tax and are willing to vote for it

[Anbarandy]

You are making my point. People with a lot of income and/or assets have the financial ability and motivation to seek out these schemes. There are many perfectly legal deferral opportunities to which only the rich have access. The point is that the marginal rates are irrelevant if people are not paying them.

By the way I am in the highest bracket and I do not pay at that rate. I make use of some of these deferral and saving opportunities, all legal. I think that theses opportunities should be examined as most serve no purpose whatsoever other than to allow people like me to pay less tax. An increase in my tax burden would not affect my decision to stay in Canada one bit. Do I like paying a lot of tax? Not at all. But I understand that is the cost I pay of being successful financially which Canada has made possible. And I also understand the BS that goes into these arguments about how excessive our tax system is and how it is impeding business at a time when stock markets and corporate profits are at record highs. So lets get real and just say people with a lot of money don't like paying a lot of tax. Or any tax for that matter. That is the only argument which is true.

Bang on.

Same with LaRue and his marginal tax rates for corporations of 26.5%, which of course hardly any corp. ever actually pays. Their net rate is actually 15% and which of course many escape from paying too.

 

[james t kirk]

listen asshole ive never went one year without paying taxes dont give me this hollior than thou bullshit. many sex workers pay taxes so they dont get there banks frozen. its people like you that make me sick when it comes to your politics. people like you cause humans to die. so enjoy your selfish thoughts but when you pass on you wont be going up. i work as an entertainer for the last 2 years since covid. im done talking to you guys like you are a dime a dozen.

Touched a nerve eh? The hypocrisy nerve I would suspect.

I'm sure you pay a token amount of taxes to keep the heat off. Maybe you have some token job somewhere where you are on a payroll, or maybe you declare a small amount of your SP income. But I'm 100 percent sure you don't pay everything you owe. Not by a long shot. Nothing beats cash for its lack of a paper trail.

 

[james t kirk]

Personal attacks like this ha no place here.

It's not a personal attack on her. I didn't call her names. I just pointed out her hypocrisy with respect to her figuring that other people should pay more in tax when she operates a cash business and without a doubt doesn't pay the full amount of income tax that she's legally supposed to.

I didn't call her an asshole, but she called me that. That's a personal attack.

 

[danmand]

Bang on.

Same with LaRue and his marginal tax rates for corporations of 26.5%, which of course hardly any corp. ever actually pays. Their net rate is actually 15% and which of course many escape from paying too.

+ 1 .

 

[danmand]

It's not a personal attack on her. I didn't call her names. I just pointed out her hypocrisy with respect to her figuring that other people should pay more in tax when she operates a cash business and without a doubt doesn't pay the full amount of income tax that she's legally supposed.

It was a personal attack, and you are continuing it. Accusing somebody of cheating on paying taxes is injurious.
If you were not on an anonymus site, she could sue you.

 

[saxon]

Bottom line is everyone could be paying less tax if our idiotic politicians would stop pissing away so much of our hard earned money.

 

[oil&gas]

The more they tax the bigger the deficit is going to be. The
extra money confiscated from the filthy rich will just go into
the pockets of more civil servants. We need a dead ringer of
Greta Thunberg to scold our leaders for passing our debt to
future generations.

 

[jcpro]

Higher taxes kill productivity and promote corruption. Anyone working in a higher income field can see that. Where I work we cannot get employees to put in overtime and/or work over 5 days week. We're too big to offer "other incentives" and we often lose decent workers to small outfits who do. The trades are being bartered to keep them off books, massive bribes are being buried in projects and incorporated in quotes not to mention the "miracle growth" of the small projects over the weekends. Everyone is aware of this from the building inspector to city planners, permits departments, banks, politicians, etc.

 

[Claudia Love]

Touched a nerve eh? The hypocrisy nerve I would suspect.

I'm sure you pay a token amount of taxes to keep the heat off. Maybe you have some token job somewhere where you are on a payroll, or maybe you declare a small amount of your SP income. But I'm 100 percent sure you don't pay everything you owe. Not by a long shot. Nothing beats cash for its lack of a paper trail.

Isn't it amazing that your only target for workers about taxes is a sex worker and you turn a blind eye to corporations. I don't like being picked on by bullies so spare me your think you know it all attitude and stick it up your ass because your dumber than you look.When a lady says shes done talking to you do not keep engaging like a nutbar escorting101. Take a hike dude. if you really must know i laughed at your initial post but ive witnessed undeserable clients play the tax card to escorts they have sex with. the only hypocrite is you. now scram lol

 

[danmand]

Higher taxes kill productivity and promote corruption. Anyone working in a higher income field can see that. Where I work we cannot get employees to put in overtime and/or work over 5 days week. We're too big to offer "other incentives" and we often lose decent workers to small outfits who do. The trades are being bartered to keep them off books, massive bribes are being buried in projects and incorporated in quotes not to mention the "miracle growth" of the small projects over the weekends. Everyone is aware of this from the building inspector to city planners, permits departments, banks, politicians, etc.

Please be careful. It is inherently risky to work for a corrupt company.

 

[jcpro]

Please be careful. It is inherently risky to work for a corrupt company.

Re read my post, especially the part where it says we do not offer "other incentives ".

 

[downbound123]

"I have good news and bad news.

The good news is, Canadians have enough money to pay off our debt and for all the Covid relief programs, fully resolve all climate change issues, buy 100 F35’s, 200 nuclear subs, 5 aircraft carriers, 35 new frigates, 350 new helicopters, high speed trains from coast to coast, build all needed new hydro infrastructure, solve the indigenous land claim issues, and make QC happy within confederation!

The bad news is, it's still out there in our pockets."

 

[oil&gas]

"I have good news and bad news.

The good news is, Canadians have enough money to pay off our debt and for all the Covid relief programs, fully resolve all climate change issues, buy 100 F35’s, 200 nuclear subs, 5 aircraft carriers, 35 new frigates, 350 new helicopters, high speed trains from coast to coast, build all needed new hydro infrastructure, solve the indigenous land claim issues, and make QC happy within confederation!

The bad news is, it's still out there in our pockets."

Well then communism is the only way to resolve climate change
and other issues. If only we can bring back Joseph Stalin to
replace Trudeau we could have all those things.

 

[danmand]

Re read my post, especially the part where it says we do not offer "other incentives ".

If you are saying that your company is not involved in corruption, that is good for you and I am happy for you.

But then you are of course posting hearsay.

 

[toguy5252]

Well then communism is the only way to resolve climate change
and other issues. If only we can bring back Joseph Stalin to
replace Trudeau we could have all those things.

Not sure why you think it is a binary choice.

 

[Claudia Love]

 

[danmand]

Not sure why you think it is a binary choice.

People on the right always drag out a bogeyman.

Wealth tax = Stalin

 

[oil&gas]

Seriously, once our government reclaim the unpaid tax dollars
from the slimy billionaires how and where do you want it to spend
the money?

 

[Claudia Love]

Seriously, once our government reclaim the unpaid tax dollars
from the slimy billionaires how and where do you want it to spend
the money.

well to help pay for the recovery of COVID
Sad thing is a 1% wealth tax wouldn't even balance the pre-covid budget.sO I'm not sure why everyone has their briefs in a bunch except for a minority on this thread.

 

[Frankfooter]

Not sure why you think it is a binary choice.

As our oil industry local spokesman, his duty is to attack those who want to do something about climate change in every thread.