Stus-List Re: [EXTERNAL] Canadian Luxury Tax

[Doug Robinson via CnC-List]

It has been said the State of Michigan paid out more in unemployment 
stipends than the federal government collected in tax.  If I had 
incurred such a loss in the bank,  I would have been canned without 
recourse.for sure.



On 1/12/22 2:41 PM, Della Barba, Joe via CnC-List wrote:


I was in the boat repair business at that time and the last pre-tax 
year was 1.5 million gross and the next year with the tax was 385K.


It does not work, no one will pay it, they’ll find any way around it.

*/Joe Della Barba/*

Coquina

*From:*Bill Coleman via CnC-List 
*Sent:* Wednesday, January 12, 2022 2:33 PM
*To:* 'Stus-List' 
*Cc:* Bill Coleman 
*Subject:* [EXTERNAL] Stus-List Canadian Luxury Tax

OK, I know I should just get back to work, but this is a very thought 
provoking Bill about to take place,


and it is like watching a slow motion train wreck.

The American Version of the 90’s may not have been what completely 
killed C, but it certainly guaranteed it.


What do they say, “Those who do not remember the mistakes of the past 
are condemned to repeat them in the future” ?!


It’s been about a generation, long enough to forget, I guess. And 
Canada has a lot to lose.


https://marinefabricatormag.com/2021/12/20/analysis-shows-canadas-proposed-luxury-tax-will-have-heavy-impact-on-marine-industry/ 



https://www.chicagotribune.com/news/ct-xpm-1991-06-13-9102220626-story.html 



Bill Coleman

Entrada, Erie, PA


Thanks to all of the subscribers that contributed to the list to help with the 
costs involved.  If you want to show your support to the list - use PayPal to 
send contribution --   https://www.paypal.me/stumurray  Thanks - Stu
Thanks to all of the subscribers that contributed to the list to help with the 
costs involved.  If you want to show your support to the list - use PayPal to 
send contribution --   https://www.paypal.me/stumurray  Thanks - Stu

Stus-List Re: [EXTERNAL] Canadian Luxury Tax

[Della Barba, Joe via CnC-List]

I was in the boat repair business at that time and the last pre-tax year was 
1.5 million gross and the next year with the tax was 385K.
It does not work, no one will pay it, they'll find any way around it.


Joe Della Barba
Coquina


From: Bill Coleman via CnC-List 
Sent: Wednesday, January 12, 2022 2:33 PM
To: 'Stus-List' 
Cc: Bill Coleman 
Subject: [EXTERNAL] Stus-List Canadian Luxury Tax

OK, I know I should just get back to work, but this is a very thought provoking 
Bill about to take place,
and it is like watching a slow motion train wreck.

The American Version of the 90's may not have been what completely killed C, 
but it certainly guaranteed it.

What do they say, "Those who do not remember the mistakes of the past are 
condemned to repeat them in the future" ?!
It's been about a generation, long enough to forget, I guess. And Canada has a 
lot to lose.

https://marinefabricatormag.com/2021/12/20/analysis-shows-canadas-proposed-luxury-tax-will-have-heavy-impact-on-marine-industry/


https://www.chicagotribune.com/news/ct-xpm-1991-06-13-9102220626-story.html


Bill Coleman
Entrada, Erie, PA


Thanks to all of the subscribers that contributed to the list to help with the 
costs involved.  If you want to show your support to the list - use PayPal to 
send contribution --   https://www.paypal.me/stumurray  Thanks - Stu