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This is false. Pretty much all personal income is taxed, and definitively dividends. While it might be beneficial for the society to tax assets, any personal in
by sleepyhead 3y ago
This is false. Pretty much all personal income is taxed, and definitively dividends. While it might be beneficial for the society to tax assets, any personal income from those assets are taxed in most cases. There are ways to avoid it to a certain extend but if you want a 5 million euros from one of your companies you would pay tax on that. If you want a boat you could set up HireMyBoat Inc and then avoid paying taxes on that 5 mill to pay a boat but still use the boat for vacations (this might be illegal but very rarely enforced).
- heavyset_go 3y agoI didn't say personal income wasn't taxed, and I also put "income" in quotes because capital gains aren't taxed as income, and there are various schemes one can engage in to shield value from, or reduce, taxes like income tax.