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Want to get your tax hikes back? Vote Conservative next month! (pg. 2)
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View this Thread in Original format
| JRinger |
| quote: | Originally posted by Matt
when McGuinty took office, and they found out about the deficit, I was expecting McGuinty to break his promise about taxes... but he has also broken other promises that are inexcusable.
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you imply that the Liberals did not know that they were inheriting a deficit until AFTER they took office....thats blatantly false....it was public knowledge that there was an existing provincial deficit long before an election was ever called.... |
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| Jayx1 |
the Fiberals knew there was a deficit and the tories even acknowledged that there was one thanks to Mad cow, sars and a downturn in the economy last year. WHat the Fiberals did was add to the deficit and inflate the numbers to make it look even worse.
Sorry but i dont buy it. |
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| Matt |
| quote: | Originally posted by Jayx1
Something to think about
health care math...
47% of Canada's governmental operating budget goes to health care. Take an average income of $50,000. After income taxes and sales taxes alone you are already paying half in taxes.
So that means 25,000 of your money is paid as taxes and around 12,000 goes to health care. Now please tell me... would a private insurance company ever charge $12,000 per year per person for health care? Americans usually pay around $4000 per FAMILY. and that $12,000 isnt even including what private insurance covers through work which now includes EVEN MORE thanks to mcsquinty as of yesterday.
If this doesnt illustrate what waste our current system produces, i dont know what does.
Again, WE EACH PAY $12,000 per year for a CRAPPY health care system with huge waiting times...
Money is not the answer... REFORM IS |
sources? |
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| Allegory |
I'm going to say this nicely.
I feel that you may be offending a lot of people on this forum by blatantly imposing your views on us, and that is why there is a political forum to discuss these things.
I wish you could take a moment, step back, and consider that not all want to be pressure by your alarming thread lines. I, personally, don't appreciate someone vehemently siting their disposition.
thank you |
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| Jayx1 |
read any newspaper today and then complete the math..
dont beleive that? go to revenue canada and get the tax numbers and the spending numbers and then complete the math... |
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| Jayx1 |
| quote: | Originally posted by Allegory
I, personally, don't appreciate someone vehemently siting their disposition.
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Then simply DONT click on my threads...
thank you |
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| Jayx1 |
| PS they are only alarming because what is happening is alarming... |
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| crazedcanuck |
| quote: | Originally posted by Allegory
My, some people quickly forget about the last 8 years of hell that we've endured in this province.
and everyone wants there cake and eat it too.
Sometimes we have to give a little to rectify years of damage, and if you think for one momeent that the PCs are the answer, then you obviously have been living under your bed for 8 years or are siding with the affluent of society.
what we will end up paying is MINISCULE. Refer to todays globe and mail for a breakdown.
You want to yell and complain, then feel free to pay a visit to Ernie Eves, and Mr. Mike Harris, our obtuse former leader. |
Sally, first of all, the Federal and Provincial Conservative parites have nothing to do with eachother, especially since the old Tory party was split up over a decade ago, so those Federal, Provincial ties that bind say, Dalton and Paul, aren't exisitant.
Also, it was the wild spending of the NDP that did the damage in Ontario, and the Mike Harris government certainly did their fair share of damage as well, but let us not forget Uncle Bob, the man that forced our civil workers to take days off to save a few days salary. (Rae Days)
The Federal Liberals are largely to blame for the situation we are in @ the moment. They have cut bck the transfer payments to the provinces year after year. The Feds are supposed to split healthcare and other social aspects of our society 50-50 with the provinces and territories. That's the Canada I knew I grew up in. However, in order to say they were balancing the books, Finance minister PAUL MARTIN decided to cut the transfer payments to the provinces to show a surplus..
"Downloading" the financial burden to the taxpayer has been the biggest scam in politics in North America in the past 20 years. Anyone who lived in a small Ontario town proably remembers suddenly having to pay user fees for using their hockey rink, and other municipal services your taxes supposedly covered. Now it's happening with Healthcare.
And by the way, the Federal Governement share of our healthcare cost is @ 13%.
Remember that come vote time.
And Sally, who is more affluent, and a friend of the rich than the people that have been getting fat off of us for three terms now? |
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| Jayx1 |
Ask all the as companies in Quebec, the guy who headed up via rail and jane stewart who still cant come up with an answer to a missing $1 Billion to this day. Or how about Sheila copps and her promise to scrap the GST a la Chretien? The list goes on...
