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| ▲ | cntlzw 6 hours ago | parent | next [-] |
| Absolutely. That is either "Teileinkünfteverfahren" (60% of 1 Million EUR are taxed, 40% are tax-exempt) or "Abgeltungssteuer" (Government takes a 25% cut). Fun fact: there is no tax on winning the lottery in Germany! |
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| ▲ | batisteo 5 hours ago | parent [-] | | Loto is well-known (in France) as the poors' taxes | | |
| ▲ | rmoriz 5 hours ago | parent [-] | | Only if you lose (not win) :) (irrelevant side node: poker is treated as skill based game in Germany, hence you have to pay taxes on wins) |
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| ▲ | vjerancrnjak 6 hours ago | parent | prev | next [-] |
| Some countries have 0 rate if sold after x years. Although many had it in the past, they’ve started eliminating it. |
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| ▲ | torginus 5 hours ago | parent [-] | | And some countries have the opposite - they tax your invested gains as if you turned them to cash |
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| ▲ | FuriouslyAdrift 6 hours ago | parent | prev | next [-] |
| I guess top rate in Germany is 45% |
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| ▲ | fhd2 5 hours ago | parent [-] | | If you live in the west, 47.5% even. But that's income tax, whether that applies here depends on how it's structured. |
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| ▲ | mk89 6 hours ago | parent | prev | next [-] |
| Sure he does. He lives in Germany. They are gonna rip that 1 million apart. |
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| ▲ | zwnow 6 hours ago | parent | prev [-] |
| You pretty much pay taxes on everything in the EU. In Germany there are ways you can reduce the total tax you have to pay and as far as I know you wont have to pay social security contributions on that. It'll still be 6 digit tax amount. |
