Quote from: LoyceV on December 30, 2024, 08:19:38 PM

Quote from: bitserve on December 30, 2024, 07:26:52 PM

Quote from: LoyceV on December 30, 2024, 04:30:42 PM

Quote from: psycodad on December 30, 2024, 03:45:57 PM

Our tax admin takes the average over the whole year, so that tiny dippity-doo doesn't really help.
Then again it's a low 0.x percentage wealth tax and I really don't care about that (meaning, from my tax perspective, it can go up anytime).

Here's it's 2.1168% next year, based on your tally on the 1st of January. The Dutch Central Bank often advises not to invest in Bitcoin, but if you do, they take a larger cut each year.

Here (Spain) it is 1.7% above 3M€ to 5M€, 2.1% 5M-10M and 3.5% for anything above 10M.

Lol. Here, the threshold is 57k€. No millions, just 57k.

Yearly 2.1168% from anything above 57K Net worth? Including in it all owned real state, stocks, cars, bank accounts, deposits, bitcoin, etc etc with no exceptions nor reductions? Huh

If that's the case it's totally crazy....

Quote from: bitserve on December 30, 2024, 07:33:51 PM

Lucky you on the "no capital gains tax". We do, currently, ALSO (in addition to wealth tax) have an up to 29% capital gains tax for gains above 300K€ (and it is not MUCH better for lower amounts either... as it starts at 21%)

I guess it depends on how high your wealth tax is. Here, they made a mess out of the tax, and now they're mostly raising it while trying to create a new system. The gains tax is 36% on some sort of flat rate assumed gain. It's a weird system Tongue

Depending on how long you're HODLing, a 29% one-time tax can be better than an annual tax.
[/quote]

Well... I thought Spanish taxes were bad... now I see it could be even worse... sorry Sad

bitserve

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