Income Tax under NDP

[Xtrema]

TLDR, when I did the math last night:

If you make under $200K, NDP saves you $.

If you make $200-$300K, NDP cost you $2000 more than PC.

If you make $300K and up, NPD cost you $3000 more per $100K.

[Chiggles]

Originally posted by birdman86
Except that the corporations means the employees which means everyone regardless of income

Conveniently the platform seems to be unable to load now too.
http://www.albertandp.ca/platform

Google cache is your friend:

Original NDP Platform

Good time to copy & paste or save the page if you want something to hold onto for the sake of accountability comparison down the road.

[phreezee]

For all the rich people bashing, I'm surprised that Calgary Bow voted in the NDP. They must feel charitable.

[codetrap]

.

[Mibz]

Originally posted by Xtrema
TLDR, when I did the math last night:

If you make under $200K, NDP saves you $.

If you make $200-$300K, NDP cost you $2000 more than PC.

If you make $300K and up, NPD cost you $3000 more per $100K.

I'd like to see that math.

[heavyD]

When are they going to introduce a provincial sales tax? Just a matter of time.

[colsankey]

Originally posted by Mibz
I'd like to see that math.

Are you accusing him of doing MARth?

[Aleks]

Originally posted by Mibz
I'd like to see that math.

0-125k = 10% now and before
125k-150k portion = 2% more than before = 25k x .02=$500
150k-200k portion = 3% more than before = 50k x .03=$1500
200k-300k portion = 4% more than before = 100k x .04=$4000

[sputnik]

Originally posted by Aleks




0-125k = 10% now and before
125k-150k portion = 2% more than before = 25k x .02=$500
150k-200k portion = 3% more than before = 50k x .03=$1500
200k-300k portion = 4% more than before = 100k x .04=$4000

You also have to remove the health premium costs that the PCs had proposed.

[Mibz]

Originally posted by Aleks
0-125k = 10% now and before
125k-150k portion = 2% more than before = 25k x .02=$500
150k-200k portion = 3% more than before = 50k x .03=$1500
200k-300k portion = 4% more than before = 100k x .04=$4000

So where is the guy making $199,999 saving money?

Please keep in mind that I have paid next to zero attention to this whole thing. I didn't vote. I know about the progressive tax brackets, but that's why I'm questioning his $200k number.

[Xtrema]

Originally posted by Mibz
So where is the guy making $199,999 saving money?

Please keep in mind that I have paid next to zero attention to this whole thing. I didn't vote. I know about the progressive tax brackets, but that's why I'm questioning his $200k number.

For $199,999

Under PC, it's 1.5% increase for $99,999 and $1000 in health premium:
$1500 + $1000 = $2500


Under NDP, it's 2% increase for $25,000 and 3% increase on $49,999:
$500 + $1500 = $2000


You saved $500 by voting NDP over PC.


The number is even better @ $124,999.

NDP = no increase
PC = $375+(whatever health premium you owe, probably like $800).


Albertans are not totally stupid. But NDP platform has the ability to cherry pick after Prentice released the PC budget.

The only down side here is, all this is pointless if everybody is on the street collecting EI when business leaves.

[Mibz]

Ah, didn't know about the health premium, thanks.

[CapnCrunch]

Originally posted by Sugarphreak
Free Money for everybody!

No consequences!

All thanks to fictitious income from evil corporations!

Lol, hopefully they have more of a plan that, but it's kind of been the NDP's thing. "Take all this free stuff - Let me worry about how to pay for it.

If they can't make their leftopia work in Canada's richest province, then it probably won't work in the rest of Canada.

[mikestypes]

The PC plan was gradual at .5% more per year for 3 years so this year it would have been $500 less under the PC vs NDP and the same overall tax in year 2.

Originally posted by Xtrema


For $199,999

Under PC, it's 1.5% increase for $99,999 and $1000 in health premium:
$1500 + $1000 = $2500


Under NDP, it's 2% increase for $25,000 and 3% increase on $49,999:
$500 + $1500 = $2000


You saved $500 by voting NDP over PC.


The number is even better @ $124,999.

NDP = no increase
PC = $375+(whatever health premium you owe, probably like $800).


Albertans are not totally stupid. But NDP platform has the ability to cherry pick after Prentice released the PC budget.

The only down side here is, all this is pointless if everybody is on the street collecting EI when business leaves.

[403Gemini]

Originally posted by sputnik
It is right in their platform.

The first $125,000 you earn is taxed at 10%
Your earnings between $125k and $150k are taxed at 12%
Your earnings between $150k and $200k are taxed at 13%
Your earnings between $200k and $300k are taxed at 14%
Anything above $300k is taxed at 15%

http://www.albertandp.ca/platform
"The page you were looking for was not found."

Come on guys, NDP is about:

Transparency

edit: I am aware it is cached on google , I don't think the NDP realize that. Just seems odd to remove this from readily available access to the masses (ie, people who hardly know how to use a computer) the day after winning the election

[ImTherious]

Originally posted by CapnCrunch
If they can't make their leftopia work in Canada's richest province, then it probably won't work in the rest of Canada.

The only reason why we are Canada's richest province is because we haven't had the Left do their "work" in our province!

[BandW]

Originally posted by ImTherious


The only reason why we are Canada's richest province is because we haven't had the Left do their "work" in our province!

You're exactly right. Natural resource wealth played absolutely no role.

[Toma]

Fair and balanced analysis by Dragon Kevin Oleary....

http://www.bnn.ca/Video/player.aspx?vid=608442

lol

[max_boost]

Originally posted by Xtrema
TLDR, when I did the math last night:

If you make under $200K, NDP saves you $.

If you make $200-$300K, NDP cost you $2000 more than PC.

If you make $300K and up, NPD cost you $3000 more per $100K.

not bad

[LOLzilla]

Originally posted by Xtrema
TLDR, when I did the math last night:

If you make under $200K, NDP saves you $.

If you make $200-$300K, NDP cost you $2000 more than PC.

If you make $300K and up, NPD cost you $3000 more per $100K.

Sweet. I was pretty shocked when I found out I'd be saving money by voting NDP.