But it was (and is) quite possible that dividends could go back to being taxed as ordinary income at pre-Bush levels.
So eliminate the corporate income tax, and tax capital gains and dividends as ordinary income.
Twenty million pounds, when the ordinary income of the State amounts scarcely to seven millions!
His ordinary income was generally twelve pounds a year, and never above eighteen.
The ordinary income was 2000 a year less than was required to meet the expenditure.