Quote:
Originally Posted by Me&You
But in the meantime, Calgary's property taxes are very affordable.
Perhaps a tax increase on properties over a certain value... 2% wouldn't be noticed by many in the $500k and up homes. This of course assumes the city could actually keep this part of the property taxes.
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I don't see marginal taxes on one's home being a fair deal. There are already many seniors with older homes that are now very valuable due to land. The nature of a percentage tax is that it is more for high value property already.
Marginal taxes on income, on the other hand, are alright in my books, as clearly it is gravy after a certain income level. Perhaps it can be considered provincially. 10% remains till $100K, 11% from $100K-$200K, 12% from 200K and up. From the entire pot, give 0.5% or so to the cities and towns proportional to population.
Frankly speaking, I wish the Feds would have not decreased the GST and instead transferred one percent to cities and kept 6% themselves. It would have been better federally and for cities. It was a real opportunity missed. The entire debt and deficit picture that we've been enduring federally would have been completely different, had the politically motivated move not been made.