Ryan Sean Adams
👤 SpeakerAppearances Over Time
Podcast Appearances
I wonder if we see that in the headlines in the roll-ups to come.
David, something else in the headlines.
Have you seen the wealth tax coming to the Netherlands?
Have you seen this?
I think I saw a rambling on it on Twitter, yes.
It's crazy.
So 36% tax on unrealized gains across basically all asset classes.
Oh, we're doing unrealized gains tax?
Yes, and 36%, okay?
That's insane, dude.
There's some exclusions if you're a small business, of course, but let's say you have 10K in crypto and one year, it's a great year for crypto, you have 10K in gains.
Well, you have to pay $3,600 of that
Which means you have to sell the crypto.
Yes.
Which is an intaxable event.
Exactly.
And whatever CoinGecko says the price is too, right?
Which could vary depending on your assets.
And essentially you have to kind of liquidate part of your holdings.
This is bad on so many levels.