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Which tax would you eliminate?
Poll ended at Tue Nov 14, 2006 9:42 pm
GST  38%  [ 9 ]
Personal Income tax  50%  [ 12 ]
Corporate Income tax  0%  [ 0 ]
slow tax reduction  13%  [ 3 ]
Total votes : 24

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PostPosted: Sun Oct 15, 2006 9:42 pm
 


Assume for the moment that the government was able to completely pay off the debt. Which tax would you eliminate? There are 3 major federal taxes: Personal Income tax, Corporate Income tax, GST. Once the debt is gone you can get rid of one, but not two and certainly not all three. The government needs to get its money from somewhere. Provincial taxes are provincial responsibility, so this only deals with federal tax.

Eliminating GST is easy; interest on the debt is greater than revenue from the GST so once the debt is gone we could completely eliminate GST and still have a little money left over.

Personal Income tax is more difficult, in brings in more money. Completely eliminating this one would require increasing the GST back to 7%, undoing the capital gains deferral, and cancelling the Conservative cut to Corporate Income tax. It would also require replacing the GST rebate with an income tax credit that's double the current rebate. Of course once income tax is gone the tax credit would go as well. It also requires cutting cost of collection by ensuring CRA employees who currently work in personal income tax lose their jobs, are not relocated to another federal civil service job.

Corporate Income tax is not one I would want to cut, but I include this option to be complete. It also makes significant money, assume balancing the budget requires GST back to 7% as well.

Treating the debt as a mortgage could pay off the debt in 16 years. Small reductions in taxes are possible while paying it off, or extra payments to reduce the period a couple years. Another option is a slow reduction of taxes while slowly reducing the debt. In 5 years this could reduce basic personal income tax 1/2%, or GST by 1%. But this process would take 50 years to completely pay off the debt.


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PostPosted: Sun Oct 15, 2006 9:47 pm
 


GST and SIN


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PostPosted: Sun Oct 15, 2006 9:53 pm
 


All of them!


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PostPosted: Sun Oct 15, 2006 9:58 pm
 


Reform personal income tax to a flat rate more on par with the GST. Lower both the GST and corp tax.

grainfedprairieboy grainfedprairieboy:
All of them!


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PostPosted: Sun Oct 15, 2006 10:55 pm
 


Scape Scape:
Reform personal income tax to a flat rate more on par with the GST. Lower both the GST and corp tax.

grainfedprairieboy grainfedprairieboy:
All of them!


Anarchist


New Democrat


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PostPosted: Sun Oct 15, 2006 11:04 pm
 


grainfedprairieboy grainfedprairieboy:
Scape Scape:
Reform personal income tax to a flat rate more on par with the GST. Lower both the GST and corp tax.

grainfedprairieboy grainfedprairieboy:
All of them!


Anarchist


New Democrat


Then why would I want to lower the corp tax? Seriously, look at the definition of Anarchist:
$1:
Thus "anarchism," in its most general meaning, is the belief that all forms of rulership are undesirable and should be abolished.


If the shoe fits...


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PostPosted: Sun Oct 15, 2006 11:37 pm
 


Seeing as how we've long paid off the expenditures for World War 1, it's time to get rid of income taxes...


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PostPosted: Sun Oct 15, 2006 11:42 pm
 


bootlegga bootlegga:
Seeing as how we've long paid off the expenditures for World War 1, it's time to get rid of income taxes...
We've taken on a lot more social programs since then to pay for.


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PostPosted: Mon Oct 16, 2006 12:06 am
 


I'd go with the oldest known form of taxing/giving 10% income no other taxes of any kind "w-h-a-t-s-o-e-v-e-r "


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PostPosted: Mon Oct 16, 2006 7:07 am
 


Scape Scape:
grainfedprairieboy grainfedprairieboy:
Scape Scape:
Reform personal income tax to a flat rate more on par with the GST. Lower both the GST and corp tax.

grainfedprairieboy grainfedprairieboy:
All of them!


Anarchist


New Democrat


Then why would I want to lower the corp tax? Seriously, look at the definition of Anarchist:
$1:
Thus "anarchism," in its most general meaning, is the belief that all forms of rulership are undesirable and should be abolished.


If the shoe fits...


I want to eliminate a complete level of taxation and the corresponding social programs, transfer payments etc that go along with vacuuming 170 billion out of the Canadian economy each year. Let the provinces increase taxation to whatever level they have agreed is appropriate to cover their share of defence and other mutual "national" objectives.

The next level up from the federal tax would be a global tax placed on wealthy nations to transfer wealth to poorer ones. By golly it was called Kyoto and you supported that tax too as I recall.

Wanting more tax, even if its not much and you feel the reasons are really really justified, still makes you a New Democrat.

If the shoe fits........


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PostPosted: Mon Oct 16, 2006 7:09 am
 


Banff Banff:
I'd go with the oldest known form of taxing/giving 10% income no other taxes of any kind "w-h-a-t-s-o-e-v-e-r "


Its called "Tithing" and it is something not known to be practiced by a single liberal let alone be aware of what its called so don't sweat it.


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PostPosted: Mon Oct 16, 2006 7:20 am
 


How about taxes on fuel? Also federal income tax as well.


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PostPosted: Mon Oct 16, 2006 9:17 am
 


grainfedprairieboy grainfedprairieboy:
Banff Banff:
I'd go with the oldest known form of taxing/giving 10% income no other taxes of any kind "w-h-a-t-s-o-e-v-e-r "


Its called "Tithing" and it is something not known to be practiced by a single liberal let alone be aware of what its called so don't sweat it.


I highly doubt that even an atheist or someone who has never stepped into a church wouldn't know what tithing is except I wouldn't call it tithing because for some reason I don't think we should eliminate taxes completely. People would be killing each other within a month . Maybe we really need a civil war Cons vs Liberals , who would win ? :)


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PostPosted: Mon Oct 16, 2006 9:25 am
 


$1:
Maybe we really need a civil war Cons vs Liberals , who would win ?

lol the socialists would just have some signs and run around saying no more civil war, please stop killing us. Then some Tory tank would run them all over :P


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PostPosted: Mon Oct 16, 2006 9:27 am
 


RUEZ RUEZ:
bootlegga bootlegga:
Seeing as how we've long paid off the expenditures for World War 1, it's time to get rid of income taxes...
We've taken on a lot more social programs since then to pay for.


We've also added a lot more taxes since then (GST, sin taxes, gasoline taxes, etc).


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