Federal Finance Minister, Jim Flaherty recently announced that while not all election promises will be met with the first budget, the government will "immediately" slash the Goods & Services Tax by 1%.
This decision causes more anxiety than relief. Afterall, how much of a difference will this make on most purchases? If your favourite retail store had a sale claiming to reduce merchandise by 1%, how excited would you be?
Meanwhile, Flaherty has saddled Canadians with the difficult task of mentally calculating how much 14% more will cost in total. 15% tax is so much easier than 14% tax.
For instance, if X cost $20, then with 15% tax, I would calculate:
$20 + $2 (10%) + $1 (5%) = $23 total
Now, with 14% tax, my mind goes:
$20 + $2 (10%) + ...abortabortabort...cell phone calculator is too embarrassing... runawayrunaway!
I predict a drop in the economy by the same percentage of the population that dropped math after Grade 11.
Thursday, March 09, 2006
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment