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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@B46PKZY1mo1MO
No. Lower income tax, increase sales tax on non-essentials, limit tax loopholes for large co-operations.
@9CBKZDD2yrs2Y
Yes, especially on the highest tax brackets
@B4VB3F34 days4D
Yes, and disallow all deductions and and remove all existing tax loopholes and lower taxes for the poor
@B4V48CV4 days4D
The definition of rich needs to be defined here. Doctors, who are desperately needed in this country, should not be taxed at over 50% on ANY income. This is just one example. $250k of annual income is not even close to the top 1% of income earners. the tax brackets should progress much more gradually up to millions of annual income.
@B4PWV8G1wk1W
yes, but it depends on your definition of "rich". the ultra wealthy should be forced to pay their share. particularly on trusts and inheritance
@B4N2BXY2wks2W
But not on employment income, raise taxes on income from other sources such as stocks, investments etc.
Lower tax rates for middle and low income brackets, greatly increase it for millionaires and remove loopholes for corporations.
@B4GVYZL3wks3W
Lower the gst or remove it on things like homes and cars that are expensive items everyone needs
Taxing income at 40% and then adding another 13% tax on most items means 50% taxes for people. It’s too much given the greed of corporations post covid.
Another option is to regulate prices on gas, groceries, homes, cars, and building materials
@B4B6L3Q4wks4W
Income tax should be reduced but followed up with a wealth tax that makes the rich pay more and poor pay less
@B45T7J21mo1MO
There should be encouraging situations for entrepreneurs so the tax system should improve to ensure it happens
@B43S6GL1mo1MO
no but only because it will drive the richest of our economy out of the country. if america introduced a similar stance on taxing the rich, id be all for it.
@B3HNKCJ 2mos2MO
Increase tax on large corporations and businesses, close the loopholes, double down on billionaires tax dollars and decrease taxes on lower income families
@B3FQZNN2mos2MO
The tax bracket should be adjusted according to inflation rate and cost of life. People should be able to buy houses, raise children and have enough money for retirement and current tax rates are preventing building wealth.
@B3FMJ9B2mos2MO
Yes, and abolish income tax for all low-income residents with yearly incomes under a certain threshold
@B3F2G6X 2mos2MO
Implement a progressive tax system or tax free basic income for those in the lower class tax bracket who do not already receive government financial support like Welfare.
@B3DKRGP2mos2MO
No everyone should pay the same tax why do rich people only actually gain half of each dollar they make
@B37ZXR22mos2MO
Yes, but the government must ensure that there are laws/regulations in place to prevent the ultra-wealthy from bypassing paying their taxes; ie: off-shore accounts or money laundering
@B35G8QW2mos2MO
Everyone should be taxed the same percent based on annual income. For example someone making $300 000 a year would pay 10% of that in taxes ($30 000), and someone making $40 000 would also pay 10% of that to taxes ($4 000).
@B2QCXXB3mos3MO
Raise income taxes on the rich and corporations. Abolish sales tax. You should not be allowed to tax people on what they earn AND everything they buy
@B2KS8R93mos3MO
Tax brackets should be changed according to economic growth, if the economy is not earning much then instead of increasing taxes they should provide subsidies.
@9ZXWKQMConservative5mos5MO
Yes. However, ensure that the taxes are not too high to make people who own businesses think about going to the States to run their businesses.
@9ZXMNFX5mos5MO
No, but have systems in place to ensure that the general population has an income that is near to one another.
@9ZTYYCS5mos5MO
I am unsure of which side to choose with the question, mainly because many of the "rich" have worked hard to reach their place in society. If they were taxed more, it would make it harder and would even cause rich people to move away from that country, which may affect our economy in some way because many rich people own businesses and companies in Canada. If they were to move away and bring their businesses with them, many people would lose their jobs.
@9ZMYJ4P5mos5MO
Abolish the Income Tax. For people who make 100k or over per annum, the GST percentage should be 5% for each purchase. For people who make below that threshold, it should be 2%.
@9ZLDVNL5mos5MO
Make anyone who’s income is $150,000 or more pay 5% in taxes. Make people who earn below the threshold pay 2%. Abolish the income tax entirely.
@9ZHL5985mos5MO
No, it should be lowered slightly for the wealthy but not the extremely rich. Loop holes should also not be allowed larger corporations.
@9ZDCKDQ 6mos6MO
lower it but also find a way to get rid of the loopholes so that everybody pays less taxes and those who have the wealth dont skip out on paying them
@9TBN9CSIndependent8mos8MO
No, but enforce federal regulations that enforce the rich to pay and prevent tax evasions through any legal loopholes.
