Figleaf Posted January 7, 2007 Report Posted January 7, 2007 2. Did your previous claim specify employed people? Yes. Please refer to post #140 of this thread. Please stop wasting time. Post 140 is not where you first made your claim. Quote
Ricki Bobbi Posted January 7, 2007 Report Posted January 7, 2007 Please stop wasting time. Post 140 is not where you first made your claim. Are you still upset about being made to look like a fool over "destruction of wealth"? I'm the precious one? To other posters on the board, I apologize for Figleaf's man-crush/hate-on for me. I'd take it to PMs but Mr. Precious won't allow anyone to PM him. Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
Who's Doing What? Posted January 7, 2007 Report Posted January 7, 2007 Please stop wasting time. Post 140 is not where you first made your claim. Are you still upset about being made to look like a fool over "destruction of wealth"? I'm the precious one? To other posters on the board, I apologize for Figleaf's man-crush/hate-on for me. I'd take it to PMs but Mr. Precious won't allow anyone to PM him. Aww were you planning on sending him 50 love letters like you did to me? Sorry if I hurt your feelings, but I'm just not interested. Quote Harper differed with his party on some key policy issues; in 1995, for example, he was one of only two Reform MPs to vote in favour of federal legislation requiring owners to register their guns. http://www.mapleleafweb.com/election/bio/harper.html "You've got to remember that west of Winnipeg the ridings the Liberals hold are dominated by people who are either recent Asian immigrants or recent migrants from eastern Canada: people who live in ghettoes and who are not integrated into western Canadian society." (Stephen Harper, Report Newsmagazine, January 22, 2001)
Ricki Bobbi Posted January 7, 2007 Report Posted January 7, 2007 Aww were you planning on sending him 50 love letters like you did to me? Sorry if I hurt your feelings, but I'm just not interested. I thought Greg already spoke to you about your stalking me... Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
Who's Doing What? Posted January 7, 2007 Report Posted January 7, 2007 Aww were you planning on sending him 50 love letters like you did to me? Sorry if I hurt your feelings, but I'm just not interested. I thought Greg already spoke to you about your stalking me... Oh right everytime I reply it is stalking. You calling me a liar is debate. Quote Harper differed with his party on some key policy issues; in 1995, for example, he was one of only two Reform MPs to vote in favour of federal legislation requiring owners to register their guns. http://www.mapleleafweb.com/election/bio/harper.html "You've got to remember that west of Winnipeg the ridings the Liberals hold are dominated by people who are either recent Asian immigrants or recent migrants from eastern Canada: people who live in ghettoes and who are not integrated into western Canadian society." (Stephen Harper, Report Newsmagazine, January 22, 2001)
Figleaf Posted January 7, 2007 Report Posted January 7, 2007 Anyone who receives a T4. Any employment income. To *qualify* for the full $1,000 you have to make $1,000 in a year. Okay, thanks. Of course, that makes this a regressive measure too, as persons in higher brackets benefit more. Yet your description is of a deduction. What gives? That was the original description. I corrected my error. ??? I don't know what correction you mean. You still are calling it a credit, right? and yet giving a description that amounts to a deduction. You are just being contrary and baiting. What gives? Actually, I'm just trying to get the facts straight. And I have decided to quit responding to your childish questions. ??Childish how? Your trolling should end. It has been reported to Greg. Simply discussing something with you, without even disagreeing, is 'trolling'!? You mystify me. What could you possibly have told Greg? So I guess I have decided that your probing has ended. No, you've decided you won't answer simple queries. Quote
Ricki Bobbi Posted January 7, 2007 Report Posted January 7, 2007 Oh right everytime I reply it is stalking. You calling me a liar is debate. OK. Same little reindeer game. For the sake of the other posters on the board this is the last time I'll reply to you. You will get the last word and feel like a big man. Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
Who's Doing What? Posted January 7, 2007 Report Posted January 7, 2007 Oh right everytime I reply it is stalking. You calling me a liar is debate. OK. Same little reindeer game. For the sake of the other posters on the board this is the last time I'll reply to you. You will get the last word and feel like a big man. What? No 50 PM's threatening to continue PMing me endlessly unless I bend to your will? Edit: I guess I was wrong. Quote Harper differed with his party on some key policy issues; in 1995, for example, he was one of only two Reform MPs to vote in favour of federal legislation requiring owners to register their guns. http://www.mapleleafweb.com/election/bio/harper.html "You've got to remember that west of Winnipeg the ridings the Liberals hold are dominated by people who are either recent Asian immigrants or recent migrants from eastern Canada: people who live in ghettoes and who are not integrated into western Canadian society." (Stephen Harper, Report Newsmagazine, January 22, 2001)
