April 29th, 2010 — Mark Littlewood
I am not going to tell anyone how to vote but this is interesting information about the effective rates of income tax and capital gains tax.
Remember that capital gains tax is paid when an entrepreneur sells a business.
To have done this, they have had to build something of value, something that has been paying employees who have paid tax and national insurance, corporation tax etc. For anyone to treat capital gains tax and income tax as the same thing is a liability to the economy and has no clue about what drives the economy forward.
If you are an entrepreneur, or care about private enterprise and the future of the economy of this country, this is an important distinction.
This is the end of this non-party political broadcast.
To paraphrase my favourite physicist, Professor Brian Cox, ‘Anyone that thinks Capital Gains Tax is the same as Income Tax – is a Twat’.