Better taxes are simple taxes.
The Tax Working Group’s capital gains tax proposal is complicated with all the costs and opportunities for avoidance that go with complications.
Better taxes encourage what we need more of.
The TGW’s CTG proposal would tax savings and investment.
Better taxes discourage what we want less of.
The TGW’s CTG exempts the family home which would encourage even greater investment in housing.
Better taxes reward hard work, thrift and delayed gratification.
The TGW’s CTG would tax businesses and exempt art, cars and yachts.
The TGW’s CTG is a bad tax.