@997TSH82yrs2Y
@B4TN8344 days4D
Yes to the maximum rate that does not disincentivize investment which leads to growth in GDP and growth in employment
@B4R2Y9D1wk1W
taxes should raise based on income, but be capped to a certain percentile for ultra-rich individuals. While they *should* pay more in taxes, unfortunately having them in the counry does positively effect the economy. Making them leave to save on taxes just makes those other countries (usually the U.S.) much richer.
@B3QNMWT2mos2MO
Billionaires should not exist. One person does not require that much wealth and it does nothing to promote our society. Anything over $300,000,000 should be taxed at 95% and the government should use that money to strengthen society.
@B39J9Q92mos2MO
Reform the income and carbon tax, the more you make the more you owe, the less you make, the less you owe
@B38NWBT2mos2MO
Yes and no... I wouldn't want them to seek other methods of negating the increased taxes they would have to pay by decreasing wages of their companies or increasing prices of their products or something like that.
@B34FTDL2mos2MO
There needs to be more than 4 tax brackets, and hst shouldn't be 13% for everything. Different items should be taxed more or less depending on the item
@B2WQSKG3mos3MO
Yes, and lower income taxes for the poor, abolish sales tax, increase capital gains tax, institute a wealth, inheritance, and land value tax, and lower property tax
@B2RDFLTNew Democratic3mos3MO
Yes, by introducing new income brackets and treating investment income more in line with salary income
Yes, but improve tax codes to include speculative and other financial assets that earn above a certain threshold.
@B29NNVQConservative4mos4MO
We should marginally reduce income tax and reform government spending. Alberta (Canada's lowest tax region) is taxed more than California (America's highest taxed region). Lower taxes invite more investment in the country and the companies in it. But the above is highly dependent on government spending being fixed and adding a limit to our spending (Similar to the US debt ceiling)
@B299KXZ4mos4MO
The "rich" needs to be better defined. Making $250,000 before taxes per year does not mean you're rich anymore, it means you live comfortably. I'd argue you'd need to make north of $500,000 per year before taxes to be considered "rich"
@9TQY4VY7mos7MO
raising taxes on the rich would give handouts to the poor, it would be better to provide the poor with more jobs.
@9QR7ST510mos10MO
taxes should be fair for everyone not too high or low, since rich people also had to work hard, even if they didn't likely their families did.
@9PQQXRY10mos10MO
I am middle class. I feel it is unfair to over tax those who have achieved wealth as an individual.
@9NXCW6Q11mos11MO
Yes, but not to the point where it negatively affects the rich and they can no longer support their needs.
@9M8ZG9Q12mos12MO
I believe they should pay more but not significantly. Say, if you make over a certain amount a year than your tax rate might be slightly higher.
@9M8CPJ412mos12MO
Make there be more tax brackets, that make it where the final tax bracket involves anyone who is part of the top 2% income earners.
@9LZ9ZMN12mos12MO
No, because the tax bracket already is raised on people with more annual income which is already morally incorrect because people work for the money they make.
@9LTRGRMNew Democratic12mos12MO
Lower the income tax rate for lower and middle class and remove all existing tax loopholes for large corporation (and continue to remove loopholes as they are found).
the rich should be treeded like evrey other person that is not as rich as them evryone should be treaed the same in my eyes
@9JQ8YN2Conservative1yr1Y
depending on how much the eprson make a year, should be the reason for how high or how lower their taxes
@9J73G5HConservative1yr1Y
I’d say cut 2/3 of the wage for all people in the House of Commons and keep the TAX how it is now for the rich
@9H4B72J1yr1Y
Have a limited set of allowed money, and whenever you earn more than the said amount, the money goes towards the government.
@9GYC866Conservative1yr1Y
When it comes to really rich people who get out of paying tax or paying little to no tax I think that they should also pay
@9GRZW9K1yr1Y
Lower income taxes, increase sales taxes, conduct a review of the tax system, and remove tax loopholes.
@9GJPKWT1yr1Y
The rich should provide a minimum donation to support programs for increasing quality of life for low income families, marginalized people, and reforming criminal systems.
@9G3LBVG2yrs2Y
Everyone should have a similar tax but it depends on who the person is and what they own in there tax pay
@9FT9QJN2yrs2Y
my stance on this oppion is as much as you want to tax the rich they will continue to find a way around them
Depends on the perception of the people. If middle income families are forced to go to a single vehicle while multi-Tesla homes are on the rise, the problem could be rooted in corporations willingness to spend budgets on high end items driving up prices out of the reach of the working class. Shareholders that have a large stake in a company tend to also behave like they are rich owners. While they squeeze every dollar out of a corporation, we are subsidizing wages. Taxing the corporations more is a disincentive to invest in Canada, and jobs move to where they are cheapest rather than most eff… Read more
@9FLG9ZS2yrs2Y
The rich will never be taxed so it doesn't matter
The rich should be forced to pay their taxes IN GENERAL. There are too many policies that benefit wealthier folk that the middle class and poor individuals with never have access to.
