Tax Reform: Dual Tax System?

[ProudCanadianConservative]

Ok, but we maybe we should tax returns on mining so that there's a fund to clean it up when it's abandoned years later.

when is this years later?

[overthere]

I disagree, strongly.

With what?

Every sane taxpayer in Canada, personal or corporate, pays the minimum tax required by law. That is called tax avoidance.

[cybercoma]

Yes lol, let's tax people that are actually saving for their retirement or close to retirement....

on second thought, no thanks.

Did I mention getting rid of RRSPs or something? Because that's a thing we have to avoid paying taxes and save for retirement.

Did I also mention doing away with TFSAs? Beause that's also a thing we have to avoid paying taxes.

As for not taxing people close to retirement, what's your proposal? No one over the age of 50 pay any income taxes or capital taxes or do you have some other idea?

[ProudCanadianConservative]

Did I mention getting rid of RRSPs or something? Because that's a thing we have to avoid paying taxes and save for retirement.

Did I also mention doing away with TFSAs? Beause that's also a thing we have to avoid paying taxes.

As for not taxing people close to retirement, what's your proposal? No one over the age of 50 pay any income taxes or capital taxes or do you have some other idea?

Not having a government that needs to tax so frequently, an efficient government that can operate within the revenue they currently receive.

[cybercoma]

Not having a government that needs to tax so frequently, an efficient government that can operate within the revenue they currently receive.

Nobody said anything about increasing revenues. We're talking about growing the economy by putting more money back into the hands of people who signal growth by demanding goods and services in exchange for their money. The less people who have money, the slower the movement of that money through the economy. When money stops moving, the economy stops growing. That's what we're facing right now. That's why we have record low interest rates with very little growth.

Edited December 14, 2014 by cybercoma

[overthere]

That's why we have record low interest rates with very little growth.

Actually we-Canada- have had steady economic growth with relatively low interest rates for quite some time.

Perhaps you were thinking of Japan, which has really low interest rates, little growth and demographics that mean it likely will get worse.