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By A Smith (anonymous) | Posted February 23, 2009 at 10:01:13
Grassroots, average people should start demanding that the government increase the personal exemption to 35k and also get rid of the GST and PST. As it stands today, someone earning 15k in Ontario pays about $1,100 in income tax. If you make 25k you pay about $3,200. If you earn 35k, you pay a whopping $5,300. Don't forget about the 13% tax on most purchases with whatever money you have left over.
In Denmark, people earning 35k only pay around $2,000 in income tax, and it rates as the happiest place on earth. By allowing lower income people to keep and spend more of their income, you help business, because poor people spend more, this increases jobs, profits and the ultimately the bonuses of CEO's. A win-win for everyone involved.
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