Quote:
Originally Posted by CorsiHockeyLeague
Okay, the notion that you're giving "the vast majority of it back" is complete bulls***. That's dishonest. You give back your marginal rate. If you're getting $720 per kid in benefit, you're paying back something like $200-250. That is simply the end of it.
"But the tax credit is gone, too!" Yes - it was replaced. Comparing the new system to the old is fair. Comparing it to what would happen if you had the benefit and the thing it replaced is nonsense.
I think it IS fair to assess this from the standpoint of the tax programs directly affecting one area, e.g. child care tax policies. So you get a benefit, it's taxable, and a tax credit is removed that was there previously.
So, where you would have gotten a credit worth somewhere in the ~300-350 range per child, you now end up with, after taxes, a benefit somewhere in the realm of $500.
But you also have to factor in the other changes in the same area: the child fitness deduction limit doubles, and the exemption for child care expenses increases by $1000. Which on its own could offset the loss of the credit, depending on whether you have child care expenses.
I'm not a big fan of these changes and they certainly don't motivate me to vote for the Conservatives, but being dishonest about them just reinforces peoples' criticisms of you as a poster in here, Slava.
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People can definitely criticize me, I have zero issue with that. Obviously you were criticized to the point of being banned once, so it's likely a letter of time!
The thing is you don't have to agree with me, but the facts speak for themselves. You once had a tax credit and now you don't. You have to consider that because it's part of the picture. Those other mickey mouse credits aren't a factor because you were getting those anyway. Regardless of the fact that they're inefficient and ridiculous, they're not the same thing as the UCCB.