The "rich" needs a tax break

[Nixy]

I am not getting into the whole how taxing SHOULD be done thing though.

 

[flavio]

Hey, thanks for shedding some insight on this. So How's the $7800 work? Everyone in Canada gets a $7800 exception? Or is it basiclly the amount that you have to make before you start paying taxes?

 

[Gato_Solo]

Why is that too much?

That means you'd have taxes on theIf you earned $87,000. per year you'd pay $10,400 in taxes. Under my plan, the whole thing taxed would be $6960. & everybody pays their share.

They'd still have an income of $76,600 after taxes. That's almost 2 years pay for most folks I know.

 

[Nixy]

Hey, thanks for shedding some insight on this. So How's the $7800 work? Everyone in Canada gets a $7800 exception? Or is it basiclly the amount that you have to make before you start paying taxes?

Yup, everyone has a base exception of $7800. This years taxes will be the first that I can add to that exception because before now I never had to pay tuition or anything as I was still in HS

 

[Gonz]

They'd still have an income of $76,600 after taxes. That's almost 2 years pay for most folks I know.

If they earned it, it's theirs. If they stole it, put 'em in jail.