Quote:
Originally Posted by chemgear
Higher taxes, people "leave". No tax revenue for you!
http://calgaryherald.com/business/en...gary-to-london
Murray Edwards, one of Canada’s wealthiest people, has changed his residency from Calgary to London to avoid rising provincial and federal income taxes.
Taxes for high-income earners in Alberta increased dramatically over the past year with the top federal/provincial combined marginal rate rising from 40.25 per cent in 2015 to 48 per cent in 2016. |
Of course. Because he can. So now instead of getting their 40.25% they get nothing.
It goes to the point I made in the Politics thread about the consequences of over-taxing a declining balance.
__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
|