Outraged critics accuse the Liberal government of a hidden agenda to make Canadian families pay more and more while business accounts for less of Ottawa's total revenues.
This reflects a long pattern of steadily increasing the take from individuals while expecting less from corporations, says tax expert David Perry.
Sixty years ago, just after the Second World War, the tax burden was evenly split between individuals and corporate Canada, says Perry, a senior researcher with the Canadian Tax Foundation.
Today, about 75 per cent of federal tax revenues come from individuals and only about 25 per cent from the business sector.
http://www.mytelus.com/news/article.do?viewType=print&articleID=1870776
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Bottom half of that article includes a graph showing just what the article talks about.(<a href="http://www.canadiandemocraticmovement.ca/images/news/taxgraph.gif">www.canadiandemocraticmovement.ca/images/news/taxgraph.gif</a> for the image itself) As corporate taxes decrease, your taxes go up. The majority are now paying for the minority - nobles never left.
Stalin would be proud of his boys.
Be prepared to see taxx double over the next five years to further pad the 'AmericanWay"
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A little peice of heaven is found in good deeds.
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Dave Ruston
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A little peice of heaven is found in good deeds.
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Dave Ruston
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Dave Ruston
- People who benefit from vehicles and meals & entertainment expense accounts in a business need to see a taxable benefit on their own income. This is not policed enough.
- Businesses should not be exempt from consumption/sales taxes. Make everyone pay and lower the rate.
- Taxes on business should encourage the payroll and discourage offshoring. Current tax structure does the opposite, so by lowering business taxes (payroll for example) you just might increase revenues overall.
- Taxes on businesses should encourage production and value-add and discourage waste
- lowering business taxes while eliminating all the loopholes gives the edge to small businesses who are responsible for nearly all the growth and employment, but who can't afford fancy accountants. Having high business taxes encourages loopholes, influence peddling and offshoring.
- businesses like financial services providers (brokers) should not get a free pass from collecting GST. We'd all pay less if the brokers and banks had to collect GST on their fees (note: not on the value of the investment, just on the fees). I'd gladly pay it on my banking service charges if everyone did.
- tax capital gains fairly. Not doing this is a real problem, since combined with stock options it encourages short term cap/growth behaviour in the executives instead of long-term, dividend-oriented growth. Who wants to earn high-tax dividends, when they can earn low-tax capital gains? I'd reverse it and lower tax on dividend income, then the shareholders would pressure corporations to pay them.
The more people earn a higher living and pay taxes on that living, the more solvent the public treasury. Tax policy should make sure as many people as possible can secure the best living possible.
Struggling small businesses need just as much support from tax-shift advocates as struggling individuals--they are usually the same people!
The rich have loopholes and tax lawyers that make sure they don't pay taxes.
The poor and the people whose lifestyle prevents them from earning a wage receive entitlements from their extensive support system of lawyers, community groups, and politicians.
They take my money as I make it, before I cash my paycheck. And they give me nothing but a sense of exasperation over how contemptuous they treat guys like me. It is robbery made legal. Everyone has more juice than the people who pay for it all. It is a perverted system with many people suggesting I should be giving more.