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-   -   Income taxes to rise in B.C. following rejection of HST (https://www.revscene.net/forums/653147-income-taxes-rise-b-c-following-rejection-hst.html)

MR_BIGGS 09-08-2011 12:13 PM

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.



melloman 09-08-2011 12:15 PM

Wow.. that sucks.. good job idiots who voted down the HST..

benwang 09-08-2011 12:15 PM

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

Enraged 09-08-2011 12:21 PM

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?

sonick 09-08-2011 12:22 PM

Sigggghhhhhh

illicitstylz 09-08-2011 12:32 PM

well that's a surprise. NAHT.

CRS 09-08-2011 12:43 PM

Quote:

Originally Posted by benwang (Post 7571593)
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.

Greenstoner 09-08-2011 12:48 PM

Not a lot of people cares because they will rape us either way
Posted via RS Mobile

Meowjin 09-08-2011 12:49 PM

lol, more lies from the government.

tool001 09-08-2011 12:58 PM

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???

drunkrussian 09-08-2011 01:01 PM

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

maxxxboost 09-08-2011 01:01 PM

I'm not surprised.

Government needs money....Its got to come from somewhere.

wreck 09-08-2011 01:06 PM

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?

Phil@rise 09-08-2011 01:14 PM

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.

gars 09-08-2011 01:15 PM

Quote:

Originally Posted by nates (Post 7571643)
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.

dachinesedude 09-08-2011 01:16 PM

theres no such thing as decreasing taxes, ever, anywhere

CP.AR 09-08-2011 01:24 PM

:speechless:

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

Meowjin 09-08-2011 01:32 PM

lol hst tax neutral

InvisibleSoul 09-08-2011 01:43 PM

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?

gars 09-08-2011 01:53 PM

Quote:

Originally Posted by InvisibleSoul (Post 7571681)
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.

Mercy 09-08-2011 01:55 PM

So many problems on something that shouldn't have existed in the first place
Posted via RS Mobile

taylor192 09-08-2011 02:29 PM

Quote:

Originally Posted by dachinesedude (Post 7571657)
theres no such thing as decreasing taxes, ever, anywhere

Not true. Income tax in BC has decreased for most of the last decade.

littledog 09-08-2011 02:39 PM

Can we have a referendum on this income tax increase too?

TheKingdom2000 09-08-2011 04:56 PM

Quote:

Originally Posted by Greenstoner (Post 7571622)
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!

TheKingdom2000 09-08-2011 04:59 PM

Quote:

Originally Posted by Captain Picard (Post 7571663)
:speechless:

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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