Figleaf Posted January 7, 2007 Report Posted January 7, 2007 Please stop wasting time. Post 140 is not where you first made your claim. Are you still upset about being made to look like a fool over "destruction of wealth"? Ricki, the subject here is whether your claim about tax policies is a valid one. You referred to post 140, but that's not your original claim. Why would you choose now to bring up an old thread where you got yourself into hot water? Why not just deal with the present matter? To other posters on the board, I apologize for Figleaf's man-crush/hate-on for me. Yeah, whatever. I'd take it to PMs but Mr. Precious won't allow anyone to PM him. Take what to PMs? We're discussing public tax issues on the public forum, aren't we? I'm very sorry it bothers you, but I have nothing private to discuss with you. Quote
geoffrey Posted January 7, 2007 Report Posted January 7, 2007 Anyone who receives a T4. Any employment income. To *qualify* for the full $1,000 you have to make $1,000 in a year. Okay, thanks. Of course, that makes this a regressive measure too, as persons in higher brackets benefit more. Not at all, can you explain your logic there? Quote RealRisk.ca - (Latest Post: Prosecutors have no "Skin in the Game") --
Figleaf Posted January 7, 2007 Report Posted January 7, 2007 Anyone who receives a T4. Any employment income. To *qualify* for the full $1,000 you have to make $1,000 in a year. Okay, thanks. Of course, that makes this a regressive measure too, as persons in higher brackets benefit more. Not at all, can you explain your logic there? Sure. If the $1000 yields a $152 benefit at the lowest level, the same $1000 deduction will yield a $430 benefit at the top marginal tax rate. Quote
jbg Posted January 7, 2007 Report Posted January 7, 2007 I swear coming to the GTA, EVERYONE evades taxes. You go to chinese resturaunts and they take cash only. No interact, no credit card. Just cash. Many resturaunts are like this. Go to any store, hotel, etc. Any immigrant owned place pretty much and they love cash only. All the contractors. everyone. *snip* The truth of the matter is that VAT's are extremely hard to administer, even harder to control, and even harder than that to prosecute offenders on. It's an extremely inefficient way to tax people. Income taxes are quite easy to evade as well. A transaction that really generates income can be disguised, for example, as generating a capital gain. Quite frankly, the Chinese restaurant and contractor would still seek cash. In the US, most contractors will give 20-30% discounts for cash, and unlike the situation with the GST or VAT they don't collect sales taxes (Chinese restaurants are of course supposed to). The trick is to set the tax rate low enough to make evasion not worth the trouble. That may be best done with a combination of low-rate income taxes and low-rate GST. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
geoffrey Posted January 7, 2007 Report Posted January 7, 2007 Sure. If the $1000 yields a $152 benefit at the lowest level, the same $1000 deduction will yield a $430 benefit at the top marginal tax rate. I see what your saying. Really, that's playing with some numbers. This credit doesn't come from your upper bracket earnings, and it doesn't reduce your net income. They essientially raise your minimum deduction. So if you don't pay tax on the first $10k of income, now you don't pay tax on the first $11k of income. So really the savings are the same for everyone, like you said about $155 dollars. Quote RealRisk.ca - (Latest Post: Prosecutors have no "Skin in the Game") --
Figleaf Posted January 7, 2007 Report Posted January 7, 2007 Sure. If the $1000 yields a $152 benefit at the lowest level, the same $1000 deduction will yield a $430 benefit at the top marginal tax rate. I see what your saying. Really, that's playing with some numbers. This credit doesn't come from your upper bracket earnings, and it doesn't reduce your net income. They essientially raise your minimum deduction. So if you don't pay tax on the first $10k of income, now you don't pay tax on the first $11k of income. So really the savings are the same for everyone, like you said about $155 dollars. If you earned $99,000, the benefit reduces taxable income to $98000, and you therfore pay $430 less taxes. Quote
Riverwind Posted January 7, 2007 Report Posted January 7, 2007 If you earned $99,000, the benefit reduces taxable income to $98000, and you therfore pay $430 less taxes.That is not how it works. The benefit is a non-refundable tax credit which gives everyone exactly the same dollar reduction in taxes. Quote To fly a plane, you need both a left wing and a right wing.
