[Newsbot]

Title: PQ acts on pledge to tax the wealthy
Category: Provincial Politics
Posted By: QBall
Date: 2012-09-28 09:21:03
Canadian

[martin14]

Watch a lot of Quebec companies lose a bundle in Q4.

A lot of other money will leave, good news for Ontario.

[BartSimpson]

A retroactive tax increase? Try that in the USA and there'd be blood.

[DrCaleb]

BartSimpson wrote:

A retroactive tax increase? Try that in the USA and there'd be blood.

The PQ will just blame the feds for not changing the transfer payment formulas, and Quebecers will buy it.

[Unsound]

BartSimpson wrote:

A retroactive tax increase? Try that in the USA and there'd be blood.

i really really hope there is in Quebec too. That's such a dirty thing to do to people.

[CanadianJeff]

From the story it sounds like a 3 to 4 percent increase. That's actually not so bad. I was thinking from the tone of the piece it was going to be more of a 10% increase.

But to make it retroactive. I hope she gets skinned alive.

[DanSC]

BartSimpson wrote:

A retroactive tax increase? Try that in the USA and there'd be blood.

Try that anywhere, actually.

[Gunnair]

Unsound wrote:

BartSimpson wrote:

A retroactive tax increase? Try that in the USA and there'd be blood.

i really really hope there is in Quebec too. That's such a dirty thing to do to people.

Really? Baying for violence now or was that tongue in cheek?

[OnTheIce]

Good way to run business and wealth out of your Province. Well done!

[Proculation]

CanadianJeff wrote:

From the story it sounds like a 3 to 4 percent increase. That's actually not so bad. I was thinking from the tone of the piece it was going to be more of a 10% increase.

But to make it retroactive. I hope she gets skinned alive.

For 130,000$ to 249,999$ it passes from 24% to 28%
For 250,000$+ it passes from 24% to 31%.

I bet the government will make LESS money with the higher taxes.

Let's say someone earning 300,000$ decides to move his business outside Quebec.
Instead of getting 8300$ more in tax income, the gov will lose 128,500$.
They will need 15+ people earning 300,000$ only to compensate for the loss of 1 person.

Add to that the stall in private investments, businesses leaving or closing, etc. They will loose money and cripple economic development in Quebec for years.

[OnTheIce]

Proculation wrote:

CanadianJeff wrote:

From the story it sounds like a 3 to 4 percent increase. That's actually not so bad. I was thinking from the tone of the piece it was going to be more of a 10% increase.

But to make it retroactive. I hope she gets skinned alive.

For 130,000$ to 249,999$ it passes from 24% to 28%
For 250,000$+ it passes from 24% to 31%.

I bet the government will make LESS money with the higher taxes.

Let's say someone earning 300,000$ decides to move his business outside Quebec.
Instead of getting 8300$ more in tax income, the gov will lose 128,500$.
They will need 15+ people earning 300,000$ only to compensate for the loss of 1 person.

Add to that the stall in private investments, businesses leaving or closing, etc. They will loose money and cripple economic development in Quebec for years.

But people like the Premier and those of her ilk don't get that.

Math doesn't matter.

[Unsound]

Gunnair wrote:

Unsound wrote:

BartSimpson wrote:

A retroactive tax increase? Try that in the USA and there'd be blood.

i really really hope there is in Quebec too. That's such a dirty thing to do to people.

Really? Baying for violence now or was that tongue in cheek?

More metaphorical. Political blood. Possibly from "knives in the back". The opposition should certainly plan on making this part of their "offensive" in "battleground" ridings where they have targeted weak PQ mna's for "elimination".

[2Cdo]

OnTheIce wrote:

Proculation wrote:

CanadianJeff wrote:

From the story it sounds like a 3 to 4 percent increase. That's actually not so bad. I was thinking from the tone of the piece it was going to be more of a 10% increase.

But to make it retroactive. I hope she gets skinned alive.

For 130,000$ to 249,999$ it passes from 24% to 28%
For 250,000$+ it passes from 24% to 31%.

I bet the government will make LESS money with the higher taxes.

Let's say someone earning 300,000$ decides to move his business outside Quebec.
Instead of getting 8300$ more in tax income, the gov will lose 128,500$.
They will need 15+ people earning 300,000$ only to compensate for the loss of 1 person.

Add to that the stall in private investments, businesses leaving or closing, etc. They will loose money and cripple economic development in Quebec for years.

But people like the Premier and those of her ilk don't get that.

Math doesn't matter.

Possibly banking on an increase in transfer payments to make up the resulting shortfall.

[Unsound]

2Cdo wrote:

Possibly banking on an increase in transfer payments to make up the resulting shortfall.

DING DING DING!!! Winner winner chicken dinner!

[BartSimpson]

Unsound wrote:

More metaphorical. Political blood.

I wasn't being metaphorical and I was not talking about 'political blood'. This is the kind of thing that starts wars and rightly so.