IGNORANCE: Tweet By Liberal MP Adam Vaughan Reveals He Has No Idea How Tax Brackets Work

Maybe this is why the budget isn’t balancing itself.

There’s an old saying that it’s “Better to remain silent and be thought a fool than to speak and to remove all doubt.”

Liberal MP Adam Vaughan clearly never heard of it.

In response to a Tweet by @SupportersOfPPC, Vaughan revealed that he doesn’t understand how tax brackets work.

Adam Vaughan Marginal Tax Rates

After Vaughan’s Tweet, many people pointed out how he totally failed to get it:

“You’re an MP and you don’t know that tax rates are graduated? Wow! If someone makes over $100,000 they pay 15% on income from $15,000 to $100,000 then 25% on income over. 0% on income to $15,000.”

“@TOAdamVaughan please explain your math. It sounds to me like a person earning $99,750 gets a $3,282.79 tax cut.”

“Furthermore, please explain how every Canadian earning >$46,605 would not receive a tax cut. <$46,605 obviously would be breaking even. Nobody would be paying more (ceteris paribus).”

“Delete this tweet quickly and save yourself embarrassment. Google marginal tax rate and understand how the system works.”

What Vaughan said doesn’t even make sense. He seems to not realize that somebody making $99750 wouldn’t see any of their income taxed at 25%, since that rate doesn’t kick in until income surpasses $100,000.

A mistake on such an obvious thing like marginal tax rates is pretty concerning, especially considering the way the Trudeau government is blowing through our tax dollars.

Yet, Vaughan kept doubling down, and proceeded to get slammed by Maxime Bernier:

“OMG. He doubles down on his ignorance. Doesn’t even know there is a basic personal exemption ($15k in my proposal) and believes “more tax classes” and “subtle tax rates” — whatever that is! — is what prevents you from being set back when your total revenue reaches a new bracket.”

“Millions of Canadian taxpayers who worry about how much total tax they pay and, especially if they are self-employed, worry about getting a refund or having to pay more every spring, know how this works. And yet, an MP who votes on these rates in Parliament doesn’t?!!!!!!!!”

Perhaps that kind of thinking is why the budget isn’t balancing itself?

Spencer Fernando

Photo – Twitter

***

You can support SpencerFernando.com  by contributing through PayPal at the button below:




5
Share Your Thoughts

avatar
3 Comment threads
2 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
5 Comment authors
Gonzo the MagnificentjacinteSewer Ratshawn harrisEric Blair Recent comment authors
  Subscribe  
newest oldest most voted
Notify of
Eric Blair
Guest
Eric Blair

I doubt that Trudeau would know either. Both Vaughan and Trudeau are cut from the same cloth…the economy will grow itself from the heart out… yadi-yadi ya. But both can speak volumes on social spending and raising taxes/borrow more money to pay for it.

shawn harris
Guest
shawn harris

But of course socialists such as Adam Vaughan, Justin Trudeau and other leftist socialists always find it easy to excuse and justify such basic arithmetic failures, because they don’t care or feel any responsibility towards taxpayers money. They just see taxpayers money as a never ending source of money to be spent on themselves and their pet socialist projects. Remember what Margaret Thatcher said, ” the problem with socialism is you eventually run out of other people’s money “. So with the socialist thinking permanently ingrained in the minds of Vaughan and Trudeau and his assorted other socialists, is it… Read more »

Sewer Rat
Guest
Sewer Rat

Do you know what is even scarier? As of June 30th (latest poll I was able to dig up), Trudeau STILL holds a very small lead. That, my friend, is the truly scary part. I’m forced to wonder what it would take for him to actually be even 5 points behind?

Gonzo the Magnificent
Guest
Gonzo the Magnificent

Hey Sewer Rat! I’m willing to bet he is reelected in 2019 and I would give reasonable odds on that bet to any one!! Sad but true, which is why if I can get out of this “backwater” as Conrad Black so aptly called this country, and go to the US of A I’M ALL IN! The left are going to crumble in the mid-terms but up here, watch and see if Trudeau’s popularity isn’t even greater in a short period of time. He’s a shoe-in.

jacinte
Guest
jacinte

Adam Vaughan is a perfect example of the MPs we have today at the federal. The list would be too long to give the names.