When normals get in financial trouble, we cut back on spending, forgo the wants and re-evaluate the necessities. If the situation is bad enough we have to declare bankruptcy.
When Shiny Pony gets in a financial mess, his mouth flaps. The attack on small business owners is well under-way. The smear job is official. Ten Million for terrorists, $373-million for Bombardier, the back of the hand for the driven.
“I want to be clear,” Trudeau told the assembled MPs.
“People who make $50,000 a year should not pay higher taxes than people who make $250,000 a year.”
Notice how Trudeau completely ignores the fact the corporations and the employees pay taxes? And that the sum total of those taxes are nearly equal to the personal tax a straight up employee making the same amount will pay? How he ignores the fact of tax integration?
You might be called an idiot if you think the employees of Bell should pay more in taxes to top up what Bell Communications Inc. pays, no?
Related:
Lib MP @DrRobbieO says tax hikes will only affect those "sitting in their gated communities." Here's one at his gated community in rural SK. pic.twitter.com/Vuz9eGUUVF
— Brad Wall (@PremierBradWall) September 6, 2017
The reason why people earning 50k per year have it difficult is because the government takes it away from them.
In Ontario, raising the minimum wage will increase the gvoernments tax take at no cost to the government.
I am sure the CPC is overjoyed with this early election gift the Liberals are giving it.
Russ,
You are mixing up tax payments and tax rates. Someone making $300,000 per year and saving $48,000 from a corporate structure isn’t saving much money due to the fixed costs of the corporation.
At any rate someone paying 25% tax on $300,000 is paying $75,000 in tax. How can someone making $50,000 pay more tax than that?
Russ – even at the lower rate , they are still contributing a lot more tax . They are also likely working many more hours . If they are incorporated it is also likely they are employing people who pay taxes . Now I ask you again do you really believe they are consulting too ?
You didn’t build that…. sound familiar
50 k is the bottom of the pile.