• 0 Posts
  • 4 Comments
Joined 3 months ago
cake
Cake day: August 12th, 2025

help-circle


  • Huh? It’s literally wealth tax. Your total wealth is taken in, then an assumed profit is calculated by taking a fixed percentage of wealth, to get the value of your tax. It’s approximately 2%. So if your total worth previous year was 1 million and now it is 1 million, you pay 2% of 1 million = 20’000 EUR tax.

    By comparison, Germany has “profits” tax. Whatever your wealth, if you haven’t sold anything in a year, you pay 0 tax. If you have sold something, then you pay a percentage of your “win” (difference between purchase price and sell price).