Liberals push tax changes for those with over $100K income

Alberta’s top 10 per cent income earners would pay more tax if the Liberals were to form government after next Monday’s provincial election.

CALGARY — Alberta’s top 10 per cent income earners would pay more tax if the Liberals were to form government after next Monday’s provincial election.

Party leader Raj Sherman said in Calgary that anyone making between $100,000 and a $150,000 a year would be taxed at 13 per cent.

That would jump to 15 per cent for income between $150,000 and $200,000.

The tax rate for anyone making over $200,000 would be 17 per cent.

Sherman said the Liberals also would increase taxes on large corporations to 12 per cent from 10 per cent.

Sherman said increasing taxes on the rich would help reduce Alberta’s dependence on volatile resource revenue.

He said his proposed tax changes — along with about $200 million annually in cuts — would see Alberta bring in an additional $1.7 billion a year in revenue.

“At $100 a barrel oil, you can’t look at this PC government’s deficit as a short-term problem,” he said in a release. “Currently we don’t even bring in enough income tax to pay for health care, let alone the rest of government.

“We are paying the monthly bills by selling off parts of the family farm. That’s not responsible. That’s not Albertan.

“There will be a day when the last oilwell runs dry. What will we have to show for a hundred years of oil and gas? What will our children have to show for it?”

Last week, NDP Leader Brian Mason said the New Democrats would increase taxes on big corporations and on individuals making more than $200,000 a year.

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