Re: Is it time to leave the UK?
Quote:
Originally Posted by tweetiepooh
Problem is then defining high net worth. Say you live in a property you bought cheap many years back in an area that has become "desirable" so increased disproportionately in value you may have high worth but you are cash poor why should you pay for that? Or you bought a wreck, worked on it over many years, invested in it (paying tax on all that work), looked after it so again it has high worth?
It seems to be a pretty leftist idea to tax success.
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Think of it as a way of paying forward for those who are just starting out and don't have wealthy family to help out.Why should being successful exempt you from paying taxes?
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