Taxes and oil...

laker1963

phobicsquirrel

xmacro

laker1963

Diamondog

xxxxxxxxxxx

xmacro

^ Edited my post; see above for my response to "oil companies are soaking us".

phobicsquirrel

Diamondog:

No Fuc%ing kidding, I think I'm taxed at around 26% this year....OUCH

lucky!!!!

Diamondog

phobicsquirrel:

Diamondog:

No Fuc%ing kidding, I think I'm taxed at around 26% this year....OUCH

lucky!!!!

Thats fed, prov add in another 12% provincially...so close to 40% then add in another 13% HST on just about everything the left over money gets spent on lol like gas...

Krieg

laker1963

Krieg

laker1963

PuroFreak

My whole problem with this is that a tax break isn't a subsidy. Subsidies are where the government gives money from someone else to a company. That I believe shouldn't happen for any company. Not oil companies, car companies, banks, or any other financial institution. A tax break is not a subsidy, its a tax break. I don't disagree with tax breaks, but I do disagree with subsidies. Just my two cents on the issue.

laker1963

PuroFreak:

My whole problem with this is that a tax break isn't a subsidy. Subsidies are where the government gives money from someone else to a company. That I believe shouldn't happen for any company. Not oil companies, car companies, banks, or any other financial institution. A tax break is not a subsidy, its a tax break. I don't disagree with tax breaks, but I do disagree with subsidies. Just my two cents on the issue.

So you would be OK with companies being given a tax break (i.e. they don't pay their taxes) but not a subsidy? Why do you consider money owed to the government which is not collected is not a subsidy? If that money were collected it could be diverted into many other needed programs or just to pay down the debt. Tax money NOT collected cost the population the same as money given directly to a company.

PuroFreak

laker1963:

PuroFreak:

My whole problem with this is that a tax break isn't a subsidy. Subsidies are where the government gives money from someone else to a company. That I believe shouldn't happen for any company. Not oil companies, car companies, banks, or any other financial institution. A tax break is not a subsidy, its a tax break. I don't disagree with tax breaks, but I do disagree with subsidies. Just my two cents on the issue.

So you would be OK with companies being given a tax break (i.e. they don't pay their taxes) but not a subsidy? Why do you consider money owed to the government which is not collected is not a subsidy? If that money were collected it could be diverted into many other needed programs or just to pay down the debt. Tax money NOT collected cost the population the same as money given directly to a company.

Don't misunderstand, I do have a problem with a company paying no taxes at all like GE this last year. But to spur job growth in industries which have outrageous overhead costs, then yes, I'm ok with letting them keep more of their own money. Hell about 50% of the citizens in this country pay no income taxes... Why is that not complained about, but if a company that provides jobs and crucial services to our country gets a tax break people throw a fit? (Not aimed at you Doug, just people in general.)

Krieg

round and round we go...