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Interesting Read - Provincial Tax Rates

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1 Interesting Read - Provincial Tax Rates on Thu Apr 19, 2012 7:01 pm

Outsider

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2 Re: Interesting Read - Provincial Tax Rates on Thu Apr 19, 2012 7:45 pm

Hollywood

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Only Quebec taxes middle incomes higher than Manitoba. That is bad for Manitoba. See,s like the PCs should have made use of that information when they campaigned last time.


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3 Re: Interesting Read - Provincial Tax Rates on Thu Apr 19, 2012 7:52 pm

Deank

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why? the people that vote ndp dont seem to care and the people who dont vote dont seem to care eother


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4 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 8:38 am

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That's because the party system in this country is broken. I want a party that understands that there needs to be a balance of Fiscal Conservatism and Social welfare. Unfortunately no such creature exists you have the Conservatives who really aren't conservatives. They have some good ideas, and some less than good ideas. You have the Liberals who to me lack the political intestinal fortitude to do anything other than sit in the corner and b1tch about the Conservatives. The NDP want to Hug everyone and burp our babies, and come up with ideas that are completely in the face of logic (BiPoleIII) regardless of cost.

The whole situation in Ottawa could have been avoided had they left the GST at 7%. If the feds were truly serious about saving money without impacting service levels. Put the GST back to 7% and stop giving GST Cheques out. Once the books are balanced then consider a rollback.

In the end it will never happen because Canadians can't look past their wallet when they vote.

5 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 9:02 am

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Stonekiller wrote:That's because the party system in this country is broken. I want a party that understands that there needs to be a balance of Fiscal Conservatism and Social welfare. Unfortunately no such creature exists you have the Conservatives who really aren't conservatives. They have some good ideas, and some less than good ideas. You have the Liberals who to me lack the political intestinal fortitude to do anything other than sit in the corner and b1tch about the Conservatives. The NDP want to Hug everyone and burp our babies, and come up with ideas that are completely in the face of logic (BiPoleIII) regardless of cost.

The whole situation in Ottawa could have been avoided had they left the GST at 7%. If the feds were truly serious about saving money without impacting service levels. Put the GST back to 7% and stop giving GST Cheques out. Once the books are balanced then consider a rollback.

In the end it will never happen because Canadians can't look past their wallet when they vote.
When you get right down to it, the politicians are all the same.
And it does not matter what stripe (Political Party) they are.
Unless I missed it, I have not heard of one politician taking a lesser salary or a smaller pension or less travel expenses to help balance the books.
If I am incorrect, please send me a link of said politician doing any of the above.

6 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 9:16 am

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umm.. MB is doing that. (although at a much lower rate then they were supposed to)

Alberta has done it

It was all part of the balanced budget legislation introduced in the 1990s.

Here is a paper someone wrote about it

http://www.cpsa-acsp.ca/papers-2011/Wesley-Simpson.pdf


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7 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 9:59 am

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While I agree lowering MP/MMP salaries and pensions looks good we must be careful of what we ask for.

Let's ignore for a moment the professional lifetime politicos. We need to make sure that the sacrifices someone might make to leave their day job does not hurt them in the long run.

We need to attract competent, quality people to run. If a lawyer or doctor or accountant were to run they would likely be taking a pay cut. They would also be interrupting their workplace pension.

Not sure why one would do that if at the end of the day they lose income for 4 or more years, but also hurt their pension earnings due to an interruption.

At the end of the day MP/MMP salaries and pensions are a mere drop in the bucket. Lets look for bigger, more impactful changes. Like losing the senate...


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8 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 10:02 am

Deank

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"Not sure why one would do that if at the end of the day they lose income
for 4 or more years, but also hurt their pension earnings due to an
interruption."

Because after a very small number of years in the Leg they get an insanely good pension....?


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9 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 10:11 am

grumpy old man

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Then revisit the pension value...

Let's just be careful we don't cut off our nose to spite our face.


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Yes, I really am that Grumpy...

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10 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 10:23 am

Deank

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Do you honestly think we could get less qualified people then we have running the asylum?

seriously.


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11 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 11:45 am

justmythoughts

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Have any studies been done showing the costs savings of amalgamating the school divisions into 1 or 2 large divisions?

Now chance the NDP would ever do it..... but the numbers could be of use should Pallister become the leader that will make us forget about Murray and Mcfayden.

12 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 11:53 am

Deank

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Oh there will be more mergers.. JUST before the next election (or as part of the next election based on there stats showing how well amalgamating the RHAs went)


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13 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 11:56 am

sputnik

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Good old Winnipeg Sun reporting.

Wonder what Manitoba provincial tax rates would be if we had massive oil/gas/potash revenues like AB and SK.

14 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 12:04 pm

justmythoughts

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sputnik wrote:Good old Winnipeg Sun reporting.

Wonder what Manitoba provincial tax rates would be if we had massive oil/gas/potash revenues like AB and SK.

