Low/Middle income people save in bank/building soc accounts. £1000 interest tax-free for most basic rate earners: £500 for others; rest taxed at 20%-45%.
Rich buy second homes, arts, securities. £3000 capital gains tax-free, rest taxed at 18%-24% for most.
Class war embedded in the UK tax system.
Rich buy second homes, arts, securities. £3000 capital gains tax-free, rest taxed at 18%-24% for most.
Class war embedded in the UK tax system.
Comments
Systemic corruption flourishes when wealthy fund political parties, hand consultancies to legislators and control media.
Only people can fix it.
But yeah, class war.
Does eBay pay tax on every penny earned over £1k p.a.?