Tax hike!? G’dammit!
Okay, at first when I heard the news that this tax hike was coming I was really miffed. Voltron McGuinty (aka: Dalton) hasn’t be an exemplary leader for the province. Then I looked into it and it’s really not all that bad. Yes, it sucks for any additional money to come off your pay cheque, but to fix what the PCs have been breaking; our health care system, it takes money and it has to come from somewhere. So, here’s the breakdown:
| Proposed Premium | ||
|---|---|---|
| Taxable Income | 2004 Taxation Year | 2005 and Subsequent
Tax Years |
| up to $20,000 | No premium | No premium |
| $20,000 – $36,000 | $150 | $300 |
| $36,000 – $48,000 | $225 | $450 |
| $48,000 – $72,000 | $300 | $600 |
| $72,000 – $200,000 | $375 | $750 |
| more than $200,000 | $450 | $900 |
So that’s how much it’s going to cost, which is what I cared about at first, but then I read what they were going to be doing with that money and it kinda made some sense to me. Read the report.
I can however say, I don’t like the fact that they’re removing optical exams from OHIP coverage. Hopefully they’ll be giving them IHOP coverage though.
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