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Originally Posted by STAMPEDRED
brutal. Way to punish people for earning more.
The idea should be to reward people for earning a higher income. The more a person makes, the more taxes are collected regardless. This new tax measure essentially punishes those who figure out a way to increase their income level. And Trudeau wonders why companies 'cheat' on their taxes?
If anyone is making that dollar amount or more they would be wise to, I don't know, maybe run 3 numbers companies to split the profits up and in an effort to pay less tax.
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It's not punishing people for earning more. It's raising tax revenue without making people who are barely above water go broke.
Someone making 200,000 can handle losing an extra 10,000 bucks of take home. Someone making 40,000 cannot handle losing an extra 2000 of take home.