🧙‍♂️ @isicyr - Twitter Profile

isicyr retweeted

7 months ago

The Dutch government is destroying long term compounding by introducing a 36% tax on unrealized gains. As a Dutch citizen and long term investor, I’m at a loss for words about the lack of vision behind this new tax. I normally don’t post anything politically related, but what our government is planning to do is disastrous for long term investors. This is the sad truth. Most people here start investing to protect themselves against inflation and ever rising pension ages. They’re trying to put hard earned money to work, hoping they can retire before the age of 71. And they had a real shot at that before this bill. If you started at 25 with €10,000 and contributed €1,000 every month, you could compound to €3,320,000 over 40 years. If you lived prudently, you could retire early and live off it for the rest of your life. With the new capital tax? After 40 years of compounding, you’d end up at €1,885,000. That’s a €1,435,000 difference. This tax denies generations the chance of early retirement, punishes those who take risks, and introduces severe liquidity issues for people who have been compounding successfully for years. And to what end? To fill a €2.4 billion tax hole. I’m beyond words. If you’re Dutch like me, please share this visual with fellow investors to increase awareness. Hopefully we can make our politicians understand the severity of this tax, and the breadth and depth of its destructive implications. ~ Jan

InvestingVisual's tweet photo. The Dutch government is destroying long term compounding by introducing a 36% tax on unrealized gains.

As a Dutch citizen and long term investor, I’m at a loss for words about the lack of vision behind this new tax. I normally don’t post anything politically related, but what our government is planning to do is disastrous for long term investors.

This is the sad truth.

Most people here start investing to protect themselves against inflation and ever rising pension ages. They’re trying to put hard earned money to work, hoping they can retire before the age of 71. And they had a real shot at that before this bill.

If you started at 25 with €10,000 and contributed €1,000 every month, you could compound to €3,320,000 over 40 years. If you lived prudently, you could retire early and live off it for the rest of your life.

With the new capital tax? After 40 years of compounding, you’d end up at €1,885,000. That’s a €1,435,000 difference.

This tax denies generations the chance of early retirement, punishes those who take risks, and introduces severe liquidity issues for people who have been compounding successfully for years. And to what end? To fill a €2.4 billion tax hole.

I’m beyond words.

If you’re Dutch like me, please share this visual with fellow investors to increase awareness.

Hopefully we can make our politicians understand the severity of this tax, and the breadth and depth of its destructive implications.

~ Jan

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isicyr retweeted

tobi lutke

@tobi

7 months ago

This is the dumbest thing any government on planet earth is pursuing right now. And that’s saying something.

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isicyr retweeted

//Bitcoin 𝕵ack 🐐

@bitcoinjack

7 months ago

The crazy part of the Dutch unrealized gains tax for 2028? They are also working on an exit, which may come sooner than 2028, that in current proposals will charge you taxes for an additional 5 years if you decide to leave Fiscal prison, broad scale government looting Crazy

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🧙‍♂️ @isicyr

7 months ago

+set pension age to 72 +make it impossible to retire on your own =you will be a slave.

The Spectator Index

@spectatorindex

7 months ago

BREAKING: 🇳🇱 Netherlands House of Representatives approves 36% tax on unrealized capital gains in stocks, crypto and bonds.

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🧙‍♂️ @isicyr

7 months ago

de partijen die dit willen doorzetten schieten alleen zichzelf in de voet, volgende verkiezingen gaat iedereen stemmen op degene die dit weer afschrapt

The Spectator Index

@spectatorindex

7 months ago

BREAKING: 🇳🇱 Netherlands House of Representatives approves 36% tax on unrealized capital gains in stocks, crypto and bonds.

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