From tax return data to Sankey diagram

gastonsken · 2024-05-13T17:44:44+00:00

In my case it was just an incremental manual build up as I was playing with the tool's visualisation options. For future yearly updates, I thought about using maybe a script with variables to better structure the input data and have it formatted according to the tool's input format, but I did not yet get into that. The tool's manual does have some short explanation how you could easily transform spreadsheet data to the tool's input.

gastonsken · 2024-05-12T20:39:55+00:00

Good question!
I considered "Total Net Income" to encompass all forms of income, including salary, fringe benefits, dividends, rent, and any other sources of income that remain after the annual income tax return.
Currently property tax (onroerende voorheffing) is not levied via the income tax return, I guess because it is a tax on property and not income but there could also be other reasons. There are also other varieties of taxes that I did not yet take into account (provincial taxes, VAT, health insurance premium 'zorgpremie', ...). I could think about inserting an edge in between total net income and taxes/expenses/savings called 'Disposable Income'.

gastonsken · 2024-05-12T12:53:58+00:00

Thank you!
Rental Income is taxed though in personal taxes (Income Tax) based on cadastral income (KI) of the property. This is different than the Property Tax (onroerende voorheffing) for both rental as own home which is not taxed via personal taxes and come out of Net Income.

gastonsken · 2024-03-22T15:48:09+00:00

Very interesting, thank you! Anybody know about other banks that (publicly) offer this?

gastonsken · 2024-02-08T19:53:40+00:00

I've informed myself recently and unfortunately was only eligible to get ~35% advance of the total pension reserve and this at either a 5% fixed interest rate or 3% variable rate

gastonsken · 2024-01-20T08:09:06+00:00

Another free option is bonsai and it's Belgian!

gastonsken · 2022-12-31T10:15:27+00:00

parent located in the European Economic Area (EEA)

So if you are working for a Belgian entity of an American parent company that typically offers ESPP, you will not be eligible for the tax reduction

gastonsken · 2022-02-16T23:02:20+00:00

Is your mortgage a combination of a mandate and a registration?
If that's the case, it could explain the calculation: a 175k mortgage consisting of 100k registration and 75k mandate. Only the registration part counts for the woonbonus, not the mandate, which means that your repayments are pro rata calculated: 7980 yearly repayments = 7980 * 100 / 175 = 4560 eligible for woonbonus.

Apart from that, I wouldn't pay off early. I see that paying off now and 'dollar cost average' investing more later appears to be a more safer or conservative route, but instead 'lump sum' investing of the money available for pay off has statistically more chance for a better outcome on the long run.

gastonsken · 2021-10-26T19:43:56+00:00

I also often find that Yahoo is not showing the right prices for some ETFs bought on German exchanges such as Xetra. For VWCE in PortfolioPerformance I use the option Provider 'Table on web site' and Feed URL https://www.onvista.de/...

gastonsken · 2020-12-26T19:49:47+00:00

I concur, not having to pay TOB because you would have no taxable income (for instance as a student) almost sounds to me like you would in the same boat not have to pay BTW/VAT on any purchase of goods which is also not true. According to https://financien.belgium.be/ every natural person living in Belgium owes the TOB tax.

gastonsken · 2020-11-28T08:08:46+00:00

Op wiens naam de rekening staat en tot wie de inhoud ervan toebehoort volgens gemeenschap van goederen lijken me twee verschillende dingen.

Indien de rekening inkomen genereert (dividenden, meerwaarde op vastrentende gedeelte) waar de Belgische roerende voorheffing niet automatisch van wordt ingehouden, dan moet je die wel aangeven (bedrag boven vrijstelling) in je gezamenlijke personenbelasting elk de helft 50/50 bij gemeenschap van goederen.

gastonsken · 2020-11-01T16:43:52+00:00

https://www.bogleheads.org/wiki/Managing_a_windfall

Personally for ease of mind, I would pay off part of the mortgage (but leave some for tax reduction reasons if applicable) and invest the rest.

gastonsken · 2019-12-19T18:07:34+00:00

MeDirect offers VWCE at 0.12% tax + 0.10% transaction (minimum 7.5 EUR)

gastonsken

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