2008-12-31
Top 100 things that went wrong in 2008
2008-12-29
WMTC Loses Credibility
2008-12-21
Will This Affect The Price of Beer?
Chris Rock VS. Ricky Gervais... Chris Rock Wins
Eastern Russians Revolt Against Auto Industry Rescue, So Should Atantic Canadians!
2008-12-20
Home Capital Gains Could Reduce Tax Fraud
May Have Helped Cause Housing Bubble", brought to my attention one of
the primary benifits of a residential capital gains tax: keeping
people honest.
Vast amounts of tax dollars are missed by people paying contractors
cash, not paying the Goods and Services Tax and, presumably, having
contractors under declare their revenu for income tax purposes.
By allowing people to deduct the cost of home renovations from an
eventual capital gains, there would be a very big incentive for people
to ask for a receipt.
A capital gains tax on homes isn't perfect. For example, do you allow
deductions for property tax? Doing so would favor Ontarians who have
high property taxes that pay for things like health care and
wellfare. On the other hand, not taxing capital gains on homes favours
urban home owners at the expense of rural and small city home owners
who are selling their homes at a loss to move to large centres to find
work.
The residential capital gains tax exemption also encourages the buying
of large lots (the most lkely to net a profit over time; homes require
expensive maintenance, much less so for land ) using up precious urban
land that could be used to build more homes.
Homelessness and urban poverty are caused by low revenu, no doubt, but
they are also caused by a high cost of housing. If the rich spent
there money on expensive appartments and luxury townhouses (row
houses) instead of Mcmansions, there would be more land avaliable for
everybody else.
If the rich invested their money in companies that do research and
development, instead of large tax exempt properties, the economy as a
whole would benefit. Cities would be more affordable and compact, we
would therefor use less fuel to get around them.
Envoyé depuis mon iPhone / Sent from my iPhone.
2008-12-19
The Auto Industry Only Bemefits Ontario
now tax dollars, collected in part from massive duty on European and
Asian cars, will be directed at Ontario manufactures!
Enough! What have Magna, GMC and Ford done for non-Ontario Canada?
Nothing? They have been taking our money and all we have to show for
it is crappy cars.
Let Ontarians go back to farming if they have to, but don't give them
my money.
Envoyé depuis mon iPhone / Sent from my iPhone.