With all the consternation from waiting model 3 owners about their $14,000 rebate on their $70,000 Teslas when the big bad wolf (blue party) take it away, it got me thinking about the election.
I saw an ad on telly for the NDP saying they were going to give a bunch more free stuff to people if they get elected, and all they'd have to do to pay for it is ask the wealthy to pay a little more, or 'their fair share'.
What's a fair share? Is what the wealthy are paying today 'unfair'? Let's see:
When a woman makes $500,000/year employment income in Ontario, barring any great tax saving schemes, they pay about 47% average tax rate. They're paying about $235,000/year in tax.
When someone makes $90,000/year (less than almost every police officer and firefighter in the province it seems so a good wage but not 'the wealthy' by most definitions) they pay about 26% average tax rate which amounts to about $23,500.
How is giving everyone free stuff and asking the $500,000 / year lady to pay EVEN MORE than the $235,000 / year she already pays anywhere near 'fair' or their share? She's paying 10 shares already.
Just wondering.
I saw an ad on telly for the NDP saying they were going to give a bunch more free stuff to people if they get elected, and all they'd have to do to pay for it is ask the wealthy to pay a little more, or 'their fair share'.
What's a fair share? Is what the wealthy are paying today 'unfair'? Let's see:
When a woman makes $500,000/year employment income in Ontario, barring any great tax saving schemes, they pay about 47% average tax rate. They're paying about $235,000/year in tax.
When someone makes $90,000/year (less than almost every police officer and firefighter in the province it seems so a good wage but not 'the wealthy' by most definitions) they pay about 26% average tax rate which amounts to about $23,500.
How is giving everyone free stuff and asking the $500,000 / year lady to pay EVEN MORE than the $235,000 / year she already pays anywhere near 'fair' or their share? She's paying 10 shares already.
Just wondering.