Is saving for retirement illegal in your country?The Netherlands? Yes.
>>219284588dutchland has to be the most retarded country of this decade and that's saying something with the retarded moves some cunts have made
Ik ook
>>219284588How is this even gonna work? The stock market goes through ebb and flows.
lmao wtf, so how does this work? If you hold your shit and it crashes you still have to pay taxes from the previous' years growth?
>>219284666Every time it goes up you lose money and every time it goes down you lose money, easy
total cryptobro death
>>219284635>>219284588You are not wrong, but no matter what we vote, politicians ignore us and do shit like this. Most elections, including the last, right-wing parties mostly win. This is also not always reflected in the government, because of how our parliamentarian system works.Thanks for reading my blog.
>>219284666>>219284668you literally pay for the gains you made in one yearyou can deduct losses from last year or something as wellthis is literally how it worksits not sold, its unsold gains from stocks etc. which you get taxed for>>219284699the article just put crypto for it to ragebait since no one makes legislation for cryptos only
>>219284588who the fuck voted for this? why
>>219284704>but no matter what we votethis is a retarded excuse,if you voted for people opposed to this sort of shit this sort of shit wouldnt happen. just because you personally voted against it doesnt mean dutch people as a whole did.you might have iq around 100 but the collective iq of the dutch nation is somewhere in the room-temp range. not that israel is smart but unrealized gains tax requires unlocking levels of retardation previously thought to be inaccessible.
housing prices werent fucked enough so they wanted to up the prices more since houses are exempted from this and its basically asking for people to only invest in real estate
>>219284785yeah, I just realized this means all the rich people are just gonna buy houses so this just fucks the poor and the middle class even more
>>219284715again, how does it actually work in practice here? Is only over a certain amount? And how the fuck does it work if you gain like 100k in one year in unrealized gains, hold it rather than liquidating it, and the the next year you lose 120k? Are you forced to pay 36k in taxes after the first year and then the second year you just lost 120k of value in your assets? Are the tax man going to pay you back your 36k or have you now lost 120k of the value tied in your assets as well as lost 36k in pure cash to the tax man?
>>219284818apparently there is 2000 € threshold for the tax and you can carry all the losses towards next year gains (indefinetly I guess?)taxing unrealized gains will lead to situations where you are getting taxed for something that will never be true or might not be on paper true the next day so yeah...
Nothing that comes from Tikkieland makes any sense. This includes all D*tch and Fl*m*sh scum
>>219284895>apparently there is 2000 € threshold for the tax and you can carry all the losses towards next year gains (indefinetly I guess?)What if you don't get any gains the next year/years? Doesn't this just mean you just paid the tax man an ass ton of money for literally nothing?
they exempted real estate lol, which means that old money rich people and boomers are preserved while fucking over any entrepreneurial young person
>>219284588>Is saving for retirement illegal in your country?Yes, Our communist dictatorship takes between 19% and 30% of your savings each year.
>>2192848952000 a year is almost nothing. Even if you just have a modest savings of 50k in a retirement account, you’re almost always gonna be either having more gains than that or straight up losing money from a bad year.
>>219284588Wait, can’t they just move? I thought you guys have freedom of movement or something.
The amount of damage boomers have done to western society cannot be understated.
>>219285005I earned more than that annually as a teen buying random shitcoins. This is utterly fucking retarded, which means our government will probably push for this shit as well soon enough.
>>219284988>Yes, Our communist dictatorship takes between 19% and 30% of your savings each year.if you dont sell?>>219285005in Finland currently everything you sell is tax free until 1000€ and afterwards its 30% but yeah its not on unrealized...if its over 30k or something then its 34%. There is also special formulas that if you hold for long you can tax only 40% of everything oyu sold so say you would buy for 100k and gain 900k and would sell for 1 million it would be 400k taxed with 34% so 136k...I always thought that we are the ones with so much tax on capital gains but I guess not
>>219285054Freedom is an illusion dude
>>219285106Yeah, like social media ban and digital ID, soon other EU government will follow. It’s like they are following someone’s orders.
