T.R | Title | User | Personal Name | Date | Lines |
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438.1 | The New Deficit Party | BRADOR::HATASHITA | | Tue Jun 25 1991 15:11 | 29 |
| Ontario is in for tough times. Business groups, business leaders, even
labour groups are all bemoaning the idiocy and naivete of the NDP.
Personally, I think the NDP are a crock. They were passed the reins of
power because the Ontario voting public didn't like the other two
options. The provincial coffers will be drained supporting the social
programs of the NDP and the taxes will skyrocket beyond the ridiculous
rates which are now imposed.
It's estimated that Ontario residence pay on the average 49% of their
salaries (that's 49%!!!) in taxes. The NDP government takes that
hard-earned cash and pays an unemployed couple with one child the
equivalent of $40,000/year for not working. The average starting
salary for a gradualte engineer is $28,000. What kind of stupidity is
this? A person being introduced into the workforce would have to be
utterly clueless to try and make a living at honest labour when the
NDP will pay more to have a person drink beer and play bingo.
I dearly love this province. I bitterly resent having to pay for
other people's stupidity, lassitude, and ignorance.
The bottom line is that taxes will go up. The NDP will make certain
that any viable business venture, hardworking individual, or prosporing
corporation is driven into the dust supporting the weight of its
beaurocracy and brain-dead social programs. Goodbye jobs, good-bye
opportunities.
Kris
|
438.2 | Look on the bright side... | POLAR::RICHARDSON | Sick in a balanced sort of way | Tue Jun 25 1991 19:31 | 3 |
| Well, at least Pink Floyd isn't curtailing the Grand Canal budget.....
;-)
|
438.3 | coupl'a questchuns for ya | SHIRE::ELLIS | What ever happened to George Chuvalo | Wed Jun 26 1991 07:00 | 12 |
| Kris,
Could you elaborate on that 49% taxes business? I would like to understand
how much the average single and, say, the average two kid family must pay
if they make a salary of, say, $40,000.
Oh, and by the way, wouldn't someone have to make $60k to be able to get $40k
from Unemployment Insurance?
thanks,
//rick//
|
438.4 | | BRADOR::HATASHITA | | Wed Jun 26 1991 12:17 | 38 |
| I heard it on CBC; there was a study sponsored by the Canadian
Federation of Labour and done by one of those three-name accounting
firms (Hookem, Rookem and Payne, or somesuch) to determine what
percentage of a persons salary goes to taxes (income, sales, property,
hidden, etc). The finding was that Ontario and Quebec residence
pay between 47 and 55 percent with the average being 49%. There
was no further demographic or geographic breakdown.
I did my own calculations on expenditure and tax. Keep in mind
that:
groceries are not taxed but the carrier, store, employees and
producers are all taxed. This translates to an approximate 15%
uplift in price.
gasoline, cigarettes and booz are taxed at about 70 - 80%
everything you buy gets 15% visible tax and about the
equivalent hidden tax
you pay property tax and income tax
With all of this, I figure that the 49% figure is low.
The Unemployment Insurance is different from welfare. Currently
under the NDP proposal for welfare, a couple with one child will
be eligible to receive cash, subsidized housing, medical and dental
expenses, up-keep on property, clothing and food alowances which
tally up to an equivalent of a $40,000 income level. This is
regardless of the persons work history or contribution to any fund,
or UI policy. There is a certain path to economic ruin; pay people
to be unproductive. The Communist Bloc countries are learning this
lesson. My Rae is oblivious to it.
I think Bob Rae needs a severe shot of reality.
Kris
|
438.5 | Over 61% | POLAR::COCKWELL | | Wed Jul 03 1991 14:46 | 31 |
| Got to agree with the base note .. just thinking about it is
depressing !
.4 doesn't provide what the actual percentage is for taxes, so here's
my cut at it:
For a family income of about $40k, with one child
Federal/Prov. income tax - 52.0
Property tax - 3.75 note 1
Gasoline/Liquor/beer etc - 2.625 note 2
Provincial Sales Tax / GST - 1.875 note 3
Misc. (Benefits, etc. ) - .900
==========
61.15 %
Note 1 - Property tax = $1500/yr 1500/40000 = 3.75%
Note 2 - Gas/Booze at 70% tax rate, estimate spending approx.
$1500 /yr 1500x.7= $1050 1050/40000 = 2.625%
Note 3 - PST/GST - estimate spending at $5000/yr, taxed at
15% 5000x.15=$750 750/40000 = 1.875%
So, that leaves about 39% of your gross income to be spent on:
- the other 30% for gas/booze
- the other 75% for consumer goods
- a mortgage (mine chews up another 28% out of gross income)
- anything else you can think of !
