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EU-funded report calls for wealth of super-rich to be taxed, not income
(www.theguardian.com)
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this post was submitted on 23 Oct 2023
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I know this is super lazy but if possible can you explain how this works in a sentence or two? Let's say I have 5 million invested in stocks.
5-3=2 then whatever is the percentage. Let's say 1%. That's 20k. You do your annual tax report and it will conclude you need to send 20k€ to the tax office. This in addition to any taxes you owe due to your earnings.
Thank you. I have more questions now but I should probably just ~~google~~ websearch it at this point.