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I think giving everyone $10-50 a year or something as a tax rebate to be spent on news organizations is a better way to subsidize news that people actually want
by HDThoreaun 4y ago
I think giving everyone $10-50 a year or something as a tax rebate to be spent on news organizations is a better way to subsidize news that people actually want, but that seems like a tough political sell.
- restitutorOrbis 4y agoCanada already does this but the way we choose to do it requires jumping through a whole set of hoops for journalists. Take a look at this: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/digital-news-subscription.html https://www.canada.ca/en/revenue-agency/services/tax/individ...
- squeaky-clean 4y ago> The maximum credit will be calculated by: > multiplying the lowest personal income tax rate (15%) by the total of all amounts paid by the individual for qualifying subscription expenses in the year up to $500. Not a Canadian so I've never heard of this before, but does this mean it's just a 15% discount?
- RegnisGnaw 4y agoYep
- torton 4y agoIndeed, the sell is so tough that it is currently the law (2019-2025, up to C$75 digital news subscription credit). https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/digital-news-subscription.html https://www.canada.ca/en/revenue-agency/services/tax/individ...