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Still enough to have a good lil nest egg that generates okay-ish passive income if invested correctly. @ 4% that's €40k/year more than what most regular peopl
by edm0nd 11mo ago
Still enough to have a good lil nest egg that generates okay-ish passive income if invested correctly.
@ 4% that's €40k/year
more than what most regular people have
- kjkjadksj 11mo agoDoes he not have to pay taxes on that 1m euros in the eu?
- cntlzw 11mo agoAbsolutely. That is either "Teileinkünfteverfahren" (60% of 1 Million EUR are taxed, 40% are tax-exempt) or "Abgeltungssteuer" (Government takes a 25% cut). Fun fact: there is no tax on winning the lottery in Germany!
- mk89 11mo agoSure he does. He lives in Germany. They are gonna rip that 1 million apart.
- FuriouslyAdrift 11mo agoI guess top rate in Germany is 45%
- fhd2 11mo agoIf you live in the west, 47.5% even. But that's income tax, whether that applies here depends on how it's structured.
- vjerancrnjak 11mo agoSome countries have 0 rate if sold after x years. Although many had it in the past, they’ve started eliminating it.
- torginus 11mo agoAnd some countries have the opposite - they tax your invested gains as if you turned them to cash
- zwnow 11mo agoYou pretty much pay taxes on everything in the EU. In Germany there are ways you can reduce the total tax you have to pay and as far as I know you wont have to pay social security contributions on that. It'll still be 6 digit tax amount.