There should be no such thing as capital gains tax. It forces people to make bad trading/investing decisions based purely on tax.
Should be a flat 15% on all income no matter what amount - $5.00 or $50,000,000. Bank interest should be tax free, two and three bites of the cherry is disgusting. And they wonder why there are tax minimisation schemes!!! Why would you hand over hard earned cash to these idiots to blow on whatever scam they are pulling on us poor suckers, just so they can get re-elected.
I mean wtf is luxury car tax, they seem to think that luxury starts at $60,000 (or whatever is limit), maybe $260,000....
cheers
Steve
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- this is why cg tax should be 20pcent max
this is why cg tax should be 20pcent max, page-17
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