Quote:
Originally Posted by Full Mountain
Unfortunately none of the new revenue is specifically designated for anything, including the new health levy.
Also why does the tax rate on the >250k bracket drop back to 11.5% from 12%? Why not leave it at 12%?
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Provincial taxes have never worked like that. It doesn't really matter.
All income taxes, cigarette & alcohol taxes, and the levy will still not even cover the entire health budget. So why does it matter whether it goes into a mythical account to only go to health or not?
As for the gas tax, the province collects less in gas tax than it spends on Green Trip, MSI, BMTG, maintenance for provincial highways, and provincial capital projects.
So why does it matter?
Our taxes haven't covered our basic expenses for years and still don't. To expect flow through increases is a bit much.