Is there no one who proofreads the editorials before they are published?

There is so much wrong in today’s leader that it should be taken down and rewritten. But the worst sentence is this one: “Large profits that would previously have been subject to 30 percent tax were now tax-free.”

Just some paragraph earlier, the editorial correctly describes that both gains and losses on an ISK are subject to a flat-rate tax tied to the government borrowing rate. Some years this rate is low, other years it is higher.

What the critics of ISK (who have clearly never made a single stock transaction) always forget is this: on an ISK you pay the standard tax even when the value of your shares falls — i.e. you lose money and still pay tax.

Unlike a regular share deposit account, where you only pay capital gains tax on actual profits, and losses can be offset against future gains.

If the value of a share drops on an ISK, you still pay tax. You lose money — and pay tax on the loss.

And believe me — far from all share transactions are profitable.

If it were really that simple to get rich on the stock market, every socialist and communist would have invested all their assets there long ago.

Read the full DN editorial here

---

This is a new post on the new dewlar.me blog.
You can find the old blog here:https://mrsdewlar.blogspot.com

---