Interesting listen. I'm currently trying to get my head around various allowances and strategies etc. so this was useful.
@stevenwilliamson6236
21 күн бұрын
Surely people would choose to delay death?
@fabioq6916
Күн бұрын
Surely, the main argument for a lower rate of capital gains tax vs income is that a) the capital invested was post income tax in most cases and b) the capital was at risk. This is also why carried interest should absolutely be taxed as income because it required no capital to invest and is not at risk.
@danielwebb8402
Жыл бұрын
But the dividend tax is already subject to corporation tax. The 39.35% you mention vs 45%. That's 39.35% on already taxed at 19% gross profit. So a 51% tax rate. Of 100 gross profit the human gets 49, taxman 51. You either a) don't know this as not at all knowledgeable b) do know this, but assume audience is dumb and you have a biased political agenda. In this case it is clearly b. If you want dividend tax equal to that on income. Then need zero corporation tax (or full tax relief on dividends). Not dissimilar to.... the case when Labour came in. So same as they mentioned on capital gains tax. True also for the tax relief issue, Brown's "raid on pension funds". It's almost. Almost. Like 80s under Thatcher = financially literate. Minute Labour come in = Envy = looks good but shock of unintended consequences which actually fully pre known by the financially literate
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