Climate Justice Activist: We Need To Equalize Capital Gains Tax and Income Tax Which Is 45%

TRANSCRIPT:

SEALEY-HUGGINS: “Domestically, they won’t equalize capital gains tax with income tax, so they won’t — if you earn money from wealth, if you earn money from stocks and shares and dividends, you pay less than if you earn money from working. Your tax rate is lower. The current higher additional tax rate for capital gains is around 24 percent, whereas for income tax, the higher rate is around 40 to 45 percent.”