re: Netherlands House passes 36% tax on UNREALIZED GAINS!

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Sure. But this doesn't exist in the U.S

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Yet…

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That won't happen though so it's silly to even discuss

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Why do you Liberals live with your heads in the sand? This was discussed here during the last Administration.

These same WEF style tactics are being applied throughout the western world.

Just because it’s not here YET, doesn’t mean that you should pretend that it’ll never happen here. That’s how you wind up in a boxcar.

Buy property in Dubai. The entire upper middle class of Europe will be moving there.

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Just because it’s not here YET, doesn’t mean that you should pretend that it’ll never happen here. That’s how you wind up in a boxcar.

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Sure

Which is why I don't like the trend of expanding executive power that goes all the way back to the GWB administration

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Here’s what I’ve never understood when I’ve heard these proposals before. Are they going to give you a 36% tax credit on unrealized losses? When the market has a shite year, is the Dutch government going to have to come up with money for everyone?

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There’s going to have to be a program to calculate this every year. There’s going to be years where tax payers SHOULD receive a tax credit for unrealized losses, but then will probably pay it back with the gains tax the next year.

Long term, this is a terrible idea. If you have $100k in an account, with 30% gains ($30k), then you’d have a $10,800 tax bill (36%) on the gains in year 1. This should realize those $30k gains. Then in year 2, you won’t have nowhere close to the unrealized gains anymore, so your unrealized gains tax would be negligible (compared to year 1).

So this essentially provides a tax revenue boost in year 1, for the government to essentially waste, but a much lower tax revenue amount in future years as most have already paid taxes on the majority of those gains.

Am I understanding this correctly?

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Corrupt government run by leftist filth will also steal your land

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Well, it is stolen.

It’s not going to pass. Still, it’s disturbing.

And capital will flow right out of Dutchiestan.

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My ole pawpaw said don't keep your money in a 401k

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My guess is that Papa did not pass generational wealth down to the kids. Perhaps 40 acres and a mule?

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And with that, anyone who can move out of the Netherlands will do so.

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Are you so naive that you don’t understand that that is EXACTLY the goal

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The communists need to spread their misery to every corner of the globe so people who are free can't turn and laugh at the idiots who try it.

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If you can’t pay the tax on your unrealized capital gains, how do you think they will get their money? They will seize your property and sell it. PS- very few of us can absorb having to pay unrealized capital gains taxes at 36% on our properties and retirement funds every year. This is Agenda 2030- you will own nothing and be happy.

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You people put too much emphasis on government and forget about their partners. People will sell so they have the money to pay the taxes. The only people will the money to buy it will be the global elites. This tax is just another scheme for the rich to get richer and the government gets a little extra money to steal on the side.