Carbon tax calculations

Doug McComber at Canadarants.com has pitted the PC carbon tax calculator against the Liberal Carbon tax benefit calculator

A Chronicle Herald article today [Aug 22]  cites Liberal MP Scott Brison as saying that Nova Scotia Premier Rodney MacDonald’s opposition to the federal Liberal’s Carbon Tax plan as “fully bought and paid for” and that he is “distorting the facts and deliberately misleading Nova Scotians regarding their energy future”.  This came after the Premier unveiled a carbon tax calculator on the PC Caucus Nova Scotia web site.
The Liberals have a Carbon Tax calculator too.  Where the Premier’s calculator shows you how much Carbon Tax you would pay, the Liberal’s calculator shows you how much “tax benefit” you would reap.

When he plugged in his figures Doug McComber came up with a very odd result. The Liberal calculator (added to their site after the PC one) came up with exactly the same amount of benefit to offset the green tax.

Mr. MacDonald’s calculator estimates an annual Carbon Tax on my heating (electric in my case) of $973.  The Liberal’s tax benefit calculator (which felt a bit like filling out an income tax form) claims a total annual benefit of $972.

We thought that was pretty neat and tidy.  So we tried it for ourselves. In our case – we use a combination of oil and electric – our carbon tax total using the PC calculator came to 892$  Then using the Liberal tax benefit calculator we came up with benefits totaling – $980! Pretty nifty as it implied we would be in hand 88$!  Boy that’s some tax! Wish all taxes worked that way! However, it wasn’t as much as  Brison implied we would get in benefits [ not that we are in any way average :-)]

Scottie said that:

the average rural Nova Scotia family (rural citizens get a bigger tax break) would gain about $1300 in tax benefits.

So we started playing around with the figures, increasing our income figures on the Liberal calculator to see how high our family income would have to be to get to the $1,300 mark. We finally hit it with a combined income of  $100,000.  Pretty high for the average NS family would you say?  As Doug says:

While I’m very excited about the free looney, I’m unconvinced of the tax benefit’s feasability.  Frankly, I don’t believe a politician (of any party) that states we will take from the left hand and give it all back with the right.  If there is no net financial gain for the government then what is the point of the tax?

Not that we believe either calculator for a moment. Pretty shifty we’d say.

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