Reposted by Maz
Capital gains taxed at lower rates than wages.
2024-25: 584000 people paid £24.2bn capital gains tax (CGT) on £127.3bn gains.
45% of CGT paid by those with gains of £5m+, less than 1% of CGT payers.
Align CGT rates with tax rates on wages, generate £12bn-£14bn. More if NIC charged.
leftfootforward.org
This is how the Chancellor can increase the personal allowance and lift millions out of hardship
Sustained economic growth can’t be achieved without a major boost to the purchasing power of the bottom 50% of the population