In what ways can the government act to increase and/or stabilize its revenues without jeopardizing Alberta's competitive position?
Implementing a provincial sales tax, which would increase revenue by approximately $1 billion per percentage point. For example, a 3% sales tax raises approximately $3 billion.
Bring back health premiums at the old rates, which would increase revenue by approximately $1 billion.
Increase corporate income tax, which would increase revenue by approximately $500 million per percentage point.
Increase the existing personal income flat tax, which would increase revenue by approximately $1 billion per percentage point.
Introduce a graduated personal income tax rate that would increase the tax rate on incomes over a certain level. For example, a graduated rate of 13% for people who earn over $100,000 would increase revenue by more than $1 billion.
Increase the tax on gas, which would increase revenue by approximately $63 million for every one-cent-per-litre increase.
Increase the tax on a carton of cigarettes, which would increase revenue by approximately $23 million for every one-dollar increase.
Increase the markups charged on liquor sales, which would increase revenue by approximately $7 million per percentage point.
Government should not increase taxes in any way.
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