9% CGT up to £750k?

[DodgyAgent]

Hear Hear you Capitalist pig.

Oink!

[AtW]

Oink!

Capitalist schweine is right on this one

[DodgyAgent]

Capitalist schweine is right on this one

Oink! Oink!

[AtW]

Oink! Oink!

Don't do it 3 times, or it might offend some people.

[DodgyAgent]

Don't do it 3 times, or it might offend some people.

Oiiiiiiiiiiiiiii..........

[tim123]

Your 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.

I'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

tim

[DodgyAgent]

I'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

tim

Sorry Tim, I went off on one, perfectly fair point of view

[Andy2]

He is right
peeps should be taxed till they squeak

[hugebrain]

Why 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 crippling

What a stupid commie! It's 18% tax on top of the 35%-50% of tax the business already pays (depending on the line of work) once you get to around 60% tax it's a big slice, doesn't leave much to pay all your other taxes with.

[tim123]

What a stupid commie! It's 18% tax on top of the 35%-50% of tax the business already pays .

No it's not. It's quite normal for there to be large amounts of value in a company that you are selling on, that has not been put through the books and already taxed.

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.

tim