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Originally Posted by Ace
They arn't raising the tax rate, they are just using their tax proposal and not the liberal one. A tax probosal that includes billions of reduction to GST. They have also said that more is to come, which means the specific 15% tax rate the Liberals implemented is not the same ones the Conservatives wish to bring forward.
You can't expect them to put forth both the Liberal and conservative tax plan. Especially a Liberal plan pushed through to try and keep them in power.
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The lowest bracket tax rate for 2005 (and beyond) is now 15%. When the Conservatives get into power, they are saying
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the 16% bracket would be restored for 2006.
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That is an increase in the tax rate.
Their election platform states that they are going to lower the GST and lower personal taxes. Why return the tax rate to 16%, why not just leave it at 15%?
Unless you don't pay any taxes, everyone pays the the first $35595 earned. Leaving the rate at 15% benefits everyone.
2005 Schedule 1