Holy based!
if rich people run away from wealth taxes then why are those countries still full of rich people
does this also include a 36% tax cut on unrealized losses?
What is their highest income tax bracket? (in %, I don't care about the cutoff point in Dutch Dollars, Netherland Newpence whatever they use there.)
>>542238688Because they are running out of places to run. They entire world wants to tax them more. Only escape they have left are 2×2 mile islands in the middle of the pacific ocean.
So what do Dutch anons plan to do? Do you have a tax-free investment account like in the UK and US?
>>542238448I remember Yellen floating this. How the fuck do you implement this? It sounds like something else for people and corporations to exploit e.g. strategically using unrealized losses for write offs.
>>542238780Probably a future tax credit on unrealized loses.
You're simply not allowed to make it in this country
Best tax haven is the US, and this is where they will end up going is my guess.Swizerland used to be based, but is not the same anymore. You have Monaco, but that place basically has a waiting list, then you have tiny places like Luxembourg and Andorra, but they are not what they used to either. Some countries are better than others of course, but nothing like the US.I will bet a lot of them will set up companies in states like Florida, Wyoming, Nevada etc. No place on earth is better for rich people today than the US. If I had hundreds of millions or billions, I would have moved in a heart beat. Better weather too.
If you sell some to cover the unrealised gains tax bill do you get taxed again on the realised portion?
>>542238448Sounds like you better realize your gains
>>542238448Honestly? That's fair. Economically speaking 'unrealized' gains are still economic gains. Pay your share to the country that made you
>>542239125This is really grim man. Good news is it won't last long because all capital will flee your country.
>>542238784Highest tax bracket is 49.5%
>>542238448>>542238780>>542238994>>542239067>pump market>skim everyone's retirement for immediate cash>crab market for a year>brutal dump to incite panic>buy assets, re-pump>skim everyone's retirement againbrilliant.
>>542239868Thanks.Still immoral that wages can be taxed more.
>>542238448>got no cash>investments go up>you now have to pay money you don't have to the governmentbravo
Imagine you collect rare, shiny Pokémon cards.One day, you buy a special Charizard card from a friend for $10.A few months later, everyone goes crazy for that exact card. Your friends tell you, "Wow! That card is so rare now, someone would easily pay you $100 for it!"You haven't actually sold the card yet. It is still sitting safely in your binder. But on paper, you are $90 richer than before. That extra $90 is called an "unrealized gain"—it's imaginary money you could have if you decided to sell it.The government in the Netherlands passed a rule saying: "We see your Charizard card is worth more now. Even though you haven't sold it, and you don't actually have that extra $100 cash in your pocket, you must give us 36% of that imaginary $90 profit right now as a tax."Everyone started shouting because it didn't make any sense! People argued:No Real Cash: You don't have the cash to pay the government unless you desperately sell your favorite card.Prices Drop: What happens if you pay the tax, but next week everyone stops caring about Pokémon, and the card's value crashes back down to $10? You just gave away your real money for a fake profit!Because everyone complained about how unfair this was, the government realized it was a bad idea and started changing the rules so they wouldn't punish people just for holding onto things that went up in value.
>>542240295the state is bad idea
>>542238448>devalue your currency constantly so people are forced into the stock market to avoid their savings getting destroyed by inflation>add unrealized capital gains tax to those savingsI think the only appropriate course of action would be to overthrow the Dutch government tbqh
>>542238448>>542238940>>542239125Its fake you retards
>>5422408864chan never lies
So governments are now taxing people before paydayHot damn
>>542239769Are there equal deductions on unrealised losses?
>>542238448A tax on unrealized gains would crash the market way faster than people realize. It would turn everything into a short-term casino. Rich people would just turn everything into private businesses to avoid the stock market like the plague and value businesses the same as a basic one. The amount of corruption would be staggering. America had this issue before the 1980s tax law changes, rich people would write off assets more than the value of the assets. This is why those crazy high tax rates never turned into real tax money and the fed government has collected 15-20% of GDP for the last 80 years regardless of tax brackets. Simplifying the tax code made everything easier and reduced corruption, but this kind of unrealized gain tax is basically forcing people to give up parts of their own businesses every year to the government. I think everyone would just cheat the system like they did before.
>>542240873There is nothing wrong with devaluing the currency. What is wrong is forcing people to use it.
Why not just tax asset loans like those used by ultra wealthy CEOs as income?
>>542238448This is a giant leap towards ending usury and thus disabling the Jew.
>>542241964Main problems are 1) people will liquidate assets to pay taxes completely messing up the end of year stock market etc and 2) startups being exempt is an open invitation to evasion and kikery Also 3) the law has become politically toxic while 4) almost impossible to change due to banks requiring advance noticeIt's a real shitshow, and its about 50-50 to sink the cabinet, but OP is still a massive faggot for posting fake news
>>542238780Yes of course.They will also send you a blonde with big tits to suck your dick.
>>542238448
fucking retardedcould do a 5 percent tax on contriversal shit nobody agrees on but no that 10% gain is now a 6% gain goy
