April 26, 2016

Do Canada’s rich pay their fair share in taxes?

Brian LilleyArchive

We hear it from leftists and liberal politicians all the time: The rich don't pay their fair share in taxes. But is it really true? What do the numbers say?

Do you know who accounts for over half the taxes paid in Canada? Those earning over $100,000 a year. Those people are NOT the "one per cent."

Watch to find out what THEY pay.

You might be surprised.

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commented 2016-04-27 01:56:49 -0400
Great video. Just a few days ago, I had a talk with a leftist on how the 1 percenters pay 20 percent of all taxes. The leftist did not believe me, and even asked me where I got this statistic from. I responded that I got it from the super left wing CBC. This leftist then proceeded to talk about how businesses pay no taxes. I responded that Alberta has a corporate tax of twenty percent. The leftist then said that business get their taxed money back from the government.

It seems to me that leftists will believe just about any drivel to suit their hatred of anybody who has achieved success.

On another occasion with a different leftist, I dropped this same statistic. She then proceeded to rant about how the one percenters paying twenty percent was too little.
commented 2016-04-26 19:08:14 -0400
PETER NETTERVILLE commented 2016-04-26 12:48:01 0400
So if as Matthew Lewis says, “The real “rich””, the “owners/controllers of large multinational companies, upper management in commercial banks and central bankers” are sheltering their money, those people are very few and would not make a large impact on the income tax collected by the government revenue stream.

That is a little simplistic Peter.

First of all large corps create fewer jobs then small business owners. In fact they are constantly looking for ways to reduce their employees and have the money to implement automation. Think self checkouts at grocery stores and self serve kiosks at Mcdonalds. Plus all the robots that do manufacturing jobs. Second the offshoring of manufacturing(and coding and tech support and…). The companies can structure the way they do their imports to keep most of their profits offshore. Thanks to trade agreements that the same multinationals help write they pay no duties to import products. Apple for example has 181 billion in offshore cash. A study claims that they paid only 2.3% taxes on profits offshore.


Third they are far between but we don’t actually know how much money we are losing out from collecting. Most of what they are doing is using legal loopholes that our crooked politicians conveniently leave for them. we don’t necessarily have a good idea how much money these people and companies are even making. That is the whole point of structuring their wealth using corps and trusts. A lot of these guys just keep all their wealth in the companies and fly around in private jets and stay in 5 star hotels that are all paid for by the company.

These pricks are literally paying almost nothing because their books show no profits while they cheerlead tax increases for chumps like us.
commented 2016-04-26 18:44:52 -0400
John, you wouldn’t know the truth if it hit you in the head. Now get off your mommas tit and wake up you delusional moron. You fucking commies try to hide in the weeds and promote your whacked out schemes that are nothing but crap. You want to know how to fix society? End equalization, payout the Indians and end the Indian act once and for all, cut the public sector by 50%, cut the federal government by 80% and leave them in charge of only national programs like military. Cut the Nationalism bullshit.
commented 2016-04-26 15:23:24 -0400
Perhaps it is time to appoint a commission to study the taxation system within Canada. That would provide a few jobs for some people. The cost could be classified under “infrastructure”! Perhaps it is time to do away with the system altogether and just have a flat tax based on consumption – say around 25%. This would be equal for everyone. The rich would pay their ‘fair share" based on their consumption of high end products. Likewise the poor and middle class would pay less as they tend to “shop around for bargain prices.”
So, a “billionaire” purchasing a home for $2 M would pay $500 K taxes on it. A "middle class’ wage earner purchasing a $300 K home would pay only $75 K taxes on it. Seems fair. Since commodities such as food, heating, gas, etc. are priced the same, everyone would pay equal taxes on them.
There would be no need to file taxes. There would be no “tax credits”. There would be no “tax loopholes”. Simply pay on your consumption of goods and services.
commented 2016-04-26 15:02:16 -0400
Daniel, thanks for finding the ‘error’.
commented 2016-04-26 14:55:48 -0400
I see what you mean John. Although, it does add up correctly if you just use the bottom three brackets; the >100K includes the 150K-250K and >250K brackets.
commented 2016-04-26 14:37:44 -0400
I’m by no means a genius. But the numbers in the graph at 2:42 of the video just do not add up. I end up with 102.77% of the tax returns paying 133.17% of the personal income tax. Something is not right here. A mistake was made either accidentally or intentionally.
commented 2016-04-26 14:35:34 -0400
Another talking point from the left is income inequality… yet, in 2005, the top 1% in Canada and USA took about 15% of all salaries… in 2015, Canada’s 1% took about 10% of all salaries bu in the US, the top 1% take about 20% of all salaries….income inequality is going down in Canada and up in the US, and this has had some negative outcomes. For example… my personal observations are that if someone has a great innovation, but need a little seed money to get going.. it would take no more than a couple of days to raise 100K in the USA, simply from friends and neighbours…. but in Canada, you could talk yourself blue in the face for a year and never raise any seed money. Of course there are exceptions, but this is my observations and actual result as a consultant who (in-part) helps innovators get off the ground and into commercialization.,,,
commented 2016-04-26 14:33:41 -0400
So I guess Libs is suggesting that anything prior to free trade was socialist or communist? What a moron!
commented 2016-04-26 14:31:54 -0400
The fact is why have hundreds of the same type of business, and how does that benefit the nation as a whole?
commented 2016-04-26 14:30:59 -0400
See Zulu wishes to state that it is good to be uneducated when I know mathematics, information technology, computer science, programming and business administration all from just six years of post-secondary. Do not forget the writing aspect as well.