Now I'm really depressed ...
|
438.6 | | KAOFS::S_BROOK | The U word makes me c-sick! | Thu Jul 04 1991 15:24 | 8 |
| re .5
The 52% for income taxes isn't right, because that's your marginal
rate (i.e. the tax on the last dollar you earn). The average rate
on all the dollars you earn is much lower ... at 40k income it's
closer to 25%
Stuart
|
438.7 | | SUBURB::THOMASH | The Devon Dumpling | Tue Jul 09 1991 08:27 | 10 |
|
$1,500 for gas AND booze?????????
we were paying $4.00 for a bottle of beer, that's only 375 bottles a
year - thats only 3.5 bottles of beer each a week, at least you wont
get a hangover!
Heather
|
438.8 | Find a cheaper bar! | KAOFS::J_WEIR | | Thu Jul 18 1991 11:05 | 12 |
| $4.00 for a bottle of beer????????
What part of the country are you from ?
The Beer Store down the street sells a case of 24 for about $24.85.
In my books that works out to about a $1.03 a pint..( including
deposit ). According to your calulations that changes it to about 13.6
beers a week.
Any closer to that hangover yet?
John
|
438.9 | | SUBURB::THOMASH | The Devon Dumpling | Fri Jul 19 1991 07:40 | 31 |
|
> $4.00 for a bottle of beer????????
>
> What part of the country are you from ?
I was drinking in bars around Toronto, Ottawa, Kingston, and North
Bay - North Bay was about $1 cheaper.
But this was a bottle, not a pint!
> The Beer Store down the street sells a case of 24 for about $24.85.
Then either the people who run the bars are rip-off merchants, or
somehow the government takes a slice, and forces them to pay more
than beer store prices.
> In my books that works out to about a $1.03 a pint..( including
> deposit ). According to your calulations that changes it to about 13.6
> beers a week.
Well, my brother had some of those bottles, they weren't pints as far
I could tell, 440 ml I think, a pint is 570ml which is 30% more.
So, $1.03 + 30 % = $1.34 for a pint if bought from a store
�4.00 + 30 % = $5.20 for a pint if bought in bars
This is using the UK pint measure, do you use this, the US, or your
own pint measure?
Not that it really matters, I was talking of bar prices, as that's where
I normally drink.
Heather
|
438.10 | | KAOFS::S_BROOK | The U word makes me c-sick! | Fri Jul 19 1991 10:42 | 9 |
| A pint in Canada is an Imperial pint as opposed to the US pint ...
so what you call a pint is identical to ours. I think the idea of
a bottle = pint is just the idea of a typical amount one drinks
rather than being physically that amount. (Like a cord of firewood
is rarely a true cord, but is usually a 12" or 16" face cord).
Anyway, I'll ave ahf, ta!
Stuart
|
438.11 | "Rip-off merchants", you say? | COVERT::COVERT | John R. Covert | Tue Jul 23 1991 13:02 | 5 |
| Are you saying that there isn't a big difference between pub prices and
beer store prices in the U.K.?
Both in Canada and in the U.S., beer is pretty cheap at the packie, but
costs quite a bit in bars. How do you think the bar makes its money?
|
438.12 | | SUBURB::THOMASH | The Devon Dumpling | Wed Jul 24 1991 07:48 | 15 |
|
Yup there's a difference, from what I can gather here, a pint from
a bar Canada is more than 4 times the cost of a pint from a beer store.
UK 1 pint dry Copperhead cider from store is �0.83
(This is from Savacentre which is cheaper than normal off-licences, and
worked out from �2.56 for 4x440ml cans)
1 pint dry Copperhead cider from a pub is �1.50, less than twice the
cost of a pint from a supermarket.
Heather
|
438.13 | I prefer hang-overs you can afford | KAOFS::J_WEIR | | Tue Jul 30 1991 14:50 | 9 |
| A pint in Ottawa Valley terms is a twelve ounce bottle of beer. A case
is 24 bottles not 12, which in some circles is known as a box of beer.
As far as the price of beer in a bar it averages around the 3.50 mark.
The main reason for the difference beteween that and what you pay at the
beer store is known as capitalism. Call me cheap but since I was old
enough to buy beer the majority of my drinking was done from beer I had
bought at the beer store.
John
|
438.14 | Speaking of hang-overs | KUTIPS::LACAILLE | Half-filled bottles of inspiration | Wed Jul 31 1991 17:57 | 12 |
|
Wally, (sorry...John)
Why don't you come down this weekend, I've a fresh box and
nobody to drink it with...it'll be just like old times, puking
on our shoes and all.
Charlie
ps You know where I live, jus' down'd'line past kerp, where the
beer is cold and the sheep are afraid.
|
438.15 | Speaking of hang-overs! | POLAR::BAYNE | relax folks, enjoy the show | Thu Aug 01 1991 13:53 | 13 |
| RE:.-.1,-.2
Chuck
When you were talking about hang-overs, I thought you were talking
about the thing that keeps Wally's belt buckle warm.
Wally
ps You know where I live, where the beer is cool, and the sheep were
nervous, but they're in therapy now.
Dog
|