Connect with us
[the_ad id="89560"]

Uncategorized

Tax Freedom Day – Canadian families face larger tax burden than last year

Published

4 minute read

From the Fraser Institute

By Grady Munro and Jake Fuss

According to a recent poll, nearly half of all Canadians are living paycheque to paycheque. While inflation has cooled and the steep growth in grocery prices has abated, taxes remain the single largest expense for Canadian families, and their tax bill continues to rise.

Canadians pay many different taxes and it can be hard to know how much you pay in total. We pay income taxes, sales taxes, health taxes, payroll taxes, property taxes and many others as part of our total tax bill. But while some of these taxes are visible—for example, you can check your income tax return to see how much you pay in personal income taxes—many others are hidden.

To help Canadians understand how much they pay in taxes, each year the Fraser Institute calculates Tax Freedom Day—the day of the year when the average Canadian family has earned enough money to pay all taxes levied by the federal, provincial and local governments. In other words, if Canadians were required to pay all their taxes up front, each and every dollar they earned prior to Tax Freedom Day would be paid to the government.

In 2024, the average Canadian family (two or more people) earning $147,570 will pay an estimated $65,766 in total taxes—or 44.6 per cent of its income. So, if you paid all your taxes for 2024 up front, you would pay the government every dollar you earned until June 13. After working the first 164 days of the year for the government, you now get to work for yourself.

Arriving on June 13, this year’s Tax Freedom Day comes one day later than last year—meaning the average Canadian family must work one day extra to pay off its total tax bill—because while the average family saw its income rise by 3.1 per cent, its total tax bill rose by 3.9 per cent.

And all signs point to rising taxes in the future.

This year the federal government expects to run a $39.8 billion deficit. Moreover, cumulative provincial deficits are projected to equal $30.1 billion, meaning total federal/provincial government debt is expected to increase by $69.9 billion in 2024/25. Future generations of Canadians will undoubtedly face tax increases to pay off this debt and few governments are demonstrating any fiscal restraint. Several governments (notably the federal government) have no plans to balance their budgets in the foreseeable future.

To help illustrate the size of the debt burden we’re passing on, we also calculate a Balanced Budget Tax Freedom Day, which reveals the hypothetical tax burden on Canadians if governments across the country had to raise taxes today to balance their budgets. This year, Balanced Budget Tax Freedom Day would arrive on June 23—10 days later than Tax Freedom Day.

With Tax Freedom Day falling one day later than last year, the burden of taxation is increasing for Canadian families. Unfortunately, governments are demonstrating little to no fiscal restraint, meaning Tax Freedom Day will likely arrive later in years to come.

Before Post

Todayville is a digital media and technology company. We profile unique stories and events in our community. Register and promote your community event for free.

Follow Author

Uncategorized

Firm tied to voter registration ‘scheme’ goes dark

Published on

From left, Lancaster County Commissioner Alice Yoder, Lancaster County District Attorney Heather Adams, Commissioners Ray D’Agostino and Josh Parsons. The officials held a press conference on Friday, Oct. 25, 2024, to discuss voter registration fraud detected in the county.

From The Center Square

By 

Everybody Votes runs an office in Lancaster County, where election workers recently found suspicious registration forms among a batch of 2,500 applications delivered last week. Investigators there said at least 60% of those reviewed were fraudulent.

The media and consulting firm linked to fraudulent voter registration forms in Pennsylvania earlier this week has gone dark as of Saturday.

Field and Media Corps – the website and social media accounts of which are now defunct – is an Arizona-based company that contracts with Everybody Votes to run a canvassing operation in Pennsylvania and other states that target low-income minority residents unregistered to vote.

The Monroe County District Attorney’s Office confirmed Wednesday that 30 registration forms contained fraudulent information, including an application submitted on behalf of a dead resident.

Everybody Votes runs an office in Lancaster County, where election workers recently found suspicious registration forms among a batch of 2,500 applications delivered last week. Investigators there said at least 60% of those reviewed were fraudulent. So far, the campaign has not been tied directly to the investigation.

Not so in nearby York County, where law enforcement continues reviewing another delivery from the operation leading up to the Oct. 22 deadline to register.

On Wednesday, the America First Policy Institute, a conservative-leaning research nonprofit,  demanded a federal investigation into the company.

“Where there’s fire, there’s fire,” said Hogan Gidley, vice chairman of the institute’s Center for Election Integrity. “Thousands of instances of reported voter registration fraud have now been confirmed throughout Pennsylvania.”

