Capital Gains (and inheritance tax with a reasonable threshold of, say $2m, then 40% over that) would let your average Joe/Jo keep some capital. There are still plenty of multi-millionaires in this country. UK for example: www.gov.uk/capital-gain...www.gov.uk/inheritance-...
Inheritance Tax (IHT) is paid when a person's estate is worth more than £325,000 when they die - exemptions, passing on property. Sometimes known as death duties.
Exactly, if your soul is compromised by voting for the lesser of two evils, how much is it compromised by paying income tax, by giving up the actual dollars that feed the war machine?
No! - Reform in haste- repent forever - why Reeves will tax wealth not opportunity henrytapper.com/2024/09/30/r... Those of us over 55 should worry for generations that come behind; we should not be taxing their savings, we should be bearing the burden of tax-cuts on our broad shoulders
I am putting on my philosophical hat and reminding myself that pension tax-relief is supposed to be both an incentive to save for and to spend in retirement. Turn the tap off for savers and you sav…
NZ, a low tax country that recently gifted its wealthiest citizens $2.9 billion in tax breaks, is struggling to work out where the money went.
Wishing these people a very "low tax" end.
I was under the impression that our country IS a dormitory to make money and then to store that money offshore, avoiding tax. Isn't this why the very wealthy are currently threatening to leave?
I'm not actually in favour of a CGT. Like, I'd take it. But we have a small number of families so wealthy they're distorting our entire democracy. We need a wealth tax
Man who has just sold (well) more than a million dollars worth of property “doesn’t believe in” capital gains tax. Convenient, that. #ConflictOfInterestMuch