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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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How does it punish people for earning more?? They still get to earn More. So instead of getting $610 dollars for each 1K they earn they get $570. This effectively makes no difference to the high income earners.
It is 4k on 100k and if you are 100k above the last bracket I don't particular care that you have to fly coach instead of first class on one vacation.