Alberta Suffering

[Hamloc]

Here some interesting numbers relating to Alberta's debt and who contributes the most in income tax. Since coming to power in 2015 the Alberta NDP has raised corporate tax 20% from 10% to 12% and they have raised the top income tax rate for those earning $300000 and up 50% from 10% to 15%. In Joe Ceci's final report on the 2017-2018 budget year both royalty revenues and investment income came in higher than expected but returns from corporate taxes were over $400 million below projections and returns from personal taxes were also over $400 million below projections. A recent article on the CBC news website had some interesting numbers from the most recent year available which is 2015. Keep in mind that this was the first year the NDP were in power and in their first budget they raised personal tax rates for those over $125000 to 10.5% and those earning over $300000 to 11.5%, both up from 10%. Those rates are now 12 and 15% respectively. The bottom 50% of wage earners contributed 2.3% of all personal income tax collected in 2015. The next 40% of wage earners contributed 28.7 of all personal tax collected. That left the top 10% contributing the remaining 69% of all personal income tax collected. Now if I was in government and I wanted to increase revenue it would appear to me that I would want to attract and therefore increase the number of high income earners as this would be the most beneficial to revenues as they certainly carry the load now. But what are most governments in Canada doing? They are raising taxes on the wealthy, telling Canadian's the wealthy need to pay their fair share. Well they are paying their fair share, they pay over 2/3's of personal taxes in Alberta and raising their taxes creates a situation where they may leave and go to lower taxed jurisdictions. But silly me, they only make up 10% of the population, there are not enough votes. Let's give all their money to lower income earners, that where the votes are and in the process lower rather than increase government revenues!!! Enjoy your day😎

[the big wheel]

Here some interesting numbers relating to Alberta's debt and who contributes the most in income tax. Since coming to power in 2015 the Alberta NDP has raised corporate tax 20% from 10% to 12% and they have raised the top income tax rate for those earning $300000 and up 50% from 10% to 15%. In Joe Ceci's final report on the 2017-2018 budget year both royalty revenues and investment income came in higher than expected but returns from corporate taxes were over $400 million below projections and returns from personal taxes were also over $400 million below projections. A recent article on the CBC news website had some interesting numbers from the most recent year available which is 2015. Keep in mind that this was the first year the NDP were in power and in their first budget they raised personal tax rates for those over $125000 to 10.5% and those earning over $300000 to 11.5%, both up from 10%. Those rates are now 12 and 15% respectively. The bottom 50% of wage earners contributed 2.3% of all personal income tax collected in 2015. The next 40% of wage earners contributed 28.7 of all personal tax collected. That left the top 10% contributing the remaining 69% of all personal income tax collected. Now if I was in government and I wanted to increase revenue it would appear to me that I would want to attract and therefore increase the number of high income earners as this would be the most beneficial to revenues as they certainly carry the load now. But what are most governments in Canada doing? They are raising taxes on the wealthy, telling Canadian's the wealthy need to pay their fair share. Well they are paying their fair share, they pay over 2/3's of personal taxes in Alberta and raising their taxes creates a situation where they may leave and go to lower taxed jurisdictions. But silly me, they only make up 10% of the population, there are not enough votes. Let's give all their money to lower income earners, that where the votes are and in the process lower rather than increase government revenues!!! Enjoy your day😎

Ya that's the picture but what goes into making that picture? Those top 10% and good for them have excess money to the point it don't matter what the price litre of gas is. Also they get their excess money out of paying the bottom half as least as possible almost exploitation. There is an income imbalance pay the labourers more and they can more than afford more tax also. It works the same for everyone. Don't pay the lower end much and what are we expecting them to pay more if the taxes???

Excessive salaries for make belief jobs are a crime. Remember Pamela walking getting a high paid job to be an advisor on some mine or something? Like really are you kidding! Someone pays for all that crap because that goes into the price the rest of us pay.

Oil execs give themselves raises because the can't afford roe drive to work. That xauses the gas prices to go up which means the tax will go up as it is a percentage of what the oil execs want. Never ending cycle that we pay for.

[Horse]

Klause. Cry me a river it must be dam hard living on $1500/day plus mileage plus hotel/meals/ the odd fishing trip/or working weekend in Huston( probably with hooker supplied) not tp mention corperation yep must be tough getting by on a measly 2/300 000$ /yr.
And if there is dirty work to do you ph some grunt for $30/hr so you don't get your hands dirty.
We pay the PM 300 odd thousand and not too many oil execs that earn that much run anywhere as big a corporation.
The top 10 % control more than 90% of the worlds wealth. So where would you like to get the tax $ to run the country. Anyone making say 30 thousand a yr pays a far higher % of there wages to taxes than those who get the big money, Say Hunter Harrison %47 mill.

[BreadWinner]

Carefull Klause your hitting a nerve with yhe socialists.

