Tory family tax plan benefits the rich

To the editor:

I see by [Kamloops-Thompson-Cariboo MP] Cathy McLeod’s math (Page 1, 100 Mile Free Press, April 6) about 5,800 riding families will save approximately $1,300 a year in income tax through the Conservative Party’s Family Tax Cut plan.

This may be true, but it is misleading because a large number of poor families will get much less.

For example, a family making under $50,000 will receive an average tax benefit of $20 a year.  Even worse, if a family makes less than $41,000 annually, it will get no tax benefit at all.

To get an average of $1,300 a year income tax saving, annual family income must reach $135,000. The lucky people, who have family income above $150,000, will see their income tax reduced by $1,929 annually, which is about 100 times more than struggling low-income families.

It’s best to remember that when politicians mention “family,” they may not have yours in mind.

 

Gordon Hoglund

100 Mile House