Should Canada raise taxes on the rich?
Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.
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@B4QYSGM1wk1W
The ultra wealthy should be taxed more. What is often considered wealthy is now just middle class. 200k salary isn't wealthy anymore.
@B49TBJY4wks4W
Begin to increase taxation on large multinational corporations, and decrease it depending on their country of location and their proportionate investment into the Canadian economy.
@B49S5T9Conservative4wks4W
I think removing tax loopholes would be a better route, that being said, I think taxations in Canada is too high and we should cut it significantly across all income brackets and lower bureaucratic spending
@B45X6NH1mo1MO
So much cash and app-based income not being reported. To increase taxes too much pushes innovation out of Canada.
@B43S4G81mo1MO
Close loopholes used by the rich to skirt income taxes, lower taxes on lower and middle class wages, and increase taxes on highly profitable corporations and individuals.
@B3KVQRK2mos2MO
Taxing the rich only works if the US does it too. While I'm in agreement we need to tax the Rich, Canada can't take the lead and do it while US provides all tax cuts. That leads to all businesses; Tech, Film and etc to leave Canada, causing Canada to lose jobs.
@B2QW7PJ3mos3MO
Absolutely not, I don't think that it makes any sense to do this, the rich worked for it, I don't want to give up anything because of some stupid couple that doesn't know what they're doing and having a child when they don't have the money to support it. It's not my fault that somebody else is poor.
@B2QH67Y3mos3MO
Lower income tax in general and the Gov. should buy businesses and make money in other ways. Our money is not used efficiently.
@B2H6LTYNew Democratic3mos3MO
I don't think so because people earn that money by hardwork so I think tax is same for all the peoples.
@9WTX47X6mos6MO
Yes, but lower the income tax rate for middle and working class citizens and remove all existing tax loopholes for large corporations
@9WR8G396mos6MO
Tax the 130k plus people more, not single parents, and decrease taxes for the less income people. And increase the taxes for corps, and the top most wealthy, there shouldnt be billioners.
@9WBL9TK6mos6MO
No but make it mandatory that a percentage of profits are reinvested into business and not realized by owners
@9W6LHHB6mos6MO
Lower taxes for the poor increase taxes for the rich and remove all existing tax loopholes and be able to choose to pay specific taxes on which do you actually use
@9W4LHPN6mos6MO
Raise taxes on the wealthy, remove all corporate tax loopholes, and lower income tax for middle class.
Lower income tax IF it's possible to remove all existing loophalls for large corporations. If not, then increase tax for anyone earning upwards of $8million per year (in money or stocks or other capital forms)
@9VW3LQL7mos7MO
No but make sure the rich aren’t using creative accounting practices to avoid paying their fair share.
@B4TMX4Y4 days4D
I think everyone should pay a percentage of their income. If you make $100 you have to pay 10%. If you make $200 you pay 10%.
@B4SVCXL6 days6D
What is the definition of "rich"? Anyone who makes more than $1 Million should be taxed at a higher rate
@B4SRGYM6 days6D
Yes it should go back to the way it was before trickle down economics ruined the middle class. High taxes on the rich, none on people who earn less than 50k a year
@B4NX84L2wks2W
Lower income tax on the middle and lower class and raise income tax on people who make more than a million. abolish all tax loopholes for the rich and corporations. Stop taxing our paycheques. We already pay taxes on all goods, then we have to pay taxes form our paycheques, it’s robbery
@B2VNVNW3mos3MO
Tax extremely wealthy individuals (over a million a year) more and tax everyone else less. And absolutely abolish corporate welfare, tax loopholes for large corporations and ensure there are no ways to hide money. Really go after anyone rish hiding money. Tax all the big industries, give them breaks when they raise wages for their workers, contribute aggressively to pensions and take on the responsibility of the health and welfare of workers and their families. The corporations who are the most progressive at putting their workers first are the ones who get the highest tax breaks. Tax incentives also for Canadian owned and run corporations over foreign corporations.
@B292M3P4mos4MO
Remove all loopholes for the rich and corporations. Increase the corporate tax rate, create more tax brackets for higher earners, and nobody who makes less then $30k pays income tax
@9TXBP2YIndependent7mos7MO
Lower taxes on poor, spend more to recover from tax evaders, remove loopholes for large corporations.
@9TX8DMH7mos7MO
Create a new, more fair, tax system, that is much lower in taxes then the current one. Do not tax wealthy people too much or nobody will want to take risks and invest in things.
