Capital Gains Tax

[Bjauck]

Definitely No. If you didn't understand my last question, the issue is somebody has to be in the top 20%. When gov't policy erodes the incentive to perform because said left population says it's unfair, then what do you think will happen? You don't have to be a rocket scientist to realise that all the extra effort and stress to run a business, or make investments, for the sake of being rewarded will no longer apply - people will just simply give up, and then you would end up with a top the 20% that doesn't have anything to tax.

Don't be concerned about the wealthy people moving $ around, they've already done so. Be concerned about the hard working businesses that employ people - when these owners are fed up and realise the gov't has slaved them with no reward, then watch out. It doesn't take much to go on the dole.

If you have a profitable business then you are already paying tax. If there is a cgt, and the cgt is neutral for total tax raised, then you and your business may not end up paying more in taxes. If company tax and income tax is adjusted down.

Start-ups may have bigger gripe, where it takes some time to establish the company. The first years may see the company building up good will whilst not earning any net income. In the TWG scenario income tax rates would apply to the increase in capital value, probably due to the build up of goodwill. I would be surprised if any political party policy would not include some sort of an time-limited exemption for start-ups.