The richest 1% in the Netherlands pay relatively less tax than everyone else and their incomes have risen more sharply, according to new calculations by the government’s macro-economic forecasting agency CPB. Earlier research, based on figures from 2016, showed that people on the highest incomes pay less tax and the new figures, based on the period 2011 to 2019, paint a similar picture. The very richest, or 0.01% of the population, paid a tax rate of some 28%, well below the 40% paid by people with average incomes...
Capital gains taxes are only levied against the profit earned from investment, not the gross value returned to the stakeholder.
If someone buys a stock for $100, then later sells it for $150, only $50 is taxed. So the money that was “already taxed” by income taxes isn’t being double taxed at all, regardless of the rate of the capital gains tax.
Unless, of course, you count the fact that it was taxed as income by the person who gave it to you, in which case all money has been taxed numerous times before and the argument is that taxes in general are bad.
Yeah, I think in general people come up with veiled reasons for lower taxes but fundamentally it’s just because they don’t want to pay taxes at all.
I like taxes. I like having roads (though I want more public transportation), I like having firefighters and public parks and protected green spaces and…
Don’t get me wrong, I’d be glad for more money in my take-home, but in general I’m in favor of the things taxes pay for. I’d prefer to just be paid better.
Capital gains taxes are only levied against the profit earned from investment, not the gross value returned to the stakeholder.
If someone buys a stock for $100, then later sells it for $150, only $50 is taxed. So the money that was “already taxed” by income taxes isn’t being double taxed at all, regardless of the rate of the capital gains tax.
Unless, of course, you count the fact that it was taxed as income by the person who gave it to you, in which case all money has been taxed numerous times before and the argument is that taxes in general are bad.
Yeah, I think in general people come up with veiled reasons for lower taxes but fundamentally it’s just because they don’t want to pay taxes at all.
I like taxes. I like having roads (though I want more public transportation), I like having firefighters and public parks and protected green spaces and…
Yup.
Don’t get me wrong, I’d be glad for more money in my take-home, but in general I’m in favor of the things taxes pay for. I’d prefer to just be paid better.