Skip to main content

Income tax and the Government.

We all pay our share of income taxes in some form or another, no matter where we live in the world. Here in Canada, the income tax rate is progressive, starts at 15 % approx for less than 41 thousand, 22 % mid bracket range, then 26 % high bracket range, then 29 % for over 128 thousand approx. Then afer multiplying your income by that, there are all lower amounts to add to try to help the tax burden. This is the federal tax calculation, minus any pension contributions, donations, multiply by 15 %. You then do your Provincial tax rates, a little lower but starting at 9.1 %. You hope your non refundable credits give enough boost to subtract from this, and that the tax you payed in all year will go over what the feds and province take in. If you have children, then University alone is a shock when the bills are added up.

I already know, that at work, I make half of what I make. This means if I am paid 22 dollars an hour, I actually make 12 or so clear. This is due to the unemployment insurance, pension, and tax deductions. Then we are taxed when we buy certain goods, at 13 % in some provinces when we hit the registers.

Then, there is the property tax, which there is no way out of. You have to pay it, and there are no reductions unless the value of your property goes down. Here, we average from 600 to 4000 property tax for homes in municipal areas. Then again, that 4000 number can go sky high if you own a house like Oprah Winfrey. Then take into consideration all of the fees we pay for vehicle registry, using our parks, and other recreational licenses like fishing.

Where does the money go?

When a person living in Canada finally figures it out, we are paying out allot of taxes. The Hst, which is placed on goods and services we buy at the cash register, was exposed to go for debt reduction. Yet, in the past few years the Conservative Government raised the debt again. Due, to the financial problems of the stock market.

They then announced a multi billion dollar frigate construction program, and then the purchase of a multi billion dollar F 35. Do not get me wrong, I know we need this for our military, but I question the amount needed and the amount spent.

As a citizen, we wonder again, where does the money go. When I see political parties wanting to create new programs, I want to steer clear of them. We have enough problems with the programs we are already running. Health care, for example, is usually always close to the red line, and takes up most of the government dole. Yet if it was not covered, we would be paying 20 000 dollars for an appendix removal. Even when insured like our good cousins to the south, they do have to pay allot. Insurance is expensive and only covers so much. Do not get me wrong, I like our health care system. That is one thing I am willing to pay for. If everyone pays in, it should be less than the cost of insurance plans. We see even the thoughts of doing this with insurance premiums, with the government maybe making money on this system. But, not many areas of the world do this yet.

The conservatives, who are in power now, are surprising spenders. They put us back in the red. I wonder if there is any party out there, who can haul us out again. The Liberals did take us out in the 90s and put us back in the black by putting on the GST (the Conservatives started it but the Liberals left it on for debt reduction), but now we see this is still on and when will it ever come off. Also, during those nineties, the economy was steam rolling away with the U.S. Economy. The economy in the 2000s was not like the 90s.

It is time for citizens to ask, why do you need this mega project now? Why do you need to make more roads when the population is declining in a certain area. Why are you spending our tax dollars on studies and enterprises that do not stay in certain areas that long. Ask your politicians, today.

Enough about my rant about taxation. We are all taxed too much in Canada. This is obvious. I have 8 more friends on twitter today. My book, is resting fine, as no news is reported as late. I hope you all have a tax free day. Till next time.


Popular posts from this blog

My Dog has ate a Ferrero Rocher.

I had only went into a store to buy a few Ferrero Rocher packages of chocolates... Then, I went into the next store, not realizing that I left the small, 3 chocolates per package, delicious Rochers in my middle vehicle organizer. On the way back, I did not even notice.

I had got out of my vehicle, and only when I went to search for something on that side, it all came together. The package was torn, with only one individually wrapped Ferro Rocher out of its packaging. She had selected one, and even tore the golden foil paper from the once existing Rocher Chocolate.

I looked over at my Dog. This was a little too much for me to handle. I yelled "Pushkin! You ate one of my Ferrero Rocher!"  Is she the only dog in the world that probably ate a Ferrero Rocher.

Good point in standing, she actually thought the process through. She did not destroy the three chocolates in the package, all in one bite. She used her incisors, exactly as a surgeon would, to take apart the package from t…

Supermarket Guy 5 doing very well.

Have approximately 15 % written on Part 5 so far. It is going really well, but the first few chapters maybe more drama and less action. Relationships come into play as the main characters father and mother first meet. A meeting of the eccentrics, one extreme male dominate character with a woman who takes liberty to the maximum extreme, looking back to the 70's, where we remember the 8 track tape and black and white tv. When smoking was cool. A decade where the men held the dominance in affairs and in the household, and the women usually held the fort at the home. Things have changed for the better through the late 80s and 90s, as a womans place in the world has become much more equal these days, becoming bread winners and with the men sharing allot of the household chores these days in many families. Perhaps Margaret Thatcher paved the way for many women all over the world. Now even governments make sure there is a good number of women in their cabinet in order to govern, and man…