2 ms·
> Eliminate capital gains all income is taxed as earned income. I don't own property, I rent, trying to save for an apartment. I am currently paying CGT on sav
by cheph 6y ago
> Eliminate capital gains all income is taxed as earned income.
I don't own property, I rent, trying to save for an apartment. I am currently paying CGT on savings (I think at income tax rate). People who do own property where I live get tax rebate because they have mortgage, and they don't pay CGT on residential property. How is that fair? I am poorer than most people who own property but paying higher effective tax rate than them, and it makes it more difficult for me to buy.
How is that fair?