But I guess owning a business does your part to say yup I am a conservative and living into my ideological stereotype when people should just be what they want to be.

To me small businesses that offer just food are doing themselves a disservice and therefore fail within the first year. Taking risks is something most people cannot do.
commented 2016-04-26 14:28:42 -0400
I guess the truth matters not to you Libs because nationalism is a state capitalist model which we had prior the free trade days of the late 80’s but why should the truth matter to you?
commented 2016-04-26 14:25:09 -0400
I went to a one room school house and did not graduate from high school.

Joined the military and became a man.

I run a multi million dollar business that I started from scratch with two friends.

All because of hard work and some good friends who work with me.

Millenials? LOL

Never met one that could work along side us old guys – they all fade away.

If JS is an example (I am certain there are some good ones) I am glad I do not have to rely upon his ilk – weak, insipid, entitled and not ready to take a risk – just looking for a job – from one mommy to another.
commented 2016-04-26 14:06:28 -0400
Hey kids – we have to pull out our Librano secret decoder rings to decipher their lexicon. Set your decoder rings to “veritas plus” and tap in “the rich”.

Oh look at this – my ring tells me they really mean middle class private sector working class who are lucky enough to have a job and are depleating their savings paying taxes and tax-inflated essentials..Wow – gotta hand it to those Libranos to reclassify modest income people as being “rich” (sarc. off).

They must think we are as numb to their lies as their co-opted media , the Liberals are a party owned by “the rich” for the rich.
commented 2016-04-26 13:53:34 -0400
John, you useless communist scumbag. Full employment and no free trade? I guess the world will buy our products because we are nice people. Full employment at minimum wage? Go flush your head down the toilet as you are a complete moron.
commented 2016-04-26 13:09:06 -0400
I’m not sure how closely aligned our tax system is compared to the U.S. but this debate was quite interesting/entertaining. https://www.youtube.com/watch?v=Q_GW-yXlvWY
commented 2016-04-26 12:48:01 -0400
Once I filtered out the idiotic ramblings of John Siciliano the remaining comments were good reading.

Without the rich, whether they shelter their earning in off shore accounts or not, no one would be employed.

So if as Matthew Lewis says, “The real “rich””, the “owners/controllers of large multinational companies, upper management in commercial banks and central bankers” are sheltering their money, those people are very few and would not make a large impact on the income tax collected by the government revenue stream.
commented 2016-04-26 12:45:54 -0400
For the record, even the poor in Canada are “rich” by world standards. Go talk to a rickshaw driver in Delhi and tell him how you are part of the poor!!
commented 2016-04-26 12:26:35 -0400
John, I don’t see any comment putting down IT as a career. There are plenty of big and small IT companies. For instance, large manufacturing using high end robotics, 3D CNC systems, all IT. Someone started those companies. Are they evil? You sound like a woe is me type, even singling out your poor hard done by generation, yet you don’t recognize how hard it was for previous generations to accomplish what is much easier in today’s world. They earned where they are, they took the risks, yet you sound like you want what they earned, without the risk and effort. And in case you didn’t notice, the article is about taxes, of which business owners pay the lions share already. Maybe your share should be similar.
commented 2016-04-26 11:50:25 -0400
Any time there is a discussion of the rich paying their fair share or not you have to be very clear about which “rich” people you are talking about.

The average person considers anyone with more money then them rich. So for the middle class “rich” is the small business owners who lives in a 1.5 million house and drives a Ferrari on the weekend. This guy is actually just upper middle class or lower upper class. He pays way more then his fair share in taxes.

The real “rich” are owners/controllers of large multinational companies, upper management in commercial banks and central bankers. They shelter their profits in offshore corps and trusts and pay almost zero taxes.

Unfortunately both these groups get lumped together and there is endless debate over whether taxes need to be raised on the rich. When both sides just need to clarify who they are talking about and then would likely be in agreement.

