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How does this fictitious gain tax interact with the non-fictitious capital gains tax? In other words, if I were a rich man, and invested my assets gaining 5% as
by tetromino_ 3y ago
How does this fictitious gain tax interact with the non-fictitious capital gains tax? In other words, if I were a rich man, and invested my assets gaining 5% as opposed to keeping them in a Scrooge McDuck vault, would I be taxed at 30% of fictitious 6% + 30% of real 5% i.e. effectively at 66% of my capital gains, or only at the "fictitious" income, or only at the real capital gains?
- j4yav 3y agoThere’s no real capital gains. You’d always be taxed the fictitious amount, whether or not you made more or less, or even lost money. But they are planning to change it because it was unfair to people who just put their wealth in their checking account and were being taxed as if they invested it.
- Pepe1vo 3y agoNo, your actual gain in capital would not be taxed. The only thing that is being taxed is the "fictitious" gain on the monetary value of your capital at a certain date (peildatum). Everyone agrees that this system is dumb as shit, but our tax department is too incompetent to implement a sane capital gain tax like they have in, for example. Australia.