What a load of rubbish. A Lancashire cleaner will be in the bottom tax bracket, so will pay a lower rate of tax than capital gains rate. A landlord pays income tax on rent, capital gains tax IF the property goes up in value and paid income tax on earnings to afford the property.
Wes Streeting has this morning set out his tax plans - specifically bringing capital gains tax into line with income tax
He says that the current system is unfair because it penalises work
Higher or additional rate taxpayers will pay 24% on gains in the current financial year. Streeting said that the rates should mirror income tax bands - so 40% for higher rate taxpayers and 45% for additional rate taxpayers
He says that the approach could raise £12billion a year
Streeting said: “A member of my family is a cleaner in Lancashire. She pays a higher tax rate on her salary than her landlord pays for the growing value of the home she lives in. She slogs her guts out, he puts in far less effort, yet the state rewards him more than her. And we wonder why people are angry.
“The system is penalising work. It’s not fair and it’s bad for our economy. We need a wealth tax that works. A pound made from simply owning assets should not be taxed less than a pound made from a hard day's work. We can do it in a way that is pro-growth, pro-entrepreneur and pro-work.”
🚨🗣️ Lisandro Martínez: "Ever since I' ve been with Muriel, she’s taught me how to be a man."
"I came from a male chauvinism background and was never able to develop my feminine side, to treat a woman well, to express myself, to give love."
"I used to think that crying was a weakness, but she taught me those things that I now love..."
"Because I now I LOVE crying, expressing myself, giving love, saying things to people’s faces."
Albert Einstein has an entry in the Gladness Stakes this weekend... 👀
Can you name the last horse Aidan O'Brien sent to the 2,000 Guineas after a prep run? 🧐
This video always fascinates me. Where are they? What is the occasion?
The man in white who copies the lad in the black t shirt’s moves. The girls at the back who look copy & pasted. Why do the two children have the same dress on? Is the ginger kid back left sat in a bin?
Trainer @WilliamHaggas has prepared 20 starters in Sydney for 11 wins (including six G1s & $10m Golden Eagle) and a second, collecting $14,593,200 (around £7m).
Haggas has collected £8.23m (A$17m) from 1401 starters in the UK since 2023, winning 279 races
🎶🎶🎶🎶🎶🎶🎶
Do wah diddy diddy dum diddy do
Jumping over fences, going off at 1-2
He LOOKS GOOD
He LOOKS FINE
GALOPIN IS ON MY MIND
AND HE BEATS FACT TO FILE
@WillieMullinsNH@LeopardstownRC