I wonder what they would be if we aggressively exploited our Hydro resources and didn't plan on spending an extra billion on bipole 3.

15 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 12:17 pm

Deank

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Its crazy.. we are making hydro and selling it for less then it costs us.

We should be BEGGING industry to come here and give them that hydro to power there stuff.

Heck.. We should be using our hyrdro and build oil processing plants and using our super cheap electricity to power the plants.

dear lord we would be the richest province around if we were smart enough to do that.


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16 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 12:29 pm

sputnik

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Deank wrote:Its crazy.. we are making hydro and selling it for less then it costs us.

We should be BEGGING industry to come here and give them that hydro to power there stuff.

Heck.. We should be using our hyrdro and build oil processing plants and using our super cheap electricity to power the plants.

dear lord we would be the richest province around if we were smart enough to do that.

Hydro isn't really worth that much money. Infrastructure costs billions to develop, the market price of hydro is low and you have limitations as to how far you can transport it.

Hydro is nothing compared to oil/gas/potash.

Why would we be able to sell hydro to power refineries when oil and gas companies are happy enough to burn natural gas locally to generate power.

17 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 1:37 pm

Deank

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"
Why would we be able to sell hydro to power refineries when oil and
gas companies are happy enough to burn natural gas locally to generate
power."

except they are not (hence the reason why they want to build a nuke in northern alberta) AND because its greener


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18 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 1:53 pm

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Deank wrote:except they are not (hence the reason why they want to build a nuke in northern alberta) AND because its greener

That information goes back to when natural gas was between $6-8/GJ. Now that it has dropped to below $2/GJ with the introduction of hydraulic fracturing things have changed.

I would be very surprised to see if nuclear power was brought to Alberta inside the next 20 years.

19 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 2:36 pm

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sputnik wrote:Good old Winnipeg Sun reporting.
At least the Sun is reporting it. And it is the smaller paper.
The real question is:

"Why doesn't the F.P. report it?"

Don't they have the same sources of information?

20 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 2:42 pm

sputnik

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Outsider wrote:
sputnik wrote:Good old Winnipeg Sun reporting.
At least the Sun is reporting it. And it is the smaller paper.
The real question is:

"Why doesn't the F.P. report it?"

Don't they have the same sources of information?

First of. The article is a Tom Brodbeck rant.

Second. It isn't news. The income tax rates are lower in AB/SK because they have massive resource revenues and MB does not. It has nothing to do with which party is in power.

21 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 2:42 pm

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Deank wrote:Its crazy.. we are making hydro and selling it for less then it costs us.
If we have to sell Hydro power at a loss then

Why the heck are we building more power dams and power plants?

Why are we building Bi-Pole 3?

22 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 2:44 pm

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sputnik wrote:
Outsider wrote:
sputnik wrote:Good old Winnipeg Sun reporting.
At least the Sun is reporting it. And it is the smaller paper.
The real question is:

"Why doesn't the F.P. report it?"

Don't they have the same sources of information?

First of. The article is a Tom Brodbeck rant.

Second. It isn't news. The income tax rates are lower in AB/SK because they have massive resource revenues and MB does not. It has nothing to do with which party is in power.
Still does not answer the question:

"Why doesn't the F.P. print the same information?"

(I like Tom most of the time. At least he tries to wake Manitobans up to what is really happening)

23 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 2:50 pm

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Outsider wrote:
Still does not answer the question:

"Why doesn't the F.P. print the same information?"

(I like Tom most of the time. At least he tries to wake Manitobans up to what is really happening)

What should the FP report? Everyone knows that Manitobans pay higher taxes.

How exactly is Tom "waking people up"? What should Manitobans be doing about the issue of higher taxes?

If AB/SK didn't have the resource revenues that they do, they would be paying comparable taxes.

This is nothing new.

24 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 2:58 pm

grumpy old man

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Not sure how peeps can't grasp the cash-cow nature of oil reserves and what it means to Sask and Alberta (and North Dakota and...).

The revenues they enjoy offsets much of the costs of running those provinces & states. That results in significantly reduced taxes.

Counter the socialist bent of Manitoba government with those other governments and it results in HUGE taxes.

Manitoba Hydro does produce income for the province but it is a mere pittance compared to gas and oil revenues. Today's NDP has been stripping more & more money from Hydro's cash reserves for years now. It can't continue.

Add in the stupid spending (Bipole III) and it is a lost cause.

Don't expect Manitoba Hydro to be our cash cow any time soon.


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25 Re: Interesting Read - Provincial Tax Rates on Fri Apr 20, 2012 3:09 pm

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If you use generous rate of $80/MWh and consider that Manitoba Hydro can generate at most 4500 MWh across ALL of the dams and steam plants the most that Manitoba will make in gross revenue is around $3.1 billion.

That is before expenses.

Not exactly a cash cow for the province once all of the bills are paid even if it is running at max efficiency.

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