The lack of clarity on this difference by the media and talking heads is likely on purpose to confuse the issue and protect their masters who are in the latter group from ever being liable for the taxes that they are shirking. In fact the latter group likes it when taxes are raised because it makes it harder for people who are wealthier (but not actually rich) from competing with them.
commented 2016-04-26 11:35:56 -0400
Also, I went to college or university just like everyone else.

So I do not see how working in technology is entitled?

Sounds more like a talking point!
commented 2016-04-26 11:34:53 -0400
Also, everyone is allowed to believe in what they want.

Anti-globalism will grow in Europe due to the corporatization of the EU and that is synonimous with free markets. Do not forget they all followed the same formula laid out by Raygun.

So I am aware of all this.

The only question is whether you believe free trade is the way to get there or a nationalist state.

I would say the latter since life according to my parents was great. You could get a job out of high school and there were many industries to employ in the industrial sectors. It is a shame that conservatives look down upon manufacturing as did Flaherty towards Ontario.

The Canadian Action party agrees that TPP and other free trade agreements will lead to double digit unemployment in a decade and they suggest it is due to FTA, NAFTA and all the free trade agreements.

All the economists said so in 1988 according to headlines and they were independent-minded. So much for your arguments, Zulu!
commented 2016-04-26 11:28:39 -0400
Not everyone is cut out for entrepreneurship.

But it is a shame that you view industrial manufacturing as no way for a nation to employ the many society which is becoming more and more common.

Outsourcing during the mid-2000’s and the 1990’s was due to free trade which I am opposed to.

Those that support free markets have no clue what it is.

Of course, protectionist parties like the Canadian Action party support small business over big business. Big business is the problem and it always has been.
commented 2016-04-26 11:21:27 -0400
John S. = millennial it seems = entitled.

I wonder who will grow the food, actually feed him, clothe him and lay the pipe, pound the nail, weld the metal, clean his office toilet, deliver his computer parts, provide heat and cooling, wire the telephone systems, build the highways, build the office buildings, etc?

Such a smug, spoiled and entitled person = no idea of the realities of life, business and more.

He is the typical example – maybe he will grow up some day but not likely it would seem.

Thanks goodness my kids are not like him – I would be ashamed of him if I were his parent.

Quote – “I choose for politics nationalism which is anti-racial and for uniting Canadians.” – End Quote

What he presents is doing the exact opposite today – yet he and his ilk are to narrow minded to see it.

Nothing more to say – his shining example proves he is not worth it.
commented 2016-04-26 10:54:22 -0400
John, all generations were affected, poor little you. You once again prove you know nothing about business. Small business make the lions share of all business, and pour more money into all than any other. Where the heck do you think big business comes from? It doesn’t drop out of the sky! It is grown. Since you would never take such a risk, you wouldn’t know.
commented 2016-04-26 10:40:31 -0400
Governments who over-tax can, at the very least, provide citizens with something in exchange. For example, the right to bear arms and carry is worthy of an extra percentage point. It will govern politicians the realization that they are targets if the fail. Nothing brings reality some faster to a moronic politician when they learn that they will have to dodge bullets. It’s part of their job description.
commented 2016-04-26 10:38:21 -0400
I believe in protectionism because my generation the Millenials were impacted by the global economic downturn. Why try which has existed as a corporate capitalist system since 1988 and to what end.

How does the overall business end up benefiting society more than industrial manufacturing which can make the nation rise and benefit?

I would say protectionism and manufacturing and tariffs are more useful than a small business which just is an emulated version of another business.

Which is why I chose I.T. I choose for politics nationalism which is anti-racial and for uniting Canadians.
commented 2016-04-26 10:30:06 -0400
John, why not try this. Take a risk, put up your money, start a business, employ people, pay them a decent wage, help your community, circulate money through it, pay yourself well, pay your taxes, all of them, they are quite high, and then come back with an ounce of credibility having taken the risks yourself.
commented 2016-04-26 10:21:16 -0400
Nationalism, protectionism and anti-free trade and the mixed economy would end the boom-bust cycle and stabilize everything, something completely missed and I would say purposely ignored by the mainstream and even CON supporters on here.

The party I put my hat behind is the Canadian Action party a party which was led by the famous Paul Hellyer a person who ran for the PC leadership in 1976 and the Liberals in 1968.

People have to realize that prior to the FTA in 1988 Canada had capitalism and it was more nationalistic. Some people on here, in fact I would say almost all, lack knowledge of the differences between socialism, democratic socialism, nationalism, civic nationalism, racial nationalism, etc.

This only reinforces my premise that Conservatives and mainly grassroot conservatives do not grasp ideology but they need to be told how to think.

Economics worked quite well after WW2 with low debts and a better standard of living until 1979. I would say the oil crisis forced the high interest rates and a lowering of our standard of living including two incomes per household as well as more credit needed to done by mainstream society.