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by runtime_terror
24 days ago
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Capital gains is from selling an assets, if you still own the business you can take as many profits from it as you want.
If you're talking about selling the business, then presumably you had years of realizing profits from the actual operation of the business. Now that you sell it, yes, you should be taxed at a higher rate. That said, there are tons of tax loopholes for that scenarios like in the US like a cash balance plan. But let's be honest, we're talking mostly about the sale of assets like stock ownership. That's how the super wealthy accumulate even more wealth. Then combine that with "buy, borrow, die" and you're paying almost no taxes. All most people is for the rich to pay a proportionally fair amount of tax. |
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