Flat tax?

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Old Jun 8th 2009, 11:31 am
  #16  
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Default Re: Flat tax?

Originally Posted by Bleepedy Bloops
20% across the board would do it.
As the Captain points out, that's not enough. 50% might work but that would represent an increase for most people and so is a hard sell.
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Old Jun 8th 2009, 1:49 pm
  #17  
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Default Re: Flat tax?

Flat tax is simply a way to take money out of the pockets of the less wealthy and put it in the pockets of those who dont need it as much. I am against the idea.

Being a dyed in the wool bleedingheart liberal, sadly I believe the fortunate members of a society should be helping out the less fortunate, because in many respects "There but for the grace of God go I" and all that.
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Old Jun 9th 2009, 10:07 pm
  #18  
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Default Re: Flat tax?

Originally Posted by JonboyE
There is a problem with this approach. You create a whole class of people who have no stake in the income tax system, and who therefore create a demand for more government spending to be paid for by the income tax paying classes.
Only taxpayers should be allowed to vote so that non-taxpayers have no say over government spending. Problem solved.
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Old Jun 9th 2009, 11:10 pm
  #19  
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Default Re: Flat tax?

Originally Posted by JonboyE
I think he means provincial income tax.
This is what I thought was meant. Quote from the Ontario Budget.

The Budget also proposes a comprehensive tax reform package that includes moving to a single, value-added sales tax at a combined rate of 13 per cent on July 1, 2010. Over the next three years, the McGuinty government is proposing $10.6 billion in tax relief for people. This includes $4 billion in transitional cash payments as well as ongoing, permanent tax relief. Business taxes would also be cut by $4.5 billion over three years.
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