Duncan will never understand money because he's a communist and his own country prefers to take it from other companies like tech companies because they themselves can't do anything. Not to mention UK and the EU love high taxes, sure you get more out of it than here but there's no reason for it to be so high in the first place. Politicians don't need as much as they make since they don't do enough for it.
Here there's no longer a reason to flip houses or have stocks due to how much the government takes from you. 50% unless it's over $250000 then it's 66.67% after that. So say if you managed to sell a home which is considered an asset for $400000 more than original price because the market is such shit. First $250000 would be taxed $125000 then the remaining $125000 will be taxed $83337.5 so you've now lost $208337.50 because the government is a greedy piece of shit that needs to be abolished. Doesn't look too good waiting to sell for a higher price now does it? It used to be lower than that but the Left just love stealing money that's not theirs.
By the way, remaining $191662.50 that you get is also considered taxable income. Have fun paying all those brackets depending on where you live.
Federal tax brackets alone.
15% on the portion of taxable income that is $55,867 or less, plus
20.5% on the portion of taxable income over $55,867 up to $111,733, plus
26% on the portion of taxable income over $111,733 up to $173,205, plus
29% on the portion of taxable income over $173,205 up to $246,752, plus
so the federal government alone will want another $41167.96
