UK Politics
General Discussion for politics in the UK.
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[email protected] appears to have vanished! We can still see cached content from this link, but goodbye I guess! :'(
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For anyone not wanting to read into the Reddit thread and is also from the US, it seems the "normal" tax rate is ~40% for people in the UK. So, 23% is a fairly large tax break.
I dunno how accurate that is, but if it's wrong, Cunningham's Law absolutely applies.
It’s not - he paid capital gains tax on a capital gain.
And it's still correct that it's a massive tax break.
The fact we have a massive tax break on capital gains compared to workers incomes is a shame on society in general and is basically the root of increasing inequality.
And it won't be fixed by people who benefit from it