Capital gains tax – the best tax

Capital gains tax – the best tax

“However easy it may be to make money, it is the most difficult thing in the world to keep it.” – P.T Barnum

Nobody likes paying taxes but if you do have to pay tax, Capital Gains Tax is the best one to pay. For starters, you don’t pay it until after you dispose of the asset which may be many years down the track and secondly, you receive a 50% discount. It sure beats paying full tax on bank interest.

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