Income Tax, Capital Gains Tax and Dividends
Income Tax, Capital Gains Tax and Dividends
Author
Discussion

CzechItOut

Original Poster:

2,156 posts

221 months

Thursday 22nd July 2010
quotequote all
Why don't they make income tax, capital gains tax and income from dividends all follow the same rates and thresholds?

Esseesse

9,027 posts

238 months

Thursday 22nd July 2010
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Because some things are more 'deserving' of tax than another?

Also, if there were no little loopholes here and there then what would the educated have to jump through any more?

Eric Mc

125,734 posts

295 months

Thursday 22nd July 2010
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Because they are different types of income and are affected by different matters - such as offsetable costs, whether they are based on investments or earnings, whether NI should be applied etc etc.

I'm all for simplifying the tax system, but there are some fundamental differences in the way SOME items should be taxed.