When listening to the radio, watching television or reading the newspapers about events in this province, there seems to be a missing link. One that bridges all that information together and provides a way for people to contribute, express or lobby their concerns in their own time. After-all, this is our home and everyone cannot fit in Lukie's boat and paddle their way to Upper Canada, nor should we!
When a Trust Fund is set up through which donations can be distributed, at tax time, the doner can receive as much as $1.71 tax dollars back for every $1 dollar donated. That system appears to be another way of earning money.
If Premier Williams accepts his salary and donates it to his Trust Fund , effectively the Newfoundland and Labrador Government is paying out a salary on his behalf, even though the salary goes into his Trust Fund, and based on how Trust Funds works that Trust Fund obviously generates dollars back to him. That is my understanding of how a Trust Fund operates.
And since the Newfoundland and Labrador Government pays out that salary, it is not a savings for the NL Government.
2 comments:
THANK YOU!!!!
What a liar. Good job calling him out on that, Sue.
When a Trust Fund is set up through which donations can be distributed, at tax time, the doner can receive as much as $1.71 tax dollars back for every $1 dollar donated. That system appears to be another way of earning money.
If Premier Williams accepts his salary and donates it to his Trust Fund , effectively the Newfoundland and Labrador Government is paying out a salary on his behalf, even though the salary goes into his Trust Fund, and based on how Trust Funds works that Trust Fund obviously generates dollars back to him. That is my understanding of how a Trust Fund operates.
And since the Newfoundland and Labrador Government pays out that salary, it is not a savings for the NL Government.
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