4 ms·
You can even chose to pay 0.375% on your assets p/a, instead of the capital gains tax. Pretty good. But you’re exaggerating the income tax situation. ~60% is th
by ptr 5y ago
You can even chose to pay 0.375% on your assets p/a, instead of the capital gains tax. Pretty good.
But you’re exaggerating the income tax situation. ~60% is the marginal tax rate, you only pay that for a part of your income over a certain level.
- sokoloff 5y agoCan you choose year by year? I’d think most years 37.5bps on assets would be way cheaper than capital gains, but in a down year, you might choose to pay capital gains. (Or you could “bunch” realized gains into every other or every third year and take the wealth tax option only that year.)
- ptr 5y agoIt’s a special kind of account, you can sell everything and withdraw the proceeds, then buy new assets outside that account. So you can choose, but not retroactively (unfortunately!)