So there is some political news here recently about sudden changes regarding a tax cut for income tax. It was a very odd announcement as many people view this as simply a way to buy public support for a party that doesn\u00e2\u20ac\u2122t have a good approval rating. The interesting part for me was reading how in order to accomplish this they would have to prolong the provincial debt.<\/p>\n
I was just thinking how while it is nice to get money back, in this situation it just makes no sense to jump out of a tax routine that people are used to and at the same time it can just make the debt bigger and longer. Kind of like using a credit card where you are used to giving up say 10% of your paycheque to pay off a large part of the balance. Then all of a sudden you think it makes more sense to just keep more for yourself and allow the balance to grow higher.<\/p>\n
Just makes more sense to focus in wiping out a debt like these first I\u00e2\u20ac\u2122d say. Especially if you have adapted your lifestyle to only use income earned after taxes to manage your daily financial needs.<\/p>\n","protected":false},"excerpt":{"rendered":"
So there is some political news here recently about sudden changes regarding a tax cut for income tax. It was a very odd announcement as many people view this as simply a way to buy public support for a party that doesn\u00e2\u20ac\u2122t have a good approval rating. The interesting part for me was reading how […]<\/p>\n","protected":false},"author":1,"featured_media":12165,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[297,1541,2495,17],"class_list":["post-2544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-debt","tag-income-tax","tag-politics","tag-tax-cut"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2014\/02\/9.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-F2","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/2544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=2544"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/2544\/revisions"}],"predecessor-version":[{"id":2545,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/2544\/revisions\/2545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/12165"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=2544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=2544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=2544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}