Monday, March 28, 2011

Harper's Family Tax Plan Only Goes Into Effect After You're Dead

Harper announced a family tax plan today, but he said that he will first have to pay for the F-35s, the prison expansion and his corporate tax cuts. Then he'll worry about your family. But the good news is, he plans to put more of your children in jail, so you won't have to worry about feeding them. Do you think that's what he meant by savings for families?
... the Family Tax Cut plan announced by Mr. Harper Monday in Saanich, B.C. wouldn’t come into effect until the federal budget is balanced, which could be years from now. Like pension splitting before it, splitting earned or other income for tax purposes would benefit only some families and be no help at all to singles, including single parents. To get the full benefit, even qualifying families would have to have a large income disparity between the higher and lower wage earners. Even then, a maximum of $50,000 of household income would be splittable for tax purposes.
Can't wait until tomorrow when he announces a childcare plan that goes into affect when they're old enough to take care of their aging parents.


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