@9FDQHRW2yrs2Y
Yes, and impose taxes on the company-shareholders, should build tax system around the holding of companies, and eliminate these kind of loopholes.
depends if they are contributing to society
@9FBQDWX2yrs2Y
No. But lower everyone else’s taxes
@9F9L3B92yrs2Y
@9F9B35R2yrs2Y
tax should have to do with your income
@9F8XJM82yrs2Y
the amount of tax you pay is decided by your yearly income
@9F8XHMZ2yrs2Y
Yes as they have more money to hold onto, and tax money helps run our country
@9F8NJJ82yrs2Y
yes, make it a little more expensive and put the cost lower for the poor
@9F7R9DG2yrs2Y
no taxes are way to high and need to be lowered
@9F7JQGC2yrs2Y
Tax accordingly though reform the tax laws to stop overtaxing hardworking residents. there is no point in taxing someone for overworking yet the cooperations write off almost everything.
@9F3WXLX2yrs2Y
Lower taxes on middle and lower income Canadians and close the loopholes
I believe that taxes should be an equal amount for everybody, but if someone is struggling with money should be put on hold so they can get back on there feet.
More for the rich, less for the poor. Rich people don’t need that much money, while the poor do, the rich can help the poor with their tax money
@9DYV2PR2yrs2Y
Yes, increase for the rich and reduce for the poor to shorten the rich-poor gap.
@95XKCJX3yrs3Y
No more taxes overall, For all citizens. No income tax. No property tax. No sales tax. Only tax foreigners.
@95HSFZV3yrs3Y
no, but they should remove all existing tax loopholes for large corporations.
@9VKQQKV7mos7MO
Yes but only if the rich make more than 450,000 per year and also lower taxes for the ones who are struggling financially.
@9TRBJ3C7mos7MO
Taxation should be universalized based on the yearly income and small bussinesses should be promoted and in addition to that industry wise taxation should be applied.
@9SP5JPN8mos8MO
Only if they're not contributing to innovation and economic growth; otherwise, taxes should be reduced
@9RR275S9mos9MO
Increase the tax rate for the majority of the brackets while also removing the existing tax loopholes. Large corporations do need to be the priority though. Economic freedom on a consumer level should be the first and foremost priority to prosperity.
@9RCGFXG9mos9MO
Not only raise taxes, but crack down on offshore banking, tax capital gains made via stocks, and put legal limits on shareholder earnings so larger businesses can pay their workers more.
@9R49PL39mos9MO
Not really. what if big businesses helped out small businesses by giving money and they can can get tax credit and the small business can try to grow there business
@9QZVT449mos9MO
Increase taxes substantially for the rich, (over $500,000/year), lower taxes for those who make under $500,000 per year and remove existing tax loopholes for large corporations.
@9QZCYDN9mos9MO
Yes they should. They should also remove all existing tax loopholes for large corporations and very rich people.
@9J4JGWRConservative1yr1Y
Reform tax at all levels. Find new ways for the government to generate revenue other than heavily taxing the citizen
@9HCSTN21yr1Y
Yes, and remove all existing loopholes under income tax and other taxes for the wealthy and large corporations
@9D8CP57Conservative2yrs2Y
No. Replace the current structure with a flat tax on your income and property only. No sales tax.
@9DWFG682yrs2Y
Taxation without representation is theft. Remove all existing tax loopholes for corporations, abolish the income tax, change our current system to a direct democracy
@8SYNXFC4yrs4Y
Yes, on the top 1% of filthy rich
@8RTRQS54yrs4Y
Flat tax and close tax loopholes
@9ZXF48X5mos5MO
No, Canada should not raise taxes on the rich because they worked hard to get that money and to be wealthy.
@9CMFTM62yrs2Y
Increase by small amount for rich and reduce taxes for the poor
@9BZLYF62yrs2Y
Lower tax for poor people, but maybe raise tax for rich people
@9BWP6T82yrs2Y
Tax the billionaires like Jeff and Elon who pay none.
Abolish the income tax and decrease the sales tax
@9BMDJJNConservative2yrs2Y
Raise taxes on rich and lower for poor house owners
@9B3622V2yrs2Y
Only on those ultra-rich earning more tha 300k a year. Anyone below 200k should have a tax reduction.
@9B2TLTC2yrs2Y
Raise taxes on those with a higher and steady income
@99XRF242yrs2Y
depending on how much land you own
Have the same tax rates for everyone and erase existing tax loopholes from the rich.
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