Thursday, April 12, 2007

 

Personal taxes pigeon holed while corporate taxes are flat

Why is it there is a two in fact a three tiered tax system for the people of canada but the companies in canada all pay a flat tax?

It seems to me that companies like individuals should be taxed according to brackets.

Or better still taxes should be on a percentage basis. So the more money you make the more you pay on a percentage basis.

This type of tax system would be fairer and eliminate the hugh tax loop hole for the biggest earners in the corporate world. It would also eliminate catagorizing our population and the possibility of those with the ways and means to hide their income so that they end up in a lower arbitrary tax bracket.
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