>>219284588It's not gonna pay itself :)
>>219285141>if you dont sell?I was talking about money, I know our commie government tax memecoins but I don't know the %
please understand we need more money for the great replacement
>>219285215so if you hold money on your bank account they tax it or are you talking about income tax?
>>219284783>unrealized gains tax requires unlocking levels of retardation previously thought to be inaccessible.They know that, but they will squeeze the sheckels from us in a way that would make the most shameless of kikes blush. Tax pressure in The Netherlands in the most the highest in the world, if not the highest soon.And bet your ass, if it will work, it will come to you soon. It probably will just lead to max tax evasion.
>>219284759Nobody voted for it.We used to have a savings tax on fictional gains. So you paid 1,2% over everything you owned on 1 jan the year before.Everybody was happy with it. Until some boomer went to court over it and won. And ever since this shitshow has been going on.I'm not sure if this law will truly go into effect, knowing what a shitshow it is.The funny thing is that business owners can just put their stocks in their business and they stop paying anything.But when it comes to saving for your retirement. That's an entirely different regime here. Here most employers pay your into your retirement so you don't really have to save yourself.
>>219285342>So you paid 1,2% over everything you owned on 1 jan the year beforewealth taxes are also retarded you should just scrap the whole concept
>>219285368The government assumed you had 4% gains. And you paid 30% taxes over it.And you didn't pay taxes over the first 50k you owned (or 100k with a partner).Most people who invested had more than 4% gains. So they were happy.Especially people who were into cryptos thought it was great.But people who didn't invest, and just sat on money like some old people do, went to court.
>>219285477You can also open a retirement savings account. Where you aren't taxed like this. But the problem is they invented a formula how much you can put into it. And I don't understand the formula lol. I tried calculating it with some tools, but I feel like I"m missing information.
>>219285477>>219285612every country should not tax anyone who is just trying to buy and hold for their savingsno one is gonna retire in the Netherlands at this point if they cannot even fund it themselves
>>21928565760% of all retirement savings in the EU are Dutch. As I said, employers pay into it. You don't have to save yourself.
>>219285688
>>219285709>>219285688I doubt this is gonna save you even though your system is a bit more better than for most countries (this chart you shows doesnt give the true picture)we have more pay as you go system but still for individuals you wont survive without saving yourself
>>219285657I agree they should scrape the tax on savings / ownership.And I think for a lot of people who think it's 'too complicated' it will lead to people not investing at all.Dutch people also invest a lot less often than Americans. Because everything here is done for you to such a large extend.Most employers save 8% of your yearly salary for a summer bonus so you can go on vacation.A lot of people also get a 13th month in december. Your retirement is taken care for you.But people aren't big spenders here. So they just.. sit on the money.
>>219285872The most common pension plan is that you receive the average salary you had during your career. Plus a very small amount from the government for every year you lived in the Netherlands.
>>219285688>employers pay into it. You don't have to save yourself.my employer does it too, but I still have my own portfolio to do more aggressive profiles. Is the netherlands full of NPCs who do what their employer and government says and don't deviate a millimeter?
>>219286006the main difference seems to be that the Netherlands have had 100% funded pension system for a long time whereas in many European countries the systems are only partially like that and its mostly working age people paying for current pensions
>>219286006>Is the netherlands full of NPCs who do what their employer and government says and don't deviate a millimeter?Yes. The employer union, employee union, the social economic council, ministeries and national bank and such basically decide the economic policies. And the people just sit back and do nothing.And politicians pass every failed law that passes them, without even considering alternatives.
This law was passed with the note that they will change it later, but they wanted to keep the taxes coming. Not even joking.
>>219286039On average pension funds are 129% funded.
>>219286133what I mean is the money the employer pays for your pensions is 100% put in the fund whereas in Finland I think its only 25%
>>219284588How do they propose you pay if you haven't even realized the gains?
>>219286353they just do
>>219286171My employer pays 18,3% of my income every year. But those are numbers employees don't even see, unless they look it up.
