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Most Euro countries have capital gains tax rate that's mostly flat and significantly under 50%. By the time the progressive income tax rate starts to exceed the
by jusssi 4y ago
Most Euro countries have capital gains tax rate that's mostly flat and significantly under 50%. By the time the progressive income tax rate starts to exceed the near-flat capital gains tax rate, people start finding ways of converting their income to capital gains.
- zer0tonin 4y agoNot many people can actually do that no
- syrgian 4y agoGP must think the maximum tax rate is reached at 5 million euro a year. In most Euro countries you're at 45% (combining both social security and income tax) at around 50k/year. Or actually close to 60% taxed if you count the 33% paid by the company in social security tax that is somewhat hidden to the employee.
- jusssi 4y agoIn the well known tax haven where I live, Finland (sum of taxes and employee part of pension and other social security, 2020. YMMV due to municipalities setting different rates, deductions etc): 30% at 50k 40% at 100k 49.5% at 250k 52% at 500k 53.5% at 1000k I have these handy in a spreadsheet I use to calculate.. things. (Nope, not making enough yet for special arrangements to make sense. edit: aside from the commonly used tricks my current employer already provides) Capital gains is 30%-34%.
- yywwbbn 4y agohttps://en.m.wikipedia.org/wiki/Tax_rates_in_Europe#/media/File%3APayroll_and_income_tax_by_country.png https://en.m.wikipedia.org/wiki/Tax_rates_in_Europe#/media/F... The average in Belgium is around 45k, in Germany 47k, France is ~40k. So aside from Belgium if by close to 60% you actually mean close to 50% then yeah you’re right…