Quote:
Originally Posted by Enoch Root
In other words, just raise the rate of the GST/PST/HST. At least that is fair to all industries. And to all people - the more you spend, the more tax you pay
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But that can be too onerous on lower-income people.
I don't get the aversion to luxury taxes. They seem reasonable. I'm also in favour of raising income taxes on higher-income earners, too.
But we tax individual things over and above basic tax rates already, don't we? Cigarettes, fuel, alcohol, tires, hotel rooms, etc. A luxury tax on extremely expensive cars ($100k is very expensive...come on) seems fine.
And what's the damage, anyway? Will a guy who wants some fancy Bentley not buy a Continental and instead buy a watch or a boat because of this tax? I don't think so. I think people will buy these luxury cars regardless of the tax.
I get that it won't make a big difference to anything, but the spread between haves and have-nots is getting way too wide and over $100k seems generous to me. You can get a lot of car for under $100k and not even worry about this tax.