Below is an interesting page (p. 144) from the BC Liberal government’s 2009 budget update. If the “devil is in the details”, then this is a great place to start. As I discussed in my September 29th entry, the Liberals are anticipating receiving less revenue from corporate income tax than post-secondary tuition. The former has been subject to years of tax cuts, while the latter has seen increases well beyond the rate of inflation.
If you examine these projections closely, you will find other interesting results. For one thing, personal income tax revenue will be six times corporate tax revenue by next year. There will also be more revenue from MSP premiums and liquor taxes, and almost as much from lotteries.
Edited on: Wednesday, November 10, 2010 10:16 PM