Quote:
Originally Posted by DJones
You can't really compare the two. Norway for example dumps all of their resource "royalties" into corporate taxes and they also includes property taxes and everything else. And its a tiny country, I think they have three levels of government but its nothing in comparison to a province.
https://taxfoundation.org/location/n...istration%20(5)
Main thing I see is sales tax brings in the same amount of money as income taxes. In Canada, income taxes are 400-500% more. Which ya, 25% is 500% more than 5%. That tracks. I'd have to read how their corporate taxes work but I imagine normalizing that would make the disparity even worse.
Using Alberta as an example, I think a 5% PST is estimated to bring in about 5 billion. So maybe 7% of government spending. |
I think your numbers are off on the amount a sales tax would bring in. Sask, with a quarter of the population (abet with a 6% rate) is budgeted to bring in over three billion in sales tax revenue this year, and is within one percent of what they bring in via personal income taxes.
https://www.saskatchewan.ca/governme...id-year-report To download Sask.'s mid year report with the numbers I cite.