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Writer's Block: I'm the taxman, yeah!  
10:48pm 15/04/2010
 
 
lillith firerain
How do you feel about the existing tax structure where you live? Do you believe individual income tax is the best way to raise funds or are there better alternatives?

Hahaha, I have to answer this with all the HST debates here lately.
Right now, I'm in a pretty low tax bracket, so income tax really doesn't bother me. I don't know if it THE best way to raise funds, but I think that combined with sales tax, it does a pretty good job. Everyone pays at least some tax (GST and PST in BC) but people who earn more pay more taxes. I think it's pretty fair. It does suck when you're just at the dividing line between tax brackets, so that OT bumps you into the higher bracket and you don't actually take home any extra money. But that's not super common.
I don't know what a better alternative would actually be. As far as the Harmonised Sales Tax, people keep suggesting that we just legalise marijuana and tax that. Given the number of people I know who smoke, sounds like it could make quite a bit of money for the government.
 
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