Quote:
Originally Posted by Harvey Specter
Is the Realtor from Calgary? Lol.
One reason I’m supporting PP is the absurd federal luxury tax. Sure, it affects the 1%, and I get that it’s a first world problem, but it’s essentially a luxury tax on top of another luxury tax. That’s just one of the reasons I’ve decided to switch sides.
And let’s be honest, most voters are self-interested and focus on issues that directly affect them. It’s no surprise, then, that the typical luxury or supercar buyer is backing PP. We’re anticipating tax cuts, and for many, that’s reason enough to make the switch.
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Dude that's the ONLY tax that's working the way it's supposed to. Taxing people extra on extavagant purchases they can definitely afford to make that other people can't AND potentially making people who are reaching and making a bad financial decision think twice about it.
The only thing I can say bad about the luxury tax is that the threshold is a bit low for today's pricing on vehicles, $60k is a pretty low bar nowadays. It should be discretionary at under $80k-ish and not include things like minivans or obvious family mover vehicles and only include car like my Supra at $73k because that's such an obvious personal luxury purchase.
It's crazy that you're for the "fiscal responsibility" party but you want to get rid of the tax that taxes exactly who should be. I don't regret for even a second that I had to pay more on my car, I didn't need it to survive and I can afford it easily so I should pay more than some person scraping by on $50k a year trying to buy a RAV4 to drive their kids around.
PS: You're never going to get your tax cuts no matter what PP says. Tell me one time in your lifetime that your tax contributions have ever gone down? The only thing I can think of even remotely like that, and due credit to the conservatives on this one -- Jim Flaherty's creation of the TFSA.