Quote (SBD @ 18 Sep 2021 13:22)
Why? You don't think people flipping homes generating income, some of which do it as a business should be taxed as regular income? Why do they only have to pay 50% tax just because they're in a different line of work?
Maybe I missed the full jist of it, is he also pushing additional capital gains tax elsewhere / increase to capital gains taxes?
I will have to read. I only follow lib and cons.
My parents were ranting about the housing one but there must be more changes based on your post
I see 75% inclusion rate.
That's a hard no for me as someone who saves a few hundred thousand a year all of which go in equitys.
So you believe that people who make all or part of their income buying and selling houses should pay regular income taxes... but you think people who make all or part of their income buying and selling financial instruments should pay reduced taxes?
Are you now opposed to the 75% inclusion because it personally impacts you in your second income stream? Or are you just a fan of giving perks to people wealthy enough to afford investing (a population to which you belong)? Capital gains need to be abolished entirely. Income is income. It's literally a powerup for the wealthy.
This post was edited by 18nomaUSEast on Sep 19 2021 04:53pm