TAXES!
(another rant worthy subject but hopefully i've used all my hot air on the speeders)
robbing from the rich and giving to the poor?
that's not how the canadian government likes to work...
a new study, for the years between 1990 & 2005, says that rich people (annual income >$265,000) have had a decline in their tax rate of 4 percentage points to 30.5% while the poor (income <$13,500) have had a increase of 5 percentage point to 30.7%
how the hell fair is that? the amount of taxes you pay should be directly proportionate to the amount you make! and i'm all for making really low income earners exempt from taxes. i think the amount that untaxable just recently went up into the $9,000 range but that's absurd! people just above the untaxable amount end up with less than those just below the line - so what's really the point of getting a raise from $8,000/yr to $10,000/yr? the lower earner ends up with $1000 more cash to play with.
i can't even imagine scratching together $13,500 a year and having less than $10,000 after taxes... i knew income tax was a pain in the ass but (being mildly ignorant of political/government stuff) i never know it was that much!
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