Quote:
Originally Posted by Makarov
Evidence? Because when I google "tax cuts", an awful lot of results are returned.
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Tax rates are cut in lean times to stimulate the economy, get more investments, start up corporations to increase the provincial revenue pool so there is more revenue to tax etc. Tax are usually not cut when the province is prosperous, the government knows that if they don't spend to the budget of there department then that funding will go somewhere else thus they spend it frivoulously to meet budgets. When there is more revenue, there is larger budgets, increase in public sector salaries etc.
I don't remember the last time the federal or provincial tax rate was cut... I do know the government increased the personal deduction limit, however increased CPP and EI in the same year...
I can only think of Ralph bucks as a time that the government gave back. (Even though it was ridiculous)
Heck look at the city of Calgary, they overbilled property taxes had this extra influx in cash and now are considering increasing property taxes again. This was before the floods.
Here is some of there spending habits in town hall:
http://www.calgaryherald.com/news/ca...738/story.html
Now I don't think all these expenses are ridiculous, but these are the people that will get to decide what to do with the extra influx of cash ie buy more flowers at his own store, and then expense it to the tax payers... nice scam!