[Hamloc]

Klause. Cry me a river it must be dam hard living on $1500/day plus mileage plus hotel/meals/ the odd fishing trip/or working weekend in Huston( probably with hooker supplied) not tp mention corperation yep must be tough getting by on a measly 2/300 000$ /yr.
And if there is dirty work to do you ph some grunt for $30/hr so you don't get your hands dirty.
We pay the PM 300 odd thousand and not too many oil execs that earn that much run anywhere as big a corporation.
The top 10 % control more than 90% of the worlds wealth. So where would you like to get the tax $ to run the country. Anyone making say 30 thousand a yr pays a far higher % of there wages to taxes than those who get the big money, Say Hunter Harrison %47 mill.

So I am curious Horse did you read my post above?

[Horse]

Yes hamloc I read it and what I see in your post is that 10% are taking way more of the pie than they deserve. The bottom of the pay scale still pays all the same taxes as the top on consumer goods ie gas, carbon, booze,cigaretes,movies ,tarrifs on importedgoods, but at the end of the day the high end still has a whack of disposable income,, so as to clauses theory we all become oil execs and no more problems, instead of bitching about the civil service we should just pay them all 7 figures and tax it back, problem solved.

[LEP]

Ya that's the picture but what goes into making that picture? Those top 10% and good for them have excess money to the point it don't matter what the price litre of gas is. Also they get their excess money out of paying the bottom half as least as possible almost exploitation. There is an income imbalance pay the labourers more and they can more than afford more tax also. It works the same for everyone. Don't pay the lower end much and what are we expecting them to pay more if the taxes???

Excessive salaries for make belief jobs are a crime. Remember Pamela walking getting a high paid job to be an advisor on some mine or something? Like really are you kidding! Someone pays for all that crap because that goes into the price the rest of us pay.

Oil execs give themselves raises because the can't afford roe drive to work. That xauses the gas prices to go up which means the tax will go up as it is a percentage of what the oil execs want. Never ending cycle that we pay for.

Big Wheel claims he ain't a leftie. But if it walks like a duck and quacks like a duck.

It is a Duck.

[vvalk]

Klause. Cry me a river it must be dam hard living on $1500/day plus mileage plus hotel/meals/ the odd fishing trip/or working weekend in Huston( probably with hooker supplied) not tp mention corperation yep must be tough getting by on a measly 2/300 000$ /yr.
And if there is dirty work to do you ph some grunt for $30/hr so you don't get your hands dirty.
We pay the PM 300 odd thousand and not too many oil execs that earn that much run anywhere as big a corporation.
The top 10 % control more than 90% of the worlds wealth. So where would you like to get the tax $ to run the country. Anyone making say 30 thousand a yr pays a far higher % of there wages to taxes than those who get the big money, Say Hunter Harrison %47 mill.

Horse. How much tax would someone making $30k a year actually pay? You made his big broad statement so back it up!

[Klause]

Klause. Cry me a river it must be dam hard living on $1500/day plus mileage plus hotel/meals/ the odd fishing trip/or working weekend in Huston( probably with hooker supplied) not tp mention corperation yep must be tough getting by on a measly 2/300 000$ /yr.
And if there is dirty work to do you ph some grunt for $30/hr so you don't get your hands dirty.
We pay the PM 300 odd thousand and not too many oil execs that earn that much run anywhere as big a corporation.
The top 10 % control more than 90% of the worlds wealth. So where would you like to get the tax $ to run the country. Anyone making say 30 thousand a yr pays a far higher % of there wages to taxes than those who get the big money, Say Hunter Harrison %47 mill.

I've never been to Houston. And never had a "hooker"... They're called escorts when they are more than $300/hr though.

I'm not sure but that "grunt" I supposedly hire at 30 bucks an hour makes (30*8) + (45*4) = $420/day plus vacation, hazard, and sub. So roughly $5800 every two weeks.



I do get dirty a lot. You don't gain the respect of your crew by leading from a shiny clean office. And I never send my crew to do anything I haven't done a hundred times... Sometimes I put the roughneck in the cab and go do that "grunt" work myself.


The PM we have does sfa. He has an entire government to make decisions for him. Pm selfie now, pm closetboy before. You need a lot more skill and ability to run a company than either of the last two prime ministers has shown.


I'm not sure where ya get the $1500 a day from. I wish I made that LOL.

We spend 6-10 weeks away from our families... Wives... Kids... To put food on the table. That's worth something.


As far as paying tax... We pay more than enough. And yeah that guy making $30,000 a year pays SFA. first 15000 is tax free. Then there's a bunch of tax credits. Half my paycheque is tax and it comes off before I get paid. Lots of programs we don't qualify for because on paper our income is too high or we have too many "assets"

[Horse]

Horse. How much tax would someone making $30k a year actually pay? You made his big broad statement so back it up!

Lets say I misstated a bit, what I tried to say is disposable income Lets say rent 13000 /groc 6000,/ ei/cpp utilities, gas ,ins,lisnce/. And everything you purchase has taxes figured in the cost. App 24% on taxable income as compared to 14% on corporate rates. What it boils down to is would you rather have 50% of a mill or 100% of 30,000$ . and what's a fair split in your mind ??