Quote:
Originally Posted by Slava
B) They show that to pay for this they would raise taxes on higher income earners. Frankly speaking, this must be the right thing to do because no political party would recommend increasing taxes as a ploy to be elected!
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Are you suggesting that no party has ever played one group of people against another to gain votes? Raising the tax burden on the rich to gain the support of the rest is a common solution from the left.
Below is a breakdown of taxes paid to the provincial government at the 2011 level and ignores all deductions. I am curious how much more you feel the rich should be paying? Right now, someone who makes $100000 pays 8 times as much tax as someone who makes $30000 and pays at double the effective rate. Should the rate be tripled or the total amount be raised to 15 times as much? What is fair?
Provincial taxes payable vs salary earned vs. effective rate
$10000 - $0 - 0%
$20000 - $185 - 0.9%
$30000 - $1118 - 3.7%
$50000 - $3002 - 6%
$70000 - $5002 - 7.2%
$100000 - $8002 - 8%
$200000 - $18002 - 9%
$1000000 - $98002 - 9.8%