ITs time for the federal Fiberals to go...
They are no friend of health care with all the downloading they have done. The fiberals have done more to damage health care than anyone else i can remember all to make the book look balanced. The worst part will be when they start raising taxes again without lowering the taxes at the provincial and municipal levels just as the province has done now. |
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| Orko |
i was real pissed about the health care premiums until i read this:
i didnt know only peopel above a certain tax bracket were supposed to pay...
source
yes its still bull...but im not as mad considering i make less than $20,000
| quote: | How the new health tax — er, premium — will work
JAMES DAW
The new Ontario health premium is one strange tax, er, premium.
It will sure feel like a tax when it's added to our payroll tax deductions starting July 1.
Like income taxes, premiums will only apply to taxable income, after deductions for retirement savings, union dues, and child-care expenses. Those with low incomes will pay nothing, others will pay from a few dollars to $900 a year.
Premiums will rise with taxable income, at 6 cents per dollar above $20,000. Someone at $25,000 will pay $300 a year.
At higher incomes, the total premium will jump up in $150 increments to $450 at $36,600, $600 at $48,600, $750 at $72,600 and $900 at $200,600.
So that's somewhat like the progressive income tax brackets, which jump to a higher level of tax at certain thresholds. Between those thresholds, though, the premium will be regressive. It will shrink as a percentage of income the more the taxpayer makes.
There is one good thing about a regressive tax. Once you're paying the premium for a certain band of income, you will not be discouraged from working longer and harder to earn more.
The exception will be in a $600 band of income near the thresholds, when the additional premium will be like a flat 25 per cent tax.
Take someone who makes $36,000 a year. If he or she works overtime to earn $600 extra, $150 will go to the premium. After paying income taxes, Canada Pension Plan and Employment Insurance premiums, the taxpayer will be a minority participant in the extra income.
Someone right at the threshold will keep less than half of a $600 raise. Heather O'Hagan of KPMG calculates the marginal tax rate and premium rate would be 64 per cent at $36,000, 56.1 per cent at $48,000 and 68.4 per cent at $72,000.
Donald Drummond, chief economist for the Toronto Dominion Bank, said there may be some situations where a person would lose almost the entire $600 raise. The person could also see a reduction in the Canada Child Tax Benefit, the goods and services tax credit and provincial tax credits for low-income earners.
"It's bizarre," argues Drummond.
"You would be forced into tax planning. There is no way that anyone is going to report (taxable income) between $36,000 and $36,600."
Taxpayers could defer taxes and avoid the extra premium on $600 of income by making a contribution to a registered retirement savings plan. Some, Drummond suspects, will merely avoid reporting some income.
He said the government would have avoided the perverse marginal tax rates by applying a surtax, as is done at higher incomes.
Apart from these troubling points, Ontario will not hit low-income earners as hard with health premiums as Alberta and British Columbia.
Provincial revenue officials say more than half the $2.4 billion in annual health premiums will be borne by taxpayers with a taxable income of more than $50,000. More low-income earners will avoid the premium here than in other provinces.
In Alberta, a single earner pays $528 in premium once as his or her taxable income reaches $15,970. In British Columbia, the maximum of $648 per single taxpayer starts at $24,001.
So an individual taxpayer in Ontario will not pay more than in Alberta unless his or her taxable income is more than about $48,300, and not more than in British Columbia unless income exceeds $72,000.
Spouses who each report $25,000 of annual taxable income would pay a total of $600 in premium, compared with $1,056 in Alberta and $1,152 in British Columbia.
In addition to the health premium, high-income earners are hit by a surtax that was originally called the Fair Share Health Care Levy.
The name disappeared in 2000, but the surtax remains. It's 20 per cent of provincial taxes on employment income between $60,774 and $71,044, and 56 per cent of provincial taxes beyond that. |
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| Allegory |
Thanks for the article.
what is the source or web address? |
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| rabbitjoker |
Ontario Finance Minister Greg Sorbara tabled the Provincial budget Tuesday, calling on Ontarians to shoulder much of the fiscal responsibility to get the province back on track by freezing spending in 15 ministries and re-establishing a health premium. To let Premier McGuinty know what you think of the Liberal budget you can contact the Premier at...
Phone Number: (416) 325-1941
Fax Number: (416) 325-7578
E-mail: [email protected] |
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