@9TJJT4X7mos7MO
that would be unfair, so I would say no. because it should be their choose too and they most likely did something to earn that money. if they feel the need to give to the poor or donate that will be on their own accord.
@9NMWPJK11mos11MO
If you tax the people who own everything more no doubt they will find a way to pass it down the chain to the consumers.
@9LNZCPW1yr1Y
Abolish the income tax for personal income, no change for the sales tax, and keep taxes for the big corporations.
@9LMC5GG1yr1Y
It depends if the person made they way up no however if the person was born into old money and nepotism yes.
Abolish the income tax and start imposing tariffs. Cut federal and provincial government to 10% of its size. Abolish the federal and provincial MP and MLA and Senate pensions immediately.
@9KMCFG71yr1Y
Taxes should be augmented only if the government is willing to provide more services to the people. Otherwise absolutely not.
@9K3Q4DY1yr1Y
I feel that the rich should be taxed for things that would support the future in our world. Such as homeless shelters, renewable energy, and money towards researching climate change. As well as donating money so 3rd world countries can have real meals.
@9JYPDGG1yr1Y
No, but they should make the tax rate a percentage of one's pay so that people working as surgeons don't lose less money than the janitors to the government
@9JLF2GL1yr1Y
this is a misleading question the normal have income tax but most "rich" people gain there wealth over stocks witch are taxed less so if we rise tax on a higher income it doesn't affect the rich. so equal out the tax between people who make money off stock with people who make money of normal income.
@9GNXXXT1yr1Y
There are agreements, as well as other things we have signed which might get in the way of this, but we should have a progressive tax system depending on different factors as to how people pay different amounts.
@9GC2S2P2yrs2Y
lower tax on the middle class and keep the rest the same there is no longer a middle class in Canada
@9G8G56QConservative2yrs2Y
The tax brackets need to be adjusted to reflect current economic times and inflation rates, high income earners should be taxed accordingly however middle class earners are taxed beyond their means in most Cases.
@9FRRVNF2yrs2Y
Yes, but create more tax brackets so low-end high-earners aren't taxed as heavily as high-end high-earners.
@9FQY4MY2yrs2Y
Tax the more wealthy as they find loopholes to pay less taxes. And find a way to remove all ways for the rich and large corporations to use loopholes.
@9FM9QN92yrs2Y
Yes, but only in a fair and reasonable amount.
@9FGS3882yrs2Y
Only people making over 1 million should be taxed at over 50%. Taxes should be reduced for all other incomes
@9FFFKG42yrs2Y
lower tax for lower income families, and higher incomes should pay higher taxes
@9F88FG32yrs2Y
@9VDRGX47mos7MO
the rich should be treated the same even if they have money because the poor and rich both work to earn money not just the poor.
@9S8HD278mos8MO
Yes for incomes (even combined) over $500,000, raise the minimum income level up to reduce burden on low income families.
@9RKKT889mos9MO
Canada should keep capital gains and corporate tax rates where they are now, as they have already been raised.
@943PG5Y3yrs3Y
Yes, but only for individuals making +500k a year as anything less is no longer rich due to the cost of living
yes, however don't make immediate plans relying on taxing the rich as they may leave the country interfering with plans they made relying off tax money from the rich
@9CNLPYN2yrs2Y
Lower all taxes for those under 100,000 income per year.
@99S7KGD2yrs2Y
Increase taxes for the "rich", lower taxes for the "poor", close/remove all existing loopholes for corporations and
@95CHLHCLibertarian3yrs3Y
No, and abolish taxes alongside the state.
@93KS3GS3yrs3Y
Yes, but the government should focus more on closing tax loopholes for large corporations and the ultra-rich.
@924HKTH3yrs3Y
yes, but depending on how they earned their money and how much of it in question.
@923VQCD3yrs3Y
yes, but not crazy for example celebirtys i would support, and give money to benifit the community.. there should be testing and cxerting limits of who is and isnt gettring taxed
@8Z5KNTP3yrs3Y
No they shouldn't. It's going to create problems with equality and everything. We should lower taxes all together, for everyone.
@8YXLXKC3yrs3Y
They should do what Oregon State does and remove taxes :thumbsup:
@8XZDCB43yrs3Y
yes and increase taxes for large grossing companies
@8XMV3KJ3yrs3Y
raise taxes for the ritch and lower them for the poor
@8X6L4RS3yrs3Y
A bit but if people work hard for their money it shouldn’t just be taken away from them
@8WWDK6F3yrs3Y
We need to minimize taxes on the poor/middle class, but have a higher tax rate on the people making millions and millions. Not by much, however, as then they'll just put their business in the Caymans and pay no federal tax.