Ricki Bobbi Posted January 7, 2007 Report Posted January 7, 2007 That is not how it works. The benefit is a non-refundable tax credit which gives everyone exactly the same dollar reduction in taxes. Riverwind, Geoffrey. Thank you. Despite the divergence you have taken the opportunity to respond to the OPs quest for real debate. Unfortunately, Figleaf is just here to try and prove some random, difficult to understand, point. He doesn't really understand the tax code and/or finance. So in an attempt to prove his point by asking the same question over and over he is just making himself look bad and exposing his ignorance repeatedly. Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
Figleaf Posted January 8, 2007 Report Posted January 8, 2007 If you earned $99,000, the benefit reduces taxable income to $98000, and you therfore pay $430 less taxes.That is not how it works. The benefit is a non-refundable tax credit which gives everyone exactly the same dollar reduction in taxes. Well, then it's different than Ricki described. Are you saying it's a straight credit against tax payable? Is it a flat $1000 less tax, or something else? Quote
Ricki Bobbi Posted January 8, 2007 Report Posted January 8, 2007 Well, then it's different than Ricki described. No it's not different than how I described. Nice try angry... Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
Figleaf Posted January 8, 2007 Report Posted January 8, 2007 Riverwind, would you possibly explain how this thing works? (I don't want to tax any single brain unduly.) Quote
Ricki Bobbi Posted January 8, 2007 Report Posted January 8, 2007 Riverwind, would you possibly explain how this thing works? (I don't want to tax any single brain unduly.) Look it up yourelf for crying out loud. Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
jbg Posted January 8, 2007 Report Posted January 8, 2007 Riverwind, would you possibly explain how this thing works? (I don't want to tax any single brain unduly.) To be taxed one must make or spend money. To tax one's brain one must have such an organ. Or at least the "thought" portions. Not everyone does. Quote Free speech: "You can say what you want, but I don't have to lend you my megaphone." Always remember that when you are in the right you can afford to keep your temper, and when you are in the wrong you cannot afford to lose it. - J.J. Reynolds. Will the steps anyone is proposing to fight "climate change" reduce a single temperature, by a single degree, at a single location? The mantra of "world opinion" or the views of the "international community" betrays flabby and weak reasoning (link).
Who's Doing What? Posted January 8, 2007 Report Posted January 8, 2007 Riverwind, would you possibly explain how this thing works? (I don't want to tax any single brain unduly.) To be taxed one must make or spend money. To tax one's brain one must have such an organ. Or at least the "thought" portions. Not everyone does. Autonomic functions to the rescue. Quote Harper differed with his party on some key policy issues; in 1995, for example, he was one of only two Reform MPs to vote in favour of federal legislation requiring owners to register their guns. http://www.mapleleafweb.com/election/bio/harper.html "You've got to remember that west of Winnipeg the ridings the Liberals hold are dominated by people who are either recent Asian immigrants or recent migrants from eastern Canada: people who live in ghettoes and who are not integrated into western Canadian society." (Stephen Harper, Report Newsmagazine, January 22, 2001)
Riverwind Posted January 8, 2007 Report Posted January 8, 2007 Riverwind, would you possibly explain how this thing works? (I don't want to tax any single brain unduly.)On Page 3 of your tax return you will fill out a number of 'non-refundable' tax credits. They look like deductions from income but they really aren't - you add up these tax credits multiply the total by the tax rate for the lowest income bracket and then deduct them from taxes payable. If these deductions are larger than taxes owed then you pay nothing.Gov'ts creates non-refundable tax credits to deal with the problem you describe where high income people get more of a benefit than low income people. Quote To fly a plane, you need both a left wing and a right wing.
Figleaf Posted January 8, 2007 Report Posted January 8, 2007 On Page 3 of your tax return you will fill out a number of 'non-refundable' tax credits. They look like deductions from income but they really aren't - you add up these tax credits multiply the total by the tax rate for the lowest income bracket and then deduct them from taxes payable. If these deductions are larger than taxes owed then you pay nothing.Gov'ts creates non-refundable tax credits to deal with the problem you describe where high income people get more of a benefit than low income people. Thanks. It's an odd structure -- why not just give a straight non-refundable credit of $152 instead of starting at $1000 and multiplying, I wonder. (p.s. Ricki: Yes, it does appear your description of this, however hard to follow, was not incorrect.) Quote
Ricki Bobbi Posted January 8, 2007 Report Posted January 8, 2007 Thanks. It's an odd structure -- why not just give a straight non-refundable credit of $152 instead of starting at $1000 and multiplying, I wonder.(p.s. Ricki: Yes, it does appear your description of this, however hard to follow, was not incorrect.) Uhhhh .. thanks. Taxes in general are pretty complex for most people. Quote Dion is a verbose, mild-mannered academic with a shaky grasp of English who seems unfit to chair a university department, much less lead a country. Randall Denley, Ottawa Citizen
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