Pour one out for our Dutch colleagues 😔

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This is great news!

likefunny

Idk, I guess we’ll find out!

Here’s a thought: maybe the government of the Netherlands can simply stop spending money. Or maybe ask the king and queen to pay for any budgetary shortfall because, like some European countries, they still have Royals.

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As insane as the Republican Party has become, this is exactly why I can’t bring myself to take the other side seriously either.

likefunny

Let me try...

As insane as the Democrat Party has become, this is exactly why I can't bring myself to take the other side seriously either.

Yes! It works both ways!!

Will they give tax breaks for unrealized losses?

likehelpful

At least there is that but still seems very punitive and will make people sell to pay taxes or move investments elsewhere.

likefunny

It’s dumb
But there are a lot of broke governments out there and this may signal more dumb actions by those governments

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That’s insane

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Tax the rich.

likefunny

I’m glad we found common ground! Have a wonderful day, friend!

“Under the old system, the government applied a fictitious rate of return to all Box 3 assets and taxed that assumed income, regardless of what the investor actually earned. The new law replaces this system with a tax on actual returns at a flat 36% rate.”

I dunno - their old system seems pretty nuts.

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Both are insane for trying to tax unrealized gains.

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So what happens when their portfolios lose value? Do they get their money back?

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ITT - Americans who aren’t wealthy

This reminds me of how California has taxes NFL players who played in this year year’s Super Bowl.

The House is just one part of becoming a law, like in the USA.

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