Quote:
Originally Posted by Sephiroth
You're splitting hairs here. What you have avoided explaining is what the heck you meant by this £60m/£100m 'example'.
You don't have to have mentioned the 45% tax rate for me to introduce it into the conversation. You go on about the tax gap between the £60m bod and the £100m bod. The only inference to be drawn is that you wish the richer person to be subject to a higher tax rate, or a wealth tax, or something because you never defined the £60m/£100m wealth increase.
You mentioned an effective tax rate (I now assume CGT) of 10% for the £100m bod. Where does that come from?
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I think everyone (even you) knows what Ian is saying, I also think you're just going out of your way to be obtuse because you know he's got a point and cant bring yourself to agree.