Wednesday, 2 March 2011

Ordinary Taxpayers Are Footing Half the Bill for Federal Expenses, Le Devoir Says

A great story in Le Devoir this morning about how ordinary taxpayers have become the "cash cow" for the Federal government. Did you know that in 2010 for the first time you and I contributed more than 50 per cent of Federal government revenus? And this at a time when the contribution of corporations dropped by 11 per cent.

This January the tax rate for corporations dropped from 18 per cent to 16.5 per cent, and the Conservatives want to drop this even lower, to 15 per cent next January. I'd like to hear some honourable members cry "Shame, shame" as they are said to do in Hansard.


Martin Langeland said...

Kevin Drum at Mother Jones offers an informative Chart of the Day showing the rate of actual --not nominal -- corporate tax payments over time. The payments are so much less than the tax rate suggests because of credits, exemptions and special rate changes for specific industries. I expect that Parliament was similarly beneficent to Canadian corporations, further compounding the problem.
We live in a pludercrasy where only the Pirates ride free.

Mary Soderstrom said...

Have you seen this one?

A Teabagger, Union Member and a CEO are sitting at a table with a dozen cookies...
The CEO immediately takes 11 cookies for himself.
The CEO then turns to the teabagger and says,
"Watch out for that union guy he wants part of your cookie."