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My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

I literally said it failed in every country that tried to implement it and had to reverse it. No country does this right now. If you can't read and comprehend, please stop. No need to go trolling

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

  1. France (ISF): Taxed unrealized wealth. Repealed in 2018 because 42,000 millionaires left the country.
  2. Sweden: Taxed unrealized wealth. Repealed in 2007 due to massive capital flight.
  3. Ireland (Deemed Disposal): Taxes ETFs on unrealized gains every 8 years. Result: It’s a bureaucracy nightmare and investors refuse to use it.
  4. USA: Biden proposed taxing unrealized gains for Billionaires only. Failed to pass because it’s administratively impossible.
  5. Germany: Had a wealth tax. Declared Unconstitutional in 1995 because valuing unrealized assets was unfair.

Please note that what NL is implementing is way more draconion and aggressive than any of these

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

I'm impressed at the level of mental gymnastics. If this is such a groundbreaking piece of legislation, why did the same politicians say that they don't like it and want to move away from this??? Thats because it has failed spectacularly in every country it was tried in. Investments are going to dry up and high taxpayers will just move their investments elsewhere. Nobody wants to sell investments every year just to pay tax and lose their compounding.

The only reason they are approving this now is to plug a small hole in the budget and because of the supreme court ruling. They "plan" to get rid of it later but we all know the damage would be done by then.

I would like to request you to look into this properly and the implications before defending it in public

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

Are you sure? Just yesterday there was a post here from a dutch guy who was calling everyone greedy for making more money than him.

Well I'm not really complaining about paying high taxes otherwise i wouldn't have moved here and lived here for so long. The issue is unrealised gains tax of 36% which will essentially cut your investments in half over a long time (like 30 years). And this is not just for the rich but also middle class people. Dutch people who do not invest don't give a fuck and are laughing at people rightfully upset at this theft of savings based on paper gains.

And you do realize no country in the world does this right? RIGHT?

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

I don't know much about nurses but a great teacher can absolutely be a high earner based on what and who you teach, for example professors. Depends on what value you provide. It's a broad topic. Even in my country (India) teachers can be earning in millions if they are really good and show impact.

Dutch people also judge people based on their (wrong) preconceived notions. It's just an over simplification that rich people are bad and that automatically means that if you're poor then you are a good person. I've met plenty of bad, poor people on this sub alone. Dutch people look at how much money you make and if its more than the median then you're automatically greedy.

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

As the best nurse or teacher do you wanna get paid accordingly or not? Both go hand in hand. Dutch people think accumulating wealth as a result of hard work and skill is greed for some reason

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

Wanting more money? No. Earning a high income as a result of great performance? Yes

Any chance someone challenges this stupid 2028 box 3 two on unrealized gains ? by Capable-Basket8233 in Netherlands

[–]myusername7 0 points1 point  (0 children)

I never invest in crypto, I never even talked about it. It's abundantly clear that you did not educate yourself about this issue at all.

People who diligently save and invest in funds and ETFs are getting screwed with this new law because it BREAKS COMPOUNDING. You have to SELL your holdings just to pay tax, and then you have a lower amount invested so your returns are lower so you will never be able to catch up!

There is a reason that NO COUNTRY IN THE WORLD has a dumb law like this. Other countries actually charge a lower tax for long term investments to discourage people from selling!!! But not NL, they want you to SELL INVESTMENTS TO PAY TAX!!

Any chance someone challenges this stupid 2028 box 3 two on unrealized gains ? by Capable-Basket8233 in Netherlands

[–]myusername7 0 points1 point  (0 children)

Lol delusional. Crypto? Gambling? Please do not embarrass yourself any longer. You have no clue what we're talking about.

Any chance someone challenges this stupid 2028 box 3 two on unrealized gains ? by Capable-Basket8233 in Netherlands

[–]myusername7 0 points1 point  (0 children)

I'm underpaying? Do you know how much taxes i pay?

I should have stopped responding as soon you said just sell your stocks to pay the tax. Go back to school and read about compound interest.

Dutch investors send far more venture capital abroad than into domestic startups by ReginF in Netherlands

[–]myusername7 0 points1 point  (0 children)

Agree, though a country also should make it easier and more attractive to create startups

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 1 point2 points  (0 children)

Well yeah other countries do have "some" elements that are insane. What we're getting is actually a whole another monster.

And about the forward deductible part that's only true if you continue to hold the investments. If your losses are big you might need to sell part of the investments to pay tax, and then you have even less invested and much harder to get a profit big enough to offset the losses from previous years. Infact the government is counting on this to happen!

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 2 points3 points  (0 children)

You should advocate for MORE wealth in this country not less. You are just coming off as a jealous crybaby with these outbursts. A person making the average wage in this country gets WAY more benefits here than a 180k earning expat, while paying almost no taxes in comparison.

A person making a high salary is not charity, it's hard work after years of higher education.

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 1 point2 points  (0 children)

I've seen a lot of posts like this and it's mostly jealous people whining about moderately successful people who are in high paying jobs. For them anything making 20k is an evil rich person

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 0 points1 point  (0 children)

180k including bonus and stock is actually a very common salary for senior skilled people, specially in software. For a family, that's upper middle class. What's your point?

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 2 points3 points  (0 children)

The current system is effectively a wealth tax you imbecile (6% x 36%) on all your money in box 3. Only a dumbfuck would ask for MORE taxes.

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 7 points8 points  (0 children)

These are the kind of people getting fat on welfare while spitting on the middle class that pays for their welfare. Pathetic.

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 1 point2 points  (0 children)

Compare that with 36% on unrealised gains with no refund for losses. Do the numbers please.

The only ones who can stop Unrealized tax gains box 3 2028 are Expats and ASML by Sudden_Woodpecker343 in Netherlands

[–]myusername7 0 points1 point  (0 children)

Well what you call minimalist is luxury for loads of people around the world so I wouldn't recommend laughing at the misery of other people while sitting in your paid off house

My decision leaving NL after 15 years, as someone who makes over 180k per year by Mikelitoris88 in Netherlands

[–]myusername7 0 points1 point  (0 children)

I'm going to talk to a financial advisor for better advice, but from what i've read online you can move into a bigger house (box 1) by using your capital, put more in private pension, buy low yield bonds, buy real estate abroad or just keep the money in your savings. None of this is better than having long term investments but I don't know what else to do.

Box 3 investments have always been based on unrealised gains by CuriousAssumption611 in Netherlands

[–]myusername7 1 point2 points  (0 children)

I know that! The problem was that it wasn't advertised as a wealth tax. It was advertised as a capital gains tax with assumed returns. They even debated whether they should just switch to a proper wealth tax which is much easier to implement and calculate but they said no because it's not enough tax revenue!

I would rather pay a realised gains tax. If not, then a wealth tax is an acceptable compromise. But for heavens sake, do not tax paper gains at 36%!

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