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Nicely Nicely Jones @nicelynicelyjones.bsky.social

Indeed. And at some point, you turn that asset growth into cash. And pay only 24% on it.

aug 25, 2025, 5:08 pm • 0 0

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ironeconomist.bsky.social @ironeconomist.bsky.social

Sure. But that isn’t a tax on income so it’s hard to compare. And usually what you do when you are rich is buy other assets that produce cash and pay yet more tax. As I mentioned earlier there is a strong case for reducing CGT because we actually want more business investment.

aug 25, 2025, 5:12 pm • 0 0 • view