The Las Vegas Hilton which is located on Las Vegas Boulevard near Las Vegas Boulevard and Las Vegas Boulevard, and sits on property owned by the Government of Canada. In fact, Las Vegas Hilton is often called the city of the world. On average, almost 3 million Vegas Hilton guests will spend approximately 11 billion Canadian dollars. The majority of its business is the gambling trade, and the rest depends very heavily on the casinos’ revenue. According to the Government of Alberta, the casino revenues of Las Vegas Hilton are equivalent to 40 per cent of the province’s annual gross domestic product in the year prior. The casino’s revenues have been supported by a long list of government handouts, especially since the beginning of the millennium. The main reasons why Canadian politicians keep giving their people millions of dollars in handouts from the Government of Canada (GOC) are many and varied, but some common themes emerge:
Tax cuts for high earners (especially capital gains);
A large tax cut for individuals with incomes over $170,000;
Free university tuition and education;
Provide for new “sustainable growth” measures;
Free education for Canadian military personnel and for their families.
Tax cuts for high payers
The most common reason why Canadian taxpayers get to keep the majority of their income and hand back so little is through the Government of Alberta’s “one per cent” income tax cuts for high income earners. In fact, the largest increase in the GST was in 1998, when the Alberta Government changed to an “individual, family, and corporate” tax rate. This was done in order to “create more tax revenue,” as they say on the big screen. Since this tax rate was set as an “individual” rate, the increase in the marginal value of the GST was also calculated using an “individual” tax rate. The result was that the increase in the marginal personal tax rate was roughly equivalent to the Alberta Government’s new individual rate. The result was that the Government of Alberta’s increase in government revenues was not only $3.5 billion annually in the years immediately following the GST reduction, but significantly more than the $7.6 billion in extra government revenues the Liberals received from higher taxes. When the change in Alberta was made, the Government of Saskatchewan and the Liberal government of the day were facing the same problem, but Saskatchewan decided to keep the Saskatchewan Advantage, and Ontario and Quebec decided to keep their current tax rates. In 1997, Manitoba decided to take the “step up” and increase government revenues
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