4 ms·
>Doing it every year would be infeasible. In the Netherlands, there is an asset tax. Your assets (money, stocks, bonds, etc.) over a certain threshold are taxe
by cr1895 8y ago
>Doing it every year would be infeasible.
In the Netherlands, there is an asset tax. Your assets (money, stocks, bonds, etc.) over a certain threshold are taxed 30% annually on an assumed investment gain of 4%, so effectively a 1.2% tax on everything over a threshold of a couple ten thousand euros.
I think the numbers are different this year, but nonetheless it certainly isn't infeasible.
Not that I'm a fan of it due to double taxation.
- shabda 8y agoHow is that fair? If in a bad year, your assets lose value, you are still paying a tax, that defies logic to me. Does NL have capital gains taxes in addition to this asset tax?
- cr1895 8y agoPersonally, I don't find it fair and in the past the 4% assumed gain is absurd. There is no capital gains tax.