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Capital gains are taxed over a holding period at the point of sale.
Ireland's economy was a mess with middle-income earners taxed over 60% of their wages and government borrowing out of control.
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"We've made these mistakes on taxes over and over again in history".
The association blames high taxes, over-regulation, expensive electricity and a poorly trained workforce, among other factors.
What is left over is taxed.
Criticising the three main parties, he said: "People feel ignored, taken for granted, over-taxed, over-regulated, ripped off and lied to".
Mr Reckless told rapturous delegates at UKIP's conference in Doncaster on Saturday: "People feel ignored, taken for granted, over-taxed, over-regulated, ripped off and lied to".
Mr Reckless told UKIP delegates at the party's conference in Doncaster: "People feel ignored, taken for granted, over-taxed, over-regulated, ripped off and lied to".
In a speech in central London, he said the UK was not sharing in global growth "because we are over-taxed, over-regulated and we spend and borrow too much.
There just so many people that can't take care of their family because government's over-taxed, over-regulated, over-litigated, it caused roadblocks to economic prosperity".
I paid 145 million euros in taxes over 45 years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com