According to USAFacts, in 2023 the US Fed government collected 119 billion in tax revenue from Minnesota and paid 75 billion in benefits to Minnesotans. Denying Medicaid payments is kind of a fraud, too.
I have always wondered why governments that provide business incentives for investment, never require a share of the return when the investment works out. After private investment has made a reasonble return, a portion of the extra could go to the government for providing the incentive?
Or people could buy a Chinese EV and pay 22 cents a litre to drive (home charging in BC).
First it was the pet-eating Haitian-Americans. Now it’s the Chardonnistas
It would pay for about 1 year of public medical care they would probably lose, nice
It is almost certainly bad for business, unless you are part of the Trump Syndicate.
Reporting never mentions that there may not be an economic case for new pipelines. Oil Sands bitumen likely sells at a $10-15/barrel discount because of refining issues. A new pipline will charge $10-15/barrel to transport to the BC Coast to recover capital costs. It's very risky w/o subsidies.
I saw him in Vancouver and felt the same way you did. Much better than I expected (and I'm older than you).
Did any one tell him about the federal government's Child Benefit (up to $7 or 8,000 per child)
Maybe she doesn't know that the federal government would give a family with 2 childen under 6 nearly $16,000 in Child Benefits in 2025.
And the article doesn't mention US social security taxes on earned income, which are higher than Canadian social security taxes (wage earners pay a 1.45% medicare tax). Property tax and health insurance are much higher in the US and government benefits lower. The median Canadian is better off.
Brilliant
If you count how much a person pays in taxes, the $32 figure is too high. It assumes no taxes from corporations, non-residents, etc. It assumes everyone pays the same income tax, but the top 10% of earners pay 54% of income tax. Most seniors pay $5 or less per year to fund the CBC.
Canadian tax law is too complicated (but nowhere near as complicated as the US). However, the tax haven stuff is usually way off base. Canadian corps use havens to save foreign tax, which increases returns in Canada. It is hard to legally abuse the rules.
Data / Numbers and Poilievre are not on the same wavelength.
My wife used the new online passport application. Delivered in 6 days.
My wife used the new online application process to renew her passport. She submitted the application on the afternoon of Mar 25. Received on Apr 1.
The EU has rules to limit state aid. The tax rule that the companies used (Irish company exempt from Irish tax) was considered state aid. Apple had to pay $13 billion euros in taxes to Ireland in 2024. That’s over 1/4 of BC’s annual expenditures. BC and Ireland have about the same population.
And students and low wage foreign workers who reduce per capita GDP growth.
Ireland was a tax haven. Irish companies owned by US tech companies earned billions from royalties from other EU countries. The earnings didn’t benefit Ireland until the EU made Ireland tax it.
Exactly, VATs are generally more business neutral (allow business to recoup the tax paid on inputs). US state sales taxes apply to goods consumed in a state with fewer input credits. VAT is a major part of government tax revenues in the EU (21% in 2023).
It is surprisingly difficult to legally hide money from the CRA . Corportations can earn active business income offshore without paying tax in Canada. Non-active income or Canadian related income is taxed in Canada when earned. Most income in tax havens saves foreign tax leaving more for Canada.
Whenever I see a great power think they can overtake a smaller nation, I think of a small museum in Oslo, the Norway Resistance Museum. The Norwegians are very proud about how they managed to sabotage the Nazi army from within. I think Canadians would be as creative.
And isn't the best estimate of the damage caused by burning natural gas (much of the resulting co2 will be heating the planet for thousands of years)
significantly higher than the current carbon tax?
You can't steal that, I stole it first
This is kind of scary
People in the US will probably quit drinking coffee to back President Trump
But they might repeal the laws of physics and then what.
