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‘page 14, January 18, 1978 - North Shore News

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income tax, but we also know

— all. of which are directly

billed to'us. Besides thesc.
-aré.a whole. host of indirect

of June. to -pay: his ‘or. her

yme tax, bu April, May and. the first half
that. many other: kinds of...
taxes © exist: | sales” ‘taxes,

. ales share. of. the rest of the taxes .
_ property taxes, water taxes

which are on the books in |
Ottawa, Toronto, Vancouver, —
- Winnipeg,. Elbow, Frederic-

‘rec - than anything else.
ton and Trois Rivieres._ By.

..Fraser Institute, an economic

every dollar we made. Today:
_ they spend closer to:43cents..

making ends. meet, despite
the fact that they. may be

‘making more than they have
‘ever meade: before, .is that

taxes are going-up faster
The

1961, and consumer prices... 4
‘have gone up-85 percent.in:
; - Joe the same period, ‘consumer ©
One ‘reason. so:. many _

Canadians are having trouble

taxes have increased 239
pefcent.

suggest what must be done |

about government spending, —

Two questions beg:to be
asked. First, why has gov-
ernment spending gone up.
_ faster’ than practically. any-
thing else? Second; what —
exactly is government spend-

already admitted to be out of
| control]. en ee VSS

taxes: which we pay but for June 15,. we. .are just . research group based in ing our money on? ~ |
which. we are not billed beginning to work for our-.. Vancouver, estimates that = 0 ©) :
directly. These include taxes selves. ; _. while average incomes have. [Next week. Part 2 . will

‘levied on raw materials, or at,
- point of import.. They may be

a gallon of gas, a package of
cigarettes, a bottle of wine or

’ costs $50 a month to park aj

a _...» .inereased 142. percent since
It wasn’t always this way. nee SaRse aise tel
As recently as fifteen years
ago, we could. fulfill our
obligations . to  ‘‘provide .
revenue for the operation of
government’’ by _ working
‘‘only’’ from January
through April 15. If we.went’) =...
back 50 years our obligations. *
to all levels of government. .-
would end by the third week...
in February. It is hardly’.
necessary to state that the -
cost of government, like the ©
cost of everything else, has’.
gone up. In 1927, govern-
ments spent 1S cents out of~

. , _-examine how our tax dollars
the processing level, or at the aca mn mic

taxes included in the price of

a ticket to a movie.

It takes 76 pages of fine
type for Statistics Canada to
‘list our principal taxes.

Without these taxes being
levied, we'd get our full
wages or Salaries with no
‘deductions. We would also
be abie to buy. gasoiine for 36
cents a gallon rather than 87
cents; home heating oil for 32
cents a gallon rather than 49
cents; a bottle of liquor for ,
under $2 instead of the $8
and up we normally pay; 48
cents for a large, king size
pack of cigarettes.

Practically everything we
do as consumers...and we |
are all consumers...is taxed.

In Montreal for example, itt

car downtown. But $29 of}
that $50 goes to paying}
assorted taxes and permits. 7

Examples abound: the;
ubtianitous tay. collector is
we we aw “a weaw Teese wea ere - inal
there when you brush your

the brush, the toothpaste and
even the water you do it with. 8.
Hie is there again in the
evening, having taxed in &
one way or another, your
morming paper, your ride g
downtown, and just about @ .
.everything you have seen, B
smelled, touched, heard or 7
tasted. i

It has been reliably esti- §
mated that close to half of the 7
income of an average wage §
earner in 1976 went to taxes
of one kind or another. In §
other words, a $15,000 a year &
income earner ‘‘spent’’ §
$6,800 in hidden and direct 5
taxes.

If you need money tor a new car, vacation, home improvement,. . -_
education, or other worthwhile purpose. ...talk to us NOW! A North -.
Shore Community Gredit Union loan has a lot going for you, in addition:
to low rates. Your loan could be automatically life-insured free up to _
$10,000. And you can pay back all or part of the loan anytime you
want to - without penalty! That could save you money ! Discuss your
special plans with one of our friendly, knowledgeable loan officers. . .
‘find out if you might be eligible for an ‘even [ower rate!

*

ALSO CONSIDER... ee
LINE OF CREDIT

Apply for a convenient Line of Credit up to.a maximum of $1500,.to
work in tandem with your Free Chequing Account. You pay only
12% per annum interest on your unpaid balance. This is considerably

lower than the rates charged by many credit card companies. . .which
are as high as 21%. | |

So do the wise thing, use your Line of Credit to write a cheque and —
pay off. your credit card charges promptly! ot

%

MORTGAGES

With a North Shore Community Credit Union personal-use mortgage,
there are no lock-in clauses. Rates are very competitive: 9% % per
annum on first mortgages, and 11'4% per annum on second mortgages.
You can prepay at any time without penalty - and that can. save you
moncy! :

RATES

LOWERY
A LITTLE

Put another’ way, an §&
average Canadian . worker §
works January, February,
March and part of April to
pay his or her income taxes;
and then works the rest of

ted his leaving. He’has been
transferred to Bangladesh,
where he will probably have | {
some trouble finding ice.

Two other games during
the week saw the Trojans §&
shut out the Pharoahs 3-0, |
but then the Trojans them-
selves bit the dust when they

went down to a 8-2 defeat at PER ANNUM
the hands of the Senators. § Personal Loans 12%

The Senators started slowly | Line of Credit 12%

but took off in the final First Mortgages (personal -use) 954%
stanz 1 Iv answere . Second M nal-

goals in a game that was BF Aortgages (personal-use) 114%

marred with only a single

(Interest rate calculated monthly)
penalty.

Next up on the schedule is North
‘a ducl between the Mer-

chants and the Pharoahs at Lonsdale Branch Lynn Valley Branch Marine Drive Branch

the North Vancouver Rec- 1100 Lonsdale Ave. 1247 Ross Road | - 1080 Marine. Drive

reation Centre Thursday _ North Vancouver 986-4321 North Vancouver 980-6556 North Vancouver 986-1116 _
evening at 10:45 p.m. O30 5:30 Tues. to Fri.; 10 - §:30 Tues. to. Thurs.; | 10 - 5:30 Tues. to Thurs.; ~~

a 10-8 Fri.; 9:30 - 14; .
HOAQUINAUUGHNNNQ00N00U01000F004N000000000081 1:30 Sat

; 10 - 6 Fri.: 9:30 - 1:30 Sat.
Fitness. In your heart you know it's right. | , , , . , “nn , _— : . . _

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