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09-08-2011, 01:13 PM
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#1 | | I *heart* Revscene.net very Muchie
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| Income taxes to rise in B.C. following rejection of HST
Income taxes to rise in B.C. following rejection of HST - The Globe and Mail Quote:
British Columbians should brace to pay more in personal income taxes as part of the price of voting to eliminate the harmonized sales tax, finance minister Kevin Falcon said Thursday.
At a briefing to update the province’s fiscal situation, Mr. Falcon said the province will have to absorb a $2.3-billion hit over the next three years as it unbundles the provincial sales tax and the federal Goods and Services Tax - as directed by a majority of voters in a province-wide referendum.
The PST is expected to be back in place no later than March, 2013 and when it is restored, the government will also claw back $456-million worth of tax relief that it had bundled up with the introduction of the HST.
That includes $230-million worth of low-income tax credits, and $226-million that increased the basic personal exemption on income taxes.
Mr. Falcon said the government will still meet its balanced budget targets in 2013 but it will require “belt-tightening” to cover the increased costs associated with backing out of the federal agreement on the HST.
However, the figures presented at his fiscal update were inflated because they did not factor in the promised reduction in the HST rate, had the government won the referendum. Finance officials later said the cost of re-introducing the PST and the GST will be $2.2-billion over three years.
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09-08-2011, 01:15 PM
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#2 | | My homepage has been set to RS
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Wow.. that sucks.. good job idiots who voted down the HST..
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09-08-2011, 01:15 PM
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#3 | | I STILL don't get it
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i know these fuckers will draw our blood somewhere else. thats why i dont bother vote against hst.
if the government want to rape you, they will find a way to rape you unless you move out of the province or country
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09-08-2011, 01:21 PM
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#4 | | I subscribe to the Fight Club ONLY
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if you don't vote, you have NO right to complain.
as for the tax increase, where did people expect the money to come from? out of thin air?
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09-08-2011, 01:22 PM
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#5 | | RS.net, helping ugly ppl have sex since 2001
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Sigggghhhhhh
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09-08-2011, 01:32 PM
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#6 | | Banned (ABWS)
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well that's a surprise. NAHT.
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09-08-2011, 01:43 PM
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#7 | | ninja edits your posts without your knowledge
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| Quote:
Originally Posted by benwang i know these fuckers will draw our blood somewhere else. thats why i dont bother vote against hst.
if the government want to rape you, they will find a way to rape you unless you move out of the province or country | Are you retarded?
The vote came down to 54% vs. 46%. That's a 4% difference. The outcome could have easily been the other way around had more people went out and voted.
52% of the province came out and voted. That leaves a whole whopping 48% that did not. Even if you account for people being away, the number is ridiculous.
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09-08-2011, 01:48 PM
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#8 | | HELP ME PLS!!!
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Not a lot of people cares because they will rape us either way Posted via RS Mobile | |
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09-08-2011, 01:49 PM
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#9 | | Banned By Establishment
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lol, more lies from the government.
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09-08-2011, 01:58 PM
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#10 | | My homepage has been set to RS
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oh so after they bridge the 2billion $ gap they will bring down income tax back.. fuck that....oh same as parking meter rate increase to bridge gap for revenue they lost during olympics......
i dont believe anything the government says anymore... NDP/LIBERALS/CONS... all crooks one way or another...
btw. so when are to MPs getting next raises???
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09-08-2011, 02:01 PM
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#11 | | My homepage has been set to RS
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these increases to the income tax (more like decreases to credits) are not very significant at all. Morever, the more income you have, the more you'll contribute to paying off this debt. Half of you people on here who are students with low income should not even be worried. The others who have a moderate income are also not TOO screwed either. Don't just hear "tax increase" or "tax cut" and react violently right away
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09-08-2011, 02:01 PM
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#12 | | Willing to sell body for a few minutes on RS
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I'm not surprised.
Government needs money....Its got to come from somewhere.
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09-08-2011, 02:06 PM
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#13 | | I STILL don't get it
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the only silver lining in all of this is seeing the expression of the poor/uneducated that voted against the HST watch all these stories and realize what the fuck have they done?
