Xref: utzoo ont.general:1008 can.general:1626 Path: utzoo!censor!geac!jtsv16!brian From: brian@jtsv16.UUCP (Brian A. Jarvis) Newsgroups: ont.general,can.general Subject: Re: The Taxman Cometh for NSERC Award Recipients Message-ID: <1089@jtsv16.UUCP> Date: 25 Aug 89 12:32:39 GMT References: <1989Aug24.111357.26686@jarvis.csri.toronto.edu> Reply-To: brian@jtsv16.jts.com (Brian A. Jarvis) Distribution: can Organization: JTS Computer Systems Ltd., Toronto Lines: 38 In article <1989Aug24.111357.26686@jarvis.csri.toronto.edu> elf@dgp.toronto.edu (Eugene Fiume) writes: >In article kim@watsup.waterloo.edu (T. Kim Nguyen) writes: >> >>How does one reduce one's net taxable income to an acceptable level >>(ie. $0) if one receives a sizeable scholarship? > >[...] >As to how you reduce your taxable income to $0, you can't; so forget it, >hold your nose, pay up, and be proud of the fact that it's people living >near or below the poverty line that support this great country of ours :-( . >(BTW I have no idea how true this last remark actually is--I'd be interested >in seeing a breakdown of gov't tax revenue as a function of income (whether >taxable, net, disposable, etc.).) >-- >Eugene Fiume I think, by our current standards, I'm below the poverty line. Which doesn't say a whole hell of a lot. From 'way back in high school, the poverty line was defined to be spending about 2/3 of your income on necessities: housing, clothing, food. Am I under the poverty line? I'm not dressed in rags (Well, then again, my friends do consider my tastes to be rather conservative... B{); I've got plenty of food in the cupboards; I've got a small, but nice downtown Toronto apartment. All things totalled, I'm probably pretty close to the poverty line, but it's a damn comfortable form of poverty. I can handle it. Didn't someone on the Net point out that while x million of people in Canada are below the poverty line, there were fewer people without a VCR, implying that although many may be poor, they do manage to have the modern conveniences, whether they can afford it or not. =============================================================================== __ __ Brian A. Jarvis, / ) ...jtsv16!brian / ) J.T.S. Computer Systems Ltd., /--< __ o __. ____ /--/ Downsview, Ontario /___/_/ (_<_(_/|_/ / <_ / ( o My dog, Goof, still says "Hi!" ===============================================================================