>>219284588I thought the dutch were money smart o algo>>219286085nothing more permanent than a temporal tax
>>219286408in Finland its 25% and then you pay 7,9% as well yourself and people think the payment is actually just 7,9%
>>219286408In 2024 it was apparently 22,7% they paid into my retirement savings.
>>219286408But it's 100% privately funded. Unlike in France, Germany and Belgium and on. Where tax payers pay for the pensions of others.Here the government only gives you the social minimum (1637 euro for singles). Which is barely enough to not starve in the Netherlands.
do europeans ever evade taxes ?? here pretty much everyone does, and even when they move to europe they still do so its not like impossible to do
>>219286585evade taxes on what and where in Europe? In Southern countries it might be more normal since you can get away with it more easily and is more normalizedbut here maybe as a business you can not count something and stuff but many get caught doing that and every year it gets harder
>>219286585Well, banks automatically inform the tax agency of your savings and investments. And your employer does your income taxes for you.So, it happens, but probably less than in many other countries.The punishment for illegal workers is also huge. A possible fine of up to 11k, prison sentence and 80% taxes over the estimated income. So if an employer has five Pole working here illegally for three years, the tax agency can just pull numbers out of their ass and tax the employer 80% over 50k income * 3 years * 5 people * 80% taxes = 600k in taxes.
>>219286821And then you have to prove what their actual income was. Otherwise the estimates of the tax agency will accepted. So you need some proper administration if you work illegally..
>>219286585if everything is tracked it’s hard to do tax evasion (it’s why every country is basically pushing for cashless transactions)
>>219286641>evade taxes on what and where in Europe?I pretty much did that successfully when I lived in Europe. Stocks, crypto, business gains, everything.
>>219286585Income taxes are automatic here so it's basically impossible unless you also work illegally and get paid illegally. And if you do that you don't a valid income which means you cannot sign any contracts (for rent, internet, cell plans etc). And even if you do get around all that and do work illegally, skip taxes and get away with it you will only be able to use cash because while small amounts might be overlooked, any sort of regular income on a bank account will get flagged by the tax agency. And since Sweden is basically a cash-free society you're fucked again.
>>219284666>green line go up? Gib me some of dat>green line go down? You keep all of datSimple ast. Politician
>>219286938Here you don't need to show your income for internet or phones or anything like that.We just have a debt register. If you don't pay debts, you get flagged. As long as you're not flagged as someone who doesn't pay, you're good.
>>219286926tell us your secret
>>219286982And you could go through your entire life without getting any form of debt.
>>219286982Not like that here. Basically anything that can put you in debt will require proof of income. Especially renting an apartment, you can completely forget that in Sweden without a valid income and/or proof of (legal) wealth.
>green line goes upGibs me say>red line goes downAll your losses, but make sure you still have enough money to pay your other taxes. Also btw pensions will be bankrupt before you're able to retire so I hope you are saving and investing your own money.
>>219287172Gibs me dat*
>>219287172We just passed a law that pensions are no longer pooled. And all existing pools have to be split up.Before boomers would eat up the pensions of young people. A lot of boomers retired early, some even with a 'last wage'-plan where you would keep receiving your last wage. That plan is illegal now.
>>219287256Some employers would also increase the wage of the boomer just before they retired, to increase their pension. Which is one of the reasons why it became illegal.
>>219287256Based. Are they company owned pensions or separate? There's always the worry of a company going bankrupt. In the USA, there are tax-free investment accounts called IRA and 401ks where you can put your own money into a retirement savings account/investment account separate from the government or your employer, and $7000-23000 of the contributions you don't pay income tax on, is it similar to that? I just don't trust the government or a company to handle my retirement money.
>>219287305Your employer pays for it yeah. But it depends on the business and sector where it's build up. But the national bank would transition your pension to another party if they aren't sustainable (something like less if they have less than 104% coverage over five years). But pension funds have 129% coverage on average.
>>219284588Not yet, but Reddit Normies try to get a wealth tax.
