This proposed law replaces the existing one, there's really no ambiguity about that.
In the current system you're taxed on a fictitious return on investment (e.g. a 30% tax on an assumed 4% return on investment gives you a 1.2% "net worth tax")
In the new system you're taxed on the "real" return, which includes paper gains. That's mainly a problem because you have to rapidly liquidate assets as they go up in value. While on the way down the government just gives you a voucher against to future taxes. For a limited time. And can't be used to offset income tax.
provoost / Sjors Provoost
npub1s6…dwk4c
2024-09-20 15:42:00
in reply to nevent1q…x9y3
Author Public Key
npub1s6z7hmmx2vud66f3utxd70qem8cwtggx0jgc7gh8pqwz2k8cltuqrdwk4cSeen on
wss://relay.damus.ioPublished at
2024-09-20 15:42:00Event JSON
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