tag:blogger.com,1999:blog-145667166780199481.post2368445188092012269..comments2023-03-16T07:38:24.675-07:00Comments on economicus ridiculous: Tweeting the HSTChrystal Oceanhttp://www.blogger.com/profile/00171002438761303983noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-145667166780199481.post-10814640286744729732010-06-06T08:20:09.574-07:002010-06-06T08:20:09.574-07:00Robert, the math does add up. The HST credit from ...Robert, the math <b>does</b> add up. The HST credit from the province is <i>in addition to</i> the GST credit from Ottawa.<br /><br />The anti-HST side isn't telling the truth in terms of the impact of the HST on BC's lowest income households. We <a href="http://hst.blog.gov.bc.ca/2010/03/27/rebates-exemptions/" rel="nofollow">benefit</a>, not just because of the increased credit from theChrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-8709532861112988442010-06-05T22:32:53.038-07:002010-06-05T22:32:53.038-07:00The rebate math doesn't add up. The current BC...The rebate math doesn't add up. The current BC PST rebate for low income individuals is $75 per year in relation to a 7% PST tax. The GST rebate on a 5% tax is on average $280 per year for a low income individual. If the BC government paid a rebate in proportion to the amount GST rebated it would be $392 per year including the $75 per year. Apparently, the $230 alone falls far short of what Anonymoushttps://www.blogger.com/profile/08004038064671987530noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-89109184474933398522010-04-09T14:36:26.454-07:002010-04-09T14:36:26.454-07:00Olive said: Increase the HST on goods and decrease...Olive said: Increase the HST on goods and decrease it on services. <br /><br />Makes sense.Chrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-35057971888932728382010-04-09T14:27:12.583-07:002010-04-09T14:27:12.583-07:00Nice discussion. I am not opposed to a HST as long...Nice discussion. I am not opposed to a HST as long as the regressivity that comes from taxing consumption is evened out by rebates, as Chrystal says they will. I am not happy with the taxation of services. Reduction of good consumption is absolutely necessary to ward of climate catastrophe, and when you reduce the amount of goods consumed, you have to increase human capital to compensate, for olive ridleyhttps://www.blogger.com/profile/09075983230355408381noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-59235090634689902752010-04-07T16:43:16.943-07:002010-04-07T16:43:16.943-07:00First, Chad, I never argued that the HST would pro...First, Chad, I never argued that the HST would provide more revenue than the PST or that it would provide more money for services. I am making the larger, philosophical point, that consumption taxes like the HST are better than taxes on income. What government x, y or z does with those taxes is a separate issue.<br /><br />Second, I dispute that the HST will actually provide less revenue than theChrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-4450937020391180422010-04-07T16:16:03.131-07:002010-04-07T16:16:03.131-07:00What about the fact that the HST will actually pro...What about the fact that the HST will actually provide less revenue then the PST?<br /><br />That fact blows your argument out of the water. It doesn't provide more money for services.Chad Moatshttps://www.blogger.com/profile/02341889008104350629noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-12081037481242571842010-04-07T09:38:01.149-07:002010-04-07T09:38:01.149-07:00CF, that's my understanding. The HST is to sta...CF, that's my understanding. The HST is to start July 1st. Therefore, we should expect our July 1st carbon-GST credit to be boosted by $57.50.Chrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-45101465477860117722010-04-07T09:28:29.441-07:002010-04-07T09:28:29.441-07:00And will we start seeing this credit on our GST ch...And will we start seeing this credit on our GST cheques starting in July, based upon 2009's tax return? Hmmm...This works out to $57.50 extra per quarter...And will we still get the carbon tax credit, too?Allysonhttps://www.blogger.com/profile/08232708063742867319noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-17255772033703269542010-04-07T09:20:21.084-07:002010-04-07T09:20:21.084-07:00WC, here's the info from the BC Government web...WC, here's the <a href="http://www.gov.bc.ca/hst/benefits_consumers.html" rel="nofollow">info</a> from the BC Government website:<br /><br />"Low income families and individuals will receive a B.C. HST Credit of $230 for individuals with income up to $20,000 and $230 per family member for families with incomes up to $25,000, paid quarterly with the GST credit."<br /><br />So that $Chrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-53628102407020046152010-04-07T09:03:53.658-07:002010-04-07T09:03:53.658-07:00Ian, my arguments apply to whether or not a HST is...Ian, my arguments apply to whether or not a HST is a good idea, not about how much it should be, whether corporations get tax breaks, etc. The latter I prefer to separate as an issue. Of the former, the BC Greens, e.g., agreed with a HST in principle, but not with the 12% rate; they argued instead that it should be 10%, in order to offset pricing adjustments.<br /><br />Without doubt, the HST Chrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-40187638732682959182010-04-06T21:55:08.127-07:002010-04-06T21:55:08.127-07:00But what of all the added corporate tax cuts Chrys...But what of all the added corporate tax cuts Chrystal? While I may have no opposition to the HST in principle, the implementation that raises no extra money for government services seems painful and unnecessary. It also reduces BCs tax sovereignty to decide which items are subject to PST without Ottawa's approval.Ianhttps://www.blogger.com/profile/08107622422843170178noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-30802828008106615812010-04-06T20:17:16.167-07:002010-04-06T20:17:16.167-07:00How much is the HST rebate going to be?How much is the HST rebate going to be?Wandering Coyotehttps://www.blogger.com/profile/01478039463695542535noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-25584873106629601832010-04-06T19:18:32.869-07:002010-04-06T19:18:32.869-07:00The HST rebate more than covers the added costs, s...The HST rebate more than covers the added costs, such as for electricity, to low-income earners. It far exceeds in percent what people in the lowest decile category get now from the current GST quarterly rebates and the $75 annual PST credit.Chrystal Oceanhttps://www.blogger.com/profile/00171002438761303983noreply@blogger.comtag:blogger.com,1999:blog-145667166780199481.post-64938824103539766812010-04-06T18:57:17.755-07:002010-04-06T18:57:17.755-07:00I'll have to respectfully disagree with you on...I'll have to respectfully disagree with you on this one Chrystal.<br /><br /> This is a regressive tax that changes the burden of taxation disproportionately from the corporate sector (which is taxed on profit)to the consumer(who is taxed on total income).<br /><br /> You will pay higher taxes on electricity (as well as the 9% rate hike), internet and other things that will affect the poor Kimhttps://www.blogger.com/profile/15049617811090781174noreply@blogger.com