quote:

Originally posted by AwakenedAddict The conservatives actually raised tax rates on the lowest income group from 15-->15.5%!

Actually the rate in the Income Tax Act (Section 117) is still 16%.

The Lieberals did not actually lower taxes, they just lied about doing so. The "mini-budget" was just a proposal by Minister Goodale (a completly political move), but the law was never actually changed. To make things worse, they sent out revised tax forms costing $20 MILLION, conveniently right smack in the middle of the election campaign.

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Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

Is that BEFORE or AFTER the increase in personal deduction limits? It went from 8500 to 10,000. Id say thats a pretty good tax cut for everyone. And they didnt raise taxes, they just didnt implement the liberal tax cut which by the way was a last ditch effort to bribe voters just before the last election. There is a big difference in that. We NEVER saw 15% because the liberal government never lasted long enough after it was passed to see it through.

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Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

quote:

Originally posted by ShadoWolf Actually the rate in the Income Tax Act is still 16%.

Shhhh dont confuse liberals with facts. It just flusters them LOL

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Originally posted by jester Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

quote:

Originally posted by ShadoWolf Actually the rate in the Income Tax Act (Section 117) is still 16%. The Lieberals did not actually lower taxes, they just lied about doing so. To make things worse, they sent out revised tax forms costing $20 MILLION, conveniently right smack in the middle of the election campaign.

That's funny.. I'm in the lowest tax group and when I did my taxes the rate was 15%.

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

The Conservative propaganda wagon rolls out on cue!

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

quote:

Originally posted by AwakenedAddict The Conservative propaganda wagon rolls out on cue!

I'm just educating you on the facts.

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Current to May 22, 2006 RSC 1985 c1 (5th Supp) s117 [eff June 14, 2001 to ] Income Tax Act R.S.C. 1985, Chapter 1 (5th Supp.), as amended PART I -- Income Tax DIVISION E -- Computation of Tax Subdivision a -- Rules Applicable to Individuals SECTION 117 Tax payable under this Part 117.(1) For the purposes of this Division, except section 120 (other than subparagraph (a)(ii) of the definition "tax otherwise payable under this Part" in subsection 120(4)), tax payable under this Part, tax otherwise payable under this Part and tax under this Part shall be computed as if this Part were read without reference to Division E.1. Rates for years after 2000 117.(2) The tax payable under this Part by an individual on the individual's taxable income or taxable income earned in Canada, as the case may be, (in this subdivision referred to as the "amount taxable") for a taxation year is 117.(2)(a) 16% of the amount taxable, if the amount taxable does not exceed $30,754; 117.(2)(b) $4,921 plus 22% of the amount by which the amount taxable exceeds $30,754, if the amount taxable exceeds $30,754 and does not exceed $61,509; 117.(2)(b.1) $11,687 plus 26% of the amount by which the amount taxable exceeds $61,509, if the amount taxable exceeds $61,509 and does not exceed $100,000; and 117.(2)(c) $21,695 plus 29% of the amount by which the amount taxable exceeds $100,000, if the amount taxable exceeds $100,000.

The only propaganda here was from the Lieberal Minister who, in the middle of an election campaign, claimed he lowered taxes (when in fact he did not, and may never had truly intended to). Even worse, he spent $20 MILLION of taxpayer dollars to send out revised forms, even though the Act itself had not been changed.

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Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

Last edited by ShadoWolf on May-23-2006 at 17:51

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Highlights of the 2006 Federal Budget: Personal Tax Rate Changes source:http://www.kpmg.ca/en/services/tax/tnf/tnfc0618.html Low personal tax rate changes — The government announced that it will legislate the previously proposed 15% low tax rate for 2005 on income up to $35,595, and increase the rate to 15.5% as of July 1, 2006. The low rate also applies for purposes of calculating the various federal tax credits. The government also confirmed changes to the basic and personal amount, as shown in the table below: 2005 2006 2007 Effective low personal income tax rate 15% 15.25% 15.5% Upper threshold for income taxed at low tax rate $35,595 $36,378 Indexed Basic personal amount $8,648 $8,839 Indexed + $100 Spouse or eligible dependant amount $7,344 $7,505 Indexed + $85

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

quote:

Originally posted by AwakenedAddict

Yes, what's happening is that the government is honouring the former Minister's proposal for 2005, probably because people who aren't familiar with the situation would be outraged if they had to pay back taxes (the extra 1%) based on the revised forms they filled out.

The tax rate for 2006 will drop to 15.5%.

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Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

Ahh yes.

However, the point of me posting the original article is elucidated by this distinction. The proposed 2005 liberal budget (for taxes to be paid in 2006) was used to calculate 2006 income taxes. Yet, when the Conservatives claim responsibility for the tax reductions, they don't use the figures from the 2005 proposed budget(for taxes to be paid in 2006), they use the figures from the 2005 budget.

Can't have the best of both worlds.. chose one method or they other boys.

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."

quote:

Originally posted by AwakenedAddict The proposed 2005 liberal budget (for taxes to be paid in 2006) was used to calculate 2006 income taxes.

Actually that's not quite true. Taxes payable aren't determined until the tax year is over (so Jan 1, 2007). If changes were made to withholding, they were due to Ministerial perogative (shaky legal ground at best... illegal at worst). Again, the Income Tax Act was not changed.

quote:

Yet, when the Conservatives claim responsibility for the tax reductions, they don't use the figures from the 2005 proposed budget(for taxes to be paid in 2006), they use the figures from the 2005 budget. Can't have the best of both worlds.. chose one method or they other boys.

They are using one method: they refer to the actual law, not promises made by desperate politicans.

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Nathan Fake - Outhouse (Valentino Kanzyani Remix) || ID PLZ! PVD ID!!!
Disco and classical had sex while watching a sci-fi movie. Their child: trance.

quote:

Originally posted by ShadoWolf Actually that's not quite true. Taxes payable aren't determined until the tax year is over (so Jan 1, 2007). If changes were made to withholding, they were due to Ministerial perogative (shaky legal ground at best... illegal at worst). Again, the Income Tax Act was not changed.

So to sum up.. The liberals implement a 15% income tax rate on the lowest income group in the 2005 proposed budget. The conservatives get elected in the meantime and allow the 15% tax rate to be unchanged for taxes paid April 2006 (despite the income tax code stipulating 16% for that income group). The proposed liberal budget is discarded since they are no longer in office and the conservatives implement a 15.5% tax rate in the 2006 budget.

So the conservatives are in actuality lowering taxes for the lowest-income-group. However, they failed to do so to the extent that the liberals had proposed. Still, the conservatives fashion themselves as the "tax reduction party" in order to gain support from low-income constituencies.

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They are using one method: they refer to the actual law, not promises made by desperate politicans.

Get off your high horse! It's one thing to to compare the liberals and conservative on legislation, it's another thing to slander a party based on generalizations. (You're doing pretty well with the facts, and creating an argument around them, but when you say things like "promises made by desparate polititians" & "lieberals" you just looks un-intelligent)

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"It's mercifully over. But a new phenomenon has taken hold. I recognize it: feelings. Now that they're back, even overcompensating, I never want to lose them again. Bitterness, anger, jealousy, sadness: They all make me happy."