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Taxes on income and taxes on investment gains should be the same. In the UK, a 20 year old contributing to society by doing £45k worth of work every year keeps
by isostatic 7y ago
Taxes on income and taxes on investment gains should be the same. In the UK, a 20 year old contributing to society by doing £45k worth of work every year keeps 69% (£30,737)
Meanwhile a 70 year old seeing their BTL property appreciate by £45k a year due to crossrail (paid for out of income tax the 20 year old is paying) keeps 87% (£39,060)