[Julio]

Originally Posted by Tron_fdc

I'd add a PST and implement a progressive provincial income tax.

Currently we are at:

$0 – $61,200 8%
$61,200 – $154,259 10%
$154,259 – $185,111 12%
$185,111 – $246,813 13%
$246,813 – $370,220 14%
Over $370,220 15%


So if you add a 4% PST and do this:

$0 – $61,200 2%
$61,200 – $154,259 10%
$154,259 – $185,111 14%
$185,111 – $246,813 15%
$246,813 – $370,220 16%
Over $370,220 18%

It would be revenue neutral while reducing wage inequality, it stabilizes government finances instead of depending on O&G revenues, and carries limited risk of capital flight by maintaining a tax structure lower than Ontario and Quebec, but in line with say BC.

Edit: I'd also add in low income PST exemptions of some kind to help sell it to the masses

If it is revenue neutral, then we would be getting the same $ from taxes, and thus the provincial government would still be on the O&G rollercoaster. Tax revenue would have to be closer to the total cost of government expenditures to stop the current conundrum.