Oddbean new post about login | logout USA is about to catch up as well. Watch this nostr:note14kxceu5z3ak8t658csg9rff3m5wfzqattgn63627adnyvpj4kvas3ec7y5
Man, I hope not. Seeing my tax breakdown this past year is already depressing enough.
Yeah man I know! I’m just glad that I’m poor and don’t pay taxes now
Jokes on me. I pay taxes and I am poor now.
It's not 50% lol
I guess it’s a total then ? Right ?
It's 50% of the gain is taxable at your marginal tax rate For most people they will pay about 17.5% in total
Italy has an obscene 27% on investments returns and an abhorrent 43% income tax for +50k salaries. Plus VAT plus excises Plus customs duties Plus succession tax Plus a bunch of other extorsions.
the more i hear this the more i think my country rocks: Here for income tax they say "each region, you make up your own value" So guess what? competition happens, low areas attract millionaires keeping general tax rate super low in comparison... and yet we all feel rich... that is how it should work i KNOW some Bitcoiners will say ALL tax is theft but if you are realistic the majority are happy to pay a little if they feel THIS rich! lol
I'll say something slightly controversial: I will start saying that all taxes are theft, at least in principle because there is no willingness into the taxpayers and obviously behind the "request" there is a threat of violence. This said, we are at a point in Laffer's curve where the fiscal revenue is at a maximum but also the tax rate is at one of the highest in history (for us Italians). Services that a state should provided, are not provided in an acceptable manner, lacking both in quality and in coverage. Something is gonna break soon. I believe that if the fiscal pressure was lesser and the services better provided, people would pay taxes more willingly, even if it's a forced transaction. But, in a Keynesian economy like the EU's where spending and debt are more important than guarantee a future to the citizens,this minarchic scheme cannot exist. https://image.nostr.build/72f30900732b630c059ceb7da5c408628245f4f0c16632180ecfc0e1c4007709.jpge
The fact it is forced, even in Switzerland, is an issue, however not paying is not a criminal offense like in e.g. Germany. The cantonal system works well, each canton determines how little or how much tax is deemed ok. And then the citizens can choose where to go to pay it. Now all it takes is someone with balls to create a zero-tax canton!! You sound like you would like to attempt that!!
lol in Italy there is no greater offense than evading taxes, murder excluded. I'd be down to live in a country with no taxes and all services are on an opt-in system.
Oh man ! So much being robbed by govt
zero here, motherfuckers. ZERO!! That is what the land at the head of the fiat pyramid says is needed. Your investment, YOUR gain. They WILL tax wealth which is FINE and at 0.015% - peanuts I love the way i can say motherfuckers and nobody can ban me from anything. Nostr might turn me into a potty-mouth!! ahaha
No capital gain taxes in Switzerland?
Nope, no capital gains, doesn't matter if held short or long term.
exactly - and that is how it should be all over the world. You tax my money ONCE, any gains on the use of MY money are MY gains. Keep your hands OFF. Germany does a half-hearted thing of "don't touch it one year, it's yours" Yeah right, how are we to know which sats are a year old and which aren't - we aren't living in an Inscriptions made-up universe!