Quote:
Originally Posted by MarchHare
Before Alberta abolished health care premiums, low-income individuals and families were exempt. Also, I assume any hypothetical PST would not apply to the necessities of life like groceries and such.
Sales taxes are generally viewed to be a regressive form of taxation, though (that is, they create a greater burden on those with lower incomes than they do on the wealthy).
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Until we see the layout we can't be sure of anything.
My concern is that governments seem to be falling into the bear pit of its ok to spend more and increase taxes cause a few cents here or there never hurt anyone.
Even though I make good money, and I get regular yearly increases it just seems that my after tax pay either receeds or stays the same. Even for a middle class family for example that wouldn't get a health care exemption a thousand bucks a year is a lot of money.
A flat tax has its benefits in theory because you don't need the bureaucracy that you do with the more complex tax systems and a flat tax percentage is eminently fair, but to me only if you remove all exemptions and loop holes.