Quote:
Originally Posted by Slava
Well someone would have to figure it out, but say 13-17%? I think that at the economic summit that Redford held a couple years ago one of the speakers said it could be done for about 11%, and frankly if that's the case I'm even more in favour. Its something that could be calculated though, although I don't have the information to do that.
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Wouldn't that drive a lot of out of province spending, especially on big items like automobiles?
Also, isn't a consumption tax system (without income taxes) regressive in the sense that it places a disproportionate burden on those that don't/can't save a lot (low income?). Low income earners have to consume large proportion of their incomes just on necessities of life. Wouldn't a lowered income tax rate and no (or low) consumption tax help them more?