NDP Minority Govt in Alberta

sweld

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Ok so if u pay 10% on 1000 it's $100. If u pay 12% it's $120. That isn't 20%. So now what.
Percentage is based of 100


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Stompin Tom

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Ok so if u pay 10% on 1000 it's $100. If u pay 12% it's $120. That isn't 20%. So now what.


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Really?

you payed 100 dollars last year, this year you pay 120 dollars, that is 20 more dollars, which equals 20 percent more.
 

arff

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Maybe everyone should be enjoying quad riding or yard work. Or camping.

A lot of posts on the same thing.

Just saying.
 

Stompin Tom

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If you have 100 sleds and you give your buddy 10 sleds you gave him 10% of your sleds. Next year you give him 12 sleds. You gave him 12% of your sleds. That's 2%
last year you gave him 10 sleds, this year you gave him 12 sleds. That is 20% more sleds.
 

lilduke

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Stompin Tom

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lets say you make 10 dollars an hour. Your boss gives you a 20% raise, how much money will you now earn?
 

Stompin Tom

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Thats easy..... 2 dollar raise so 12 dollars do i have to show my work? Lol
so as your employer I used to pay you 10 dollars, I now pay you 12 dollars, how much of a percentage increase have I paid?
 

niner

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so as your employer I used to pay you 10 dollars, I now pay you 12 dollars, how much of a percentage increase have I paid?
Ok so from $10 to $12 is a 20% increase. But if your making $10 a hour and you get a 2% raise you are now making $10.20 per hour.
 

Stompin Tom

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Ok so from $10 to $12 is a 20% increase. But if your making $10 a hour and you get a 2% raise you are now making $10.20 per hour.
exactly. If I only had to pay a 2% more tax's I would pay $10.20. But if I have to pay $12 then I am paying 20% more.
 

sweld

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Yes 2% of $10 is 20%. Now we're talking taxation here. They are not increasing taxes 2% on every 10$ u make they are taxing let's say your gross income. Say 100000. So that works out to 120000. Which is 12%. 2000 more then 10%. If they were taxing 20% well u figure it out


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Stompin Tom

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There are 3 completely different things going on in this equation that people get confused with.

1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.

2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.

3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.
 

bobsledder

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There are 3 completely different things going on in this equation that people get confused with.

1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.

2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.

3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.
See....math is difficult for some.
 

sweld

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There are 3 completely different things going on in this equation that people get confused with.

1st, $100 dollars is the amount of profit the company has made. That is a stable number. Nothing changes in the math equation.

2nd is the amount of tax that must be paid, previously it was 10%, now 12% which is an increase of 2 percentage points, or as your accountant like to say an increase of 2 points.

3rd is the actual amount of money which has to be paid. Previously $10 was paid. Now $12 must be paid. That is a 20% increase in how much you have to pay.

You just said baseline is $100 in your first point. Now your throwing $10 in again. If you make $10 a year then yes you are correct.


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