@8WM3PBS4yrs4Y
lower taxes on people that get paid less than 45 k a year. WHY tell me why do you need to raise taxes on rich people just because they succeded in life does'nt mean they need to pay more thats stupid!
@8WGNW974yrs4Y
Keep taxes affordable like; the poor should get low taxes and the rich should get a bit higher but still affordable.
@8W2K5ZM4yrs4Y
Yes but very hard to collect
@8VZ84TG4yrs4Y
@8VVTQCP4yrs4Y
Tax the ultra rich not the ones that are earning a higher income (2000/year).
@8VVQB344yrs4Y
If rich means huge corporate companies then yes. Not if rich are doctor brackets etc
@8VVFP8N4yrs4Y
Keep tax rates the way they are, but remove all existing tax loopholes for corporations and rich individuals.
@8VTZBN24yrs4Y
Revisit the current tax brackets to avoid overtaxing middle income earners
@8VT8Z694yrs4Y
No, they should abolish taxes that were used to conserve money for years old war efforts.
Only for the super rich - billionaires
@8VRWR7Y4yrs4Y
Yes, TAX the rich, abolish taxes for lower income brackets; Otherwise it is impossible to get out of poverty.
@8VRMLW34yrs4Y
Raise the taxes for the rich who do not have much of a stressful job. I do NOT believe that professions like surgeons should have their taxes raised.
@8VR3ZQZ4yrs4Y
Yes, but on the wealthy (1%) and "rich" should be clearly defined.
@8VQJCS54yrs4Y
No, they won’t pay that either
@8VQGYWX4yrs4Y
Yes, and lower taxes for families under $100K annual income.
@8VP8N5R4yrs4Y
Yes, and increase the personal exemption amount.
@8VP2MZS4yrs4Y
Tax should be included with the price and not when you pay
@8VMYP3K4yrs4Y
No. They work hard like everyone else. It’s not fair to make the rich fund those who are taking advantage of the system. For example, so many people scammed the system and collected CERB. Why should the people who didn’t collect get put on the hook for it?
@8VLP2GQ4yrs4Y
Yes, taxing someone should be based on income and their outflow of cash.
@8VLKD3Z4yrs4Y
Taxation is theft, If we have taxes it should ONLY be for the most important of things to the canadian people, and We the People shpuld have a major say into where our Tax ends up as indavidual choice.
@8VKKSCLNew Democratic4yrs4Y
I think it depends on the location, property owned, and the community area in which the person lives. I don’t think the taxes should be raised on all rich people, as it should depend on current bills and finances, and if it is affordable for the Canadian government and the family/person(s) who owns it.
Yes, but not by a outrageous amount
@8VGJXNG4yrs4Y
Yes raise the tax rate and remove all existing tax loopholes for large corporations
Raise taxes on people making over 300k annually, and increase taxes on corporations.
@8VFNSJ44yrs4Y
Switch over to Georgism. I can dream!
@8VFNKZ24yrs4Y
Taxes should be increased on the extremly rich only.
@8VCSXRL4yrs4Y
Only on the ultra rich (above 100 million per annum) and corporate tax
@8VCCTMW4yrs4Y
extremely rich should only be taxed. but only people with over a specific income
@8VBF2F24yrs4Y
Yes and no taxes for the poor who make less than 2000 a month.
@8V9G37D4yrs4Y
@8V8L4X34yrs4Y
No and lower tax rate for middle class
@8TZ6DN84yrs4Y
Yes for the very wealthy who have annual incomes above $500,000
@8TZ5MYR4yrs4Y
Yes, but be clear about what rich is….ie income over 600,000 or something
@Steeviemac4yrs4Y
Yes, and decrease taxes for lower income earners.
@8TYBRG74yrs4Y
It depends on what you call rich. I think people making millions of dollars a year yes. But Don't raise tor the middle man. The people that are doing better but in no way are rich.
@8TY2YD24yrs4Y
Lower the income tax rate and remove all existing tax loopholes while lowering the taxes for the poor
@8TXVXML4yrs4Y
No, we need to eliminate all taxes on Individuals. Keep tariffs on foreign goods, and a royalty to sales of Goods, Services, Franchise Fees, and Stock Sales by non-Sole Owned Companies.
@8TXL5VP4yrs4Y
Place current focus on auditing and investigate the use of dividends, laundering, and other methods of tax avoidance.
@8TW4NF2Conservative4yrs4Y
Only on those making more than 5 million a year
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