Quote:
Originally posted by calf+Aug 4 2004, 11:23 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (calf @ Aug 4 2004, 11:23 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-GerryCheevers@Aug 4 2004, 10:21 AM
I still think a Flat tax system of 15% across the board would make it fair for everyone. Ive never been a fan of the bracket system. If I get a raise I want to see that raise, I dont want to bump up 2 brackets and end up losing money.
Flat tax = fair for all....Brackets = b!tching and cheating.
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How do you lose money when you get a raise under the marginal tax system?? [/b][/quote]
I was being mostly facetious.... as normal. However in the system as we have it now a person on the lower range of monthly pay can get a raise into a medium bracket and barely see any change in their income due to brackets changing.
For me it doesnt matter, Im already at the top bracket, I have to make my tax breaks myself.
Now IF all people, corporations, etc pay a Flat 15% every raise is a raise....nothing changes, except loopholes are closed and everyone is in the same boat.
It would literally put thousands of Tax lawyers and Accountants out of business....not to mention half of Revenue Canada.