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09-08-2011, 02:14 PM
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#14 | | I contribute to threads in the offtopic forum
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And once again if this happens the majority of short sided public will not bitch about how the government fucked up in the first place but will instead bitch about the majority vote that abolished it.
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09-08-2011, 02:15 PM
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#15 | | I am grateful grapefruit
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| Quote:
Originally Posted by nates the only silver lining in all of this is seeing the expression of the poor/uneducated that voted against the HST watch all these stories and realize what the fuck have they done? | Except the poor aren't the ones that are paying the extra taxes - most of the tax burden will fall on the middle class who don't have the ability to write off their expenses.
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09-08-2011, 02:16 PM
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#16 | | My homepage has been set to RS
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theres no such thing as decreasing taxes, ever, anywhere
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09-08-2011, 02:24 PM
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#17 | | YOU CANT CUT BACK ON FUNDING! YOU WILL REGRET THIS
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good job getting rid of the HST VANDER ZALM.
GO, FIGHT ONCE AGAIN FOR YOUR FUCKING PEOPLE
OH WAIT YOU WONT FUCKING DO THAT BECAUSE ALL YOU WANTED TO FUCKING GET RID OF THE FUCKING HST BECAUSE YOU OWNED FUCKING DEVELOPMENT PROPERTY ON FUCKING STEVESTON HIGHWAY WHERE THE FUCKING FANTASY SHIT GARDENS USED TO BE AT (sidenote: you fucker wasted so much building that too shitfacehead). NOW YOU BRING MORE FUCKING TAX TO FUCKING PROVINCE. GO FUCKING HIDE FUCKER
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09-08-2011, 02:32 PM
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#18 | | Banned By Establishment
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lol hst tax neutral
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09-08-2011, 02:43 PM
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#19 | | The RS Freebie guru
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But if the HST was never introduced, we wouldn't be in such a position, right?
I guess this is a case of two wrongs don't make a right?
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09-08-2011, 02:53 PM
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#20 | | I am grateful grapefruit
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| Quote:
Originally Posted by InvisibleSoul But if the HST was never introduced, we wouldn't be in such a position, right?
I guess this is a case of two wrongs don't make a right? | I think that with the way things are going in the country - a lot of provinces will be introducing HST in the next 10 years. It honestly makes more sense for businesses to open up in a province with HST than the PST/GST combo, and in a few years - as businesses stop opening up in BC - they'll understand and reintroduce the HST.
It's funny - because the Ontario Premier himself said that if BC scrapped the HST - it would give his province a competitive advantage.
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09-08-2011, 02:55 PM
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#21 | | 14 dolla balla aint got nothing on me!
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So many problems on something that shouldn't have existed in the first place Posted via RS Mobile | |
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09-08-2011, 03:29 PM
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#22 | | Banned (ABWS)
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Originally Posted by dachinesedude theres no such thing as decreasing taxes, ever, anywhere | Not true. Income tax in BC has decreased for most of the last decade.
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09-08-2011, 03:39 PM
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#23 | | RS.net, where our google ads make absolutely no sense!
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Can we have a referendum on this income tax increase too?
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09-08-2011, 05:56 PM
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#24 | | Rs has made me the woman i am today!
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Originally Posted by Greenstoner Not a lot of people cares because they will rape us either way Posted via RS Mobile | At least with the HST you can control how much money is taken out of your pocket, spend less, save more. With income tax, the govt decides how much money they get to take.
So most people should care!
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09-08-2011, 05:59 PM
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#25 | | Rs has made me the woman i am today!
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Originally Posted by Captain Picard
good job getting rid of the HST VANDER ZALM.
GO, FIGHT ONCE AGAIN FOR YOUR FUCKING PEOPLE
OH WAIT YOU WONT FUCKING DO THAT BECAUSE ALL YOU WANTED TO FUCKING GET RID OF THE FUCKING HST BECAUSE YOU OWNED FUCKING DEVELOPMENT PROPERTY ON FUCKING STEVESTON HIGHWAY WHERE THE FUCKING FANTASY SHIT GARDENS USED TO BE AT (sidenote: you fucker wasted so much building that too shitfacehead). NOW YOU BRING MORE FUCKING TAX TO FUCKING PROVINCE. GO FUCKING HIDE FUCKER | I lol'd when I read this!
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