Thursday, March 13, 2008

Hazelnut's First Thursday Thirteen

It's that time of year when "The Taxman Cometh!" I've been reading an excellent book called "The 10 Secrets Revenue Canada Doesn't Want You To Know!" by David M. Voth and he includes a looooooooooooong list of taxes that we pay everyday that adds up to in excess of 50% of our annual income. Scary!
Here are 13 of them:

1. Federal Income and estate taxes. I'll also add in Provincial Income taxes to #1 as we can't pay one without the other.
2. Payroll taxes (I can't bear to look at my paycheques!)
3. G.S.T. The Goods and Services Tax that is added onto almost everything we buy or use in addition to #4. (Fondly thought of as the Goldarn Stupid Tax by this nut!) Our government never stops reminding us that it has reduced this tax from 7% to 5% over the past 2 years. Big whoop.
4. Provincial sales tax - which varies from province to province. If you are lucky enough to live in Alberta, home of the huge oil sands, then your provincial sales tax is zip, but here in Ontario you pay 8% more than that.
5. Real Estate property tax
6. Personal property taxes
7. School taxes - who said public education was free?
8. Business taxes - if you can afford to have a business.
9. Gasoline taxes - a very popular tax to pay these days. (1/3 of the total cost of the gas)
10. Import duty taxes.
11. Sin taxes: what we pay if we indulge in alcohol (duh) or ciggies.
12. Travel taxes - they get you coming or going on this one.
13. Excise taxes.

There are more on the list but aren't you depressed enough already?


Di said... isn't free...nothing is REALLY free!

Chris said...

Bah, depressing list and I don't even live in Canada. Happy TT!

Anonymous said...

Okay that's too much info. Now I'm depressed about the many directions money really goes. I knew that it went in many ways, but to actually see it divided is sickening. Happy TT

Bottles Barbies & Boys said...

My tax issues give me the need to take some serious drugs, way before reading your list!

Lori said...

I hate paying taxes!! Thanks for the info and for stopping by. Great list. Happy TT:)

Nicholas said...

No one likes paying taxes but everyone has to contribute to the upkeep of the nation.