Opt out.
"Under the new measure, people realising capital tax gains of more than C$250,000 ($180,804) will pay tax on the excess at a rate of 66.7%, up from 50% at present. Similarly, all capital gains realised by companies and trusts will be taxed at 66.7%."
Yay more reasons to not work hard to bring value into the world!!
That's gay
Gross
In Italy a normal company or professionist is taxed *always* ~66%. I know, it's crazy.
There are some exceptions for new companies and young people with an income lower than €85.000.
And assuming the Italian government runs itself and its programs as efficiently (or rather, as inefficiently) as other governments, then it's insane to entrust such a high proportion of one's own wealth to them.
Well the wealthy will move and not pay that
That’s disgusting.
A lot of people make arrangements to put their money in trusts when they die, to help the beneficiaries. Litteraly stealing from the dead and from the future
💯 thievery
They look really proud of themselves.
This isn't The Mandibles, its Atlas Shrugged.
With friends like these...
Gg Canada 🍁
just 66.7 % ? why not tax at 100% ?
Can't resist dynamiting the Canadian economy just because he can
OMG. For me already 50% seems very insane.
What does this excess mean? Is that 66% of capital gains or is that 66% of 250k? Whats an average yearly wage there?
