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Dark Knight / Le Chevalier Noir
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I'm willing to go to school on this, but I don't think I'm wrong.
I realize that the 75% of the donation is returned as a tax credit, not a " refund ".
But if I normally would owe $ 100 of tax, then on an $ 80 donation, do I not get a tax credit of $ 60, to set off against the $ 100 I owe. Thus I only pay $ 40 tax, and I get in effect $ 60 of my political donation back.
The 75% is not a deduction from taxable income, which I think is what you were saying.
Am I still off-base here? I really wish Gary could think outside the box on this one, if I'm right. Of course, if he has no tax to pay, then I guess it doesn't work for him. I'll have to make the $80 donation myself, with the effective $ 20 cost being paid by my winnings from our bet!
Sorry I missed that - but the effect is the same - the tax otherwise owing is reduced by the amount of the deduction of $ 60. So it only costs me in effect $ 20 to contribute $80, so long as I do have tax against which to apply the deduction.
I'd like your chances better if you'd have bet the NDP would win the next Ontario election rather than getting stuck with them in the federal election.
I'm not sure about the chances for the NDP becoming the Ontario provincial government in the next provincial election. I think the odds are lower than for the NDP federally. Ontario is not a hotbed of NDP activity as far as I can see - but I do think Horvath is doing a good job.
The NDP should get the union vote the liberals lost. Also a lot of liberals who are worried about losing jobs and wasteful spending. Also a bigger share of the female vote. The Liberals could end up in third place.
The PC's could use someone who presents a more positive tone.
I doubt a new leader for the Libs will do the trick. The renewal they need is 10 or 15 years out of power.
The NDP should get the union vote the liberals lost. Also a lot of liberals who are worried about losing jobs and wasteful spending. Also a bigger share of the female vote. The Liberals could end up in third place.
The PC's could use someone who presents a more positive tone.
I doubt a new leader for the Libs will do the trick. The renewal they need is 10 or 15 years out of power.
Apparently Hudak didn't get a memo telling him that he should be outraged that parliament was shut down, but that government business was still going to be conducted behind closed doors, e.g. with the teachers' union.
The Opposition should be sitting in Queen's Park, without the Liberals there, as a protest, and so that any Ontario voters ignorant of what the Liberals have done will see a photo of the Opposition there, but with no one from the Liberal Government.
Last edited by Kevin Pacey; Wednesday, 24th October, 2012, 06:27 PM.
Reason: Spelling
Anything that can go wrong will go wrong. Murphy's law, by Edward A. Murphy Jr., USAF, Aerospace Engineer
Re: Canada - Next Federal Gov't? - Strategic Voting
Hi Gary:
About vote-splitting between NDP and LPC - I think that strategic voting is going to play a large role in the NDP win - Liberal voters will be so wanting to get rid of the CPC, that they will vote NDP, over Liberal, to achieve it ( despite perhaps, Trudeau's best efforts ).
Re: Canada - Next Federal Gov't? - Strategic Voting
Hi Bob,
I don't know if strategic voting has much of an impact. Usually a person votes for the political party they like or a candidate they like.
Probably the next election will come down to if Harper has done enough to win re-election. Probably he has so far.
On the other hand, Trudeau is young and dynamic. Lots of energy. He could easily win the female and young voters as well as those who routinely voted for his father.
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