He described Field and Media Corps, established in 2017, as a “high-powered left-wing organization” that may have launched similar “schemes” across the country that require state-level investigations.

“Submitting fraudulent registrations right at the voter deadline to overwhelm election officials is exactly the kind of scheme that the Department of Justice should be using their force and resources to stop,” he said.

Evidence also exists that Everybody Votes is linked to a left-wing super political action committee intent on expanding registration numbers for Democrats in battleground states.

According to public tax records shared with The Center Square, The Voter Registration Project, also known as Everybody Votes, describes itself as a public charity that helps low-income minority citizens register to vote and provides technical assistance to voter registration drives.

The organization reported $45.8 million in total revenues in 2022, a “substantial portion of which comes from a governmental unit or the general public.”

A 2023 report from Capital Research Center, a conservative nonprofit, says left-wing donors together raised $190 million for the campaign to register 5.1 million voters across the country – all in violation of federal law that bars 501(c)(3) from engaging in such activity.

The strategy, detailed in a 2019 leaked memo from Mind the Gap, the liberal super PAC in question, entices investors by promising a more cost-effective strategy to boost vote counts for Democrats – namely through voter registration drives.

The group pointed to its direct role in flipping the U.S. House blue in 2018 as “proof of concept.”

Detailed further in the report are signed tax forms from donors that link their grants to the Voter Registration Project in direct support of Mind the Gap. The Capital Research Center estimates President Joe Biden collected between 1 million and 2.7 million swing state votes in the 2020 election as a result.

Biden defeated then-incumbent President Donald Trump 306-232 in electoral college votes; the popular vote was Biden 81.2 million to 74.2 million.

Francisco Heredia, who runs Field and Media Corps, told Votebeat earlier this week he’d not heard from county officials in Pennsylvania, but would cooperate with the investigation. He said the company trains workers how to legally complete registration forms and has no tolerance for fraud.

Continue Reading

Uncategorized

UK Government And Media Spread Disinformation About Southport Killer, Evidence Suggests

Published on

Britain’s Prime Minister Keir Starmer answers questions during a press conference following clashes after the Southport stabbing on August 1, 2024. (Photo by HENRY NICHOLLS/AFP via Getty Images)

This is a preview of a breaking story.  Click below for the full report

UK police now say that the alleged killer possessed an al-Qaeda training manual and a deadly biological toxin

The riots in England this summer were motivated by far-right Islamophobia and driven by disinformation online, argued the UK media and government at the time. In July and August, social media posts claimed that a Muslim migrant was responsible for a mass stabbing in the seaside town of Southport. Those claims were false, according to officials and fact-checkers.

The riots began after a 17-year-old named Axel Rudakubana allegedly stabbed to death three young girls at a Taylor Swift-themed dance workshop. Rudakubana was born in the UK and raised Christian, the media reported. The rioters, said Prime Minister Keir Starmer, were “far-right thugs” seeking to exploit the tragedy and “target people because of the color of their skin.”

But it now appears that the UK government may have deliberately spread disinformation and used it to justify censorship and repression. Police yesterday issued new charges under the Terrorism Act against Rudakubana, now 18, for allegedly producing ricin, a biological toxin, and possessing an al-Qaeda training manual titled “Military Studies in the Jihad Against the Tyrants.” Since police arrested Rudakubana at the scene of the stabbings, it’s likely they searched his home shortly after, and thus may have discovered the ricin and manual within hours of the attack.

Ricin is a protein toxin derived from the castor bean plant and has no known antidotes. The terrorism charges identify the al-Qaeda training manual as “of a kind likely to be useful to a person committing or preparing an act of terrorism.” Although the police stated that the case is not yet classified as a “terrorist incident,” these new charges suggest that radical Islamism motivated the attack, contradicting authorities’ previous narrative.

“It is not plausible for the police, Home Secretary, Prime Minister not to have known about the suspect’s background until this week,” said conservative Member of Parliament and former Home Secretary, Dame Priti Patel, in a statement to The Telegraph. “This detail would have materialized within 2-3 days of such a devastating and serious incident with the entire security apparatus focusing on finding answers to key questions.

Mourners gather for the funeral of a nine-year-old victim of a knife attack in Southport on August 11, 2024 (left); Axel Rudakubana, Southport stabbing suspect (center); Britain’s Prime Minister Keir Starmer at 10 Downing Street on August 1, 2024 (right). [Getty Images and Liverpool Crown Court drawing]…

Continue reading this post for free in the Substack app

Claim my free post

Continue Reading

Trending

X