Tax Fairness Question

[dowie]

Response has been, to paraphrase:

"It's not fair that I have to pay 60% tax".
"I have built the business for B and C". - Ignoring that seed capital came from parents and they have all jumped in to do any work that is needed to maintain/manage the properties and equally took on debt to finance it.
"Don't worry about my tax". - Nice of A to recognise that it is their tax and not B and Cs tax.

Why even worry about the details of their tax... do they want an equal share of the profits or do they feel A deserves a larger share for whatever reason, tax, claims of having done more to set up the business etc..?

If they want an equal share then do that and tell him to do one. Alternatively:

"I have built the business for B and C"

Do B and C agree to that and therefore agree he should get a bigger share? They need to come to an agreement together - does he deserve more for whatever reason (in which case set it out explicitly in writing) or should they all get an equal share?

 

[SpeedFreak]

That's been my point, it is not an equitable split of profit as by subsidising taxation the weighting is already skewed.

On the second point, no, they don't. A may feel they deserve more due to outdated cultural primogeniture possibly, but not for any tangible additional effort, but there are other issues around that topic. Specifically inheritance leaving as much to A as B and C combined, but that's a whole other story lol. That makes the argument about "unfair" paying 60% tax even more laughable.

 

[Colonel_Klinck]

Is there anything worse than a sibling trying to rip off their other siblings. I'd be absolutely gutted if my brother did that to me.

 

[SpeedFreak]

It's funny, when I speak to my brother about it he said if I tried that with him he'd tell me where to go