Christian Conservative Christian "Independent"

I'm an evangelical Christian, member of the CPC, but presently & unjustly exiled to wander the political wilderness.
All opinions expressed here are solely my own.

Thursday, November 10, 2005

Did the calculations... YUCK

I just sat down and did the calculations on the tax credits we, the taxpayer, will be GIVING BACK to the Liberal Party for that $1.14 million dollars they are going to return to us...

If the Liberals pay it off via $5000 donations:
$1140000 / $5000 = 228 Donors

Donation $5000 = $650 Tax credit returned to the donor
(in essence, the taxpayers are paying for $650 of that donation)

$650 x 228 Donors = $148,200 Subsidy for the Liberals $1.14 million dollar repayment.


If the Liberals pay it of via $1000 donations, it gets even worse:
$1140000 / $1000 = 1140 Donors

Donation $1000 = $558 Tax credit

1140 Donors x $558 = $636,120 TAXPAYER SUBSIDY TOWARDS $1.14 MILLION DOLLARS THE LIBERALS OWE US!

So, for my grand finally, I ran the numbers to figure out what it would cost US if this debt was repayed via donations of $400 or LESS. (this is the dollar figure below which earns the maximum tax credit for the donor)

The total cost to taxpayers would be, get this, $855,000. That's right, EIGHT HUNDRED AND FIFTY FIVE THOUSAND DOLLARS; that over 3/4 of what the Liberal Party of Canada owes the people of Canada in the first place!


Of course, it will likely be a mix of donations to pay it off, therefore, the dollar value of our subsidy will be somewhere in the middle of my calculations; between $150,000 and $850,000 of your hard earned money will go towards repaying this Liberal debt.

Don't you love how our system works? YOU get to help the Liberals repay their debt to YOU!

1 Comments:

  • At Fri Nov 11, 06:01:00 PM EST, Anonymous Anonymous said…

    Wow...you must have a lot a time on your hands and you love math!Any chance of anyone in the media picking up on those number's...so all your is not wasted! Lorrie Goldstein at the Toronto Sun has never hidden his opinions of the Libs.
    VF

     

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