Har Per
Posted by: Quigley in Useless 'n Shit
Sunday, May 6th 2007 at 3:11am
I prepared Deanna's taxes this year, and noticed something interesting. Last year she was forced to claim all but $500 of her scholarship as income on her tax return. This year it was not even required that she report it at all. This made a $3,000 difference to her taxable income for the year. Since the deduction for tuition is transferable to a parent or spouse, this advantage could, if used effectively (and it was), amount to a savings of more than $1,000 at tax time (depending on numerous factors) for the family of a student in her position. This was a change introduced in the last year, by our current federal government. You remember, the one who hates students and wants them all to die in the streets of starvation?
Lefties, this is your cue to mutter something under your breath, come up with no worthy counterpoints, and then ignore this piece of information because it doesn't fit with your dogmatic view of a Conservative government.
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SmrtySsa Wrote...
Sunday, May 6th 2007 at 11:08am
It was the result of a minority and them being forced to actually uphold a few of their promises.
This is only one of a few new tax 'breaks' that showed up. Of course if you go down the big ol' list of breaks (i refuse to call them cuts) very few will apply to the same individual.
In fact, none of them helped me. so they suck :P
Quigley Wrote...
Monday, May 7th 2007 at 2:01am
If we're going to talk about upholding campaign promises, we should look into Chretien's track record. That should prove for some entertaining reading.
As for multiple breaks (not sure why we can't call them 'cuts', but I don't particularly need to either), of course it would be better if there had been other brand new tax breaks that also applied to Deanna, but the fact that there was only one is hardly reason to complain. It made a huge difference.
I don't know what other ones there were, but this one doesn't apply to you because you're not a student.
My point was not to suggest that the Harper government has destroyed the barrier between young people and education, or that their tax plan is the ultimate salvation of Canada. I simply think that someone should point these things out. God knows the media isn't going to do it.
People love to hear Liberals talk about helping out the poor, downtrodden students. It gets them votes. Then they stop talking, and the action never comes. I don't recall this being a major campaign point of the Harper's, and yet here is the actual result, something we haven't really seen much of in... well, more than a decade.
SmrtySsa Wrote...
Monday, May 7th 2007 at 9:15am
A tax cut would mean you never paid the taxes to begin with. A break is something that only applies to those intelligent enough to a) use someone who's intelligent enough to know about them, or b) intelligent enough to know about them and apply them themselves.
Quigley Wrote...
Monday, May 7th 2007 at 11:44am
I see what you're saying, yes...
... but in the case of this tax break, I can't agree with you. The result of the new legislation is that you no longer need to report certain kinds of income. Therefore, anyone, including people dumb enough to skip over that box because they weren't paying attention in the first place, should be able to take advantage of it.
Perhaps there are other tax breaks that are more complex; I don't know about them. Either way, the issue of the intelligence required to do it right is, I think, more an issue with our entire tax system than with any specific refinements made to it by any particular Liberal or Conservative governments. The whole thing is just a damn mess.
And what if the Conservatives decided to strip away the inefficient, unnecessary complexities you're referring to in favour of a sleek, simple system that could save countless millions annually for all of us (not that I anticipate they will)? I'd bet we'd all rail on them for firing thousands and thousands of civil servants who should never have been hired to do their pointless, expensive, make-work jobs in the first place. And the fact that your current complaint about the intelligence required to prepare this stuff had been addressed, well... that would have to take a back seat, I'm guessing.
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Anesthetic Wrote...
Sunday, May 6th 2007 at 9:13am
Just to undermine your challenge, I will. Later. Not now. Or now as in later.