Originally posted by DimPrawn
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9% CGT up to £750k?
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Originally posted by AtW View PostCapitalist schweine is right on this oneLet us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by DodgyAgent View PostOink! Oink!Comment
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Originally posted by AtW View PostDon't do it 3 times, or it might offend some people.
Oiiiiiiiiiiiiiii..........Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by DodgyAgent View PostYour ignorance and assumptions are awesome. How many small business owners sell up for £2million? very few. Most will be lucky to get £200,000. They are not all technology businesses that go for millions. Most of them are small shops and other unfashionable businesses. Remember these people do not have pensions either.
In true commie style you blithly dismiss 18% as "nothing to them", just as every other socialist loser pretends to arrogantly know what is best for "other people's" money.
The sooner people question what is done with our tax instead of looking at taxation as some sort of punishment for being "better off (apparently) than me" the better everyone's life will be.
Why should some type of income be tax free and some not?
I just used 2 million as an example of the people that were complaining that this tax was crippling. I never made the slightest claim that everybody cashes in that much and making that assumption is arrogant on your part.
I stand by what I said. 18% tax is not a particulary big slice of money to have to pay, by no stretch of the imagination can it be called crippling, and that is the ONLY point that I was making.
If we don't have this tax here we have to have a different one. And ISTM that it is much better to have a tax on gains that people *have* actually made, than to have flat rate taxes like council tax and business rates that you have to pay, even if you have zero income (or profit).
And quite how you can decide that I am a socialist from one example (that I simply plucked from the air to do nothing more than explain the maths) I do not know. I am not (I believe) a socialist.
Good night
timComment
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Originally posted by tim123 View PostI'm sorry Dodgy, people have to pay tax.
Why should some type of income be tax free and some not?
I just used 2 million as an example of the people that were complaining that this tax was crippling. I never made the slightest claim that everybody cashes in that much and making that assumption is arrogant on your part.
I stand by what I said. 18% tax is not a particulary big slice of money to have to pay, by no stretch of the imagination can it be called crippling, and that is the ONLY point that I was making.
If we don't have this tax here we have to have a different one. And ISTM that it is much better to have a tax on gains that people *have* actually made, than to have flat rate taxes like council tax and business rates that you have to pay, even if you have zero income (or profit).
And quite how you can decide that I am a socialist from one example (that I simply plucked from the air to do nothing more than explain the maths) I do not know. I am not (I believe) a socialist.
Good night
timLet us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by tim123 View PostWhy should some type of income be tax free and some not?
I stand by what I said. 18% tax is not a particulary big slice of money to have to pay, by no stretch of the imagination can it be called cripplingComment
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Originally posted by hugebrain View PostWhat a stupid commie! It's 18% tax on top of the 35%-50% of tax the business already pays .
As I said before. This "load the company up with money and close it down to pay CGT on my 'income' instead of the larger Income Tax" lark is not the normal method of cashing out a business.
timLast edited by tim123; 25 January 2008, 12:14.Comment
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