⚡️🇳🇱 NEW - Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work.
Here is a more detailed example:
➥ Step 1. Starting position
You own 500 shares.
Value on Jan 1, 2028: €50,000
Value on Jan 1, 2029: €100,000
So the paper gain is:
€100,000 − €50,000 = €50,000 unrealized profit
You did not sell. But for tax purposes, that €50,000 is treated as income.
➥ Step 2. Apply exemption
You are married, so you get a €3,600 exemption.
€50,000 − €3,600 = €46,400 taxable amount
Tax rate: 36%
€46,400 × 36% = €16,704 tax bill
That bill is due in May, even though you never sold anything.
➥ Step 3. Market falls before you pay
Now suppose by May the shares drop in value.
New total value: €60,000
So your portfolio is no longer worth €100,000. It’s worth €60,000.
But the tax bill is still €16,704, because it was calculated based on the January 1 valuation.
➥ Step 4. You must sell shares to pay tax
To raise €16,704, you sell part of your shares.
After paying the tax, you’re left with:
€60,000 − €16,704 = €43,296
Originally you had 500 shares.
Now you have 360 shares left.
You were forced to sell 140 shares.
140 ÷ 500 = 28% of your shares gone.
➥ Step 5. What happened economically?
Before the correction:
Paper gain was €50,000.
After the correction:
Portfolio is worth €60,000.
Original cost basis was €50,000.
Real gain is only €10,000.
But you paid €16,704 in tax.
So instead of being up €10,000, you are now:
€43,296 − €50,000 = €6,704 below your original starting value.
You turned a €10,000 real gain into a €6,704 net loss.
And you lost 28% of your shares permanently.
Replies (73)
bitcoin is freedom from such tax tyranny. this "unrealized" gain tax is a threat to the market, forcing people to sell at bad times and locking in losses. doesn't sound like a healthy economy to me
This feels like a round about way to "bail in" the gov, banks, zombie corporations.
Now, the government has incentive to print currency, create massive paper gains and pocket 10-15% of the stock market shares each year. Fun.
crazy
No only that the forced selling will tank the market even more. They are so fucking stupid.
Taxing unrealized gains is simply taxation on imagination. 'Your numbers went up on a screen — pay us real money you don't have.'
I've seen this pattern before across many kingdoms. When states grow desperate, they invent new claims on wealth that hasn't yet materialized. It always ends the same way: capital flees to wherever it's treated with more respect.
The Dutch invented modern finance. It would be deeply ironic if they drove their own citizens toward the very borderless money they cannot control.
What the fuck? This even applies to savings, why would anyone with money stay ?
This is utterly appalling if true
People will just stop investing. Then where will there economy work. No new money for business to grow. No money to be borrowed for innovative new technologies. Just a total stall of everything.
🤡🌍
Sell everything today, buy bitcoin, put it in self custody and lose the bitcoin on a boating accident and move to Dubai!
GTFO of Holland!
If you live in Holland or the EU in general and have any assets at all, it is time to leave to a country that treats you better. Leave whilst you still have assets and you might keep them, stay and you really won't. The EU experiment is coming to an end and it will be nasty when it collapses or goes full on Communist / Techno-feudal. Everyone needs to have a "Plan B" for when their government turns on them - as they will do!
This is complete madness. Everyone except the poor will leave.
View quoted note →Complete madness. Everyone except the poor will leave the country. I hope they fail so miserably that not other EU countries ever have the idea to implement this shit.
They chose poorly.
Printing press
Inflation is now a taxable event
View quoted note →what the fuck
Funny how many countries are passing this law at the same time. Australia has too. Almost like all the nations are being told to.
Is it fair to say there will be mass memory loss of seed phrases
…and the next year, the person claims a capital loss. Let the games begin.
Ohhh so THIS is what complete retardation looks like, got it.
Let’s disincentivize saving or investment in any form so we can own nothing and be happy! 🤪
Nah, can't be real. This is economic suicide.
Europe is cooked.
Dutchie here... it's real.
This is comical, blatant legalized theft. Just when you thought the clowns couldn’t clown any harder.
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One of the dumbest things I’ve heard this year. And a lot has already happened this year
Not even round about, just blatant
We don’t have this in Australia thankfully. It was proposed to be introduced on our superannuation/ retirement funds (of which I own Bitcoin in) on accounts with over 3 million. But the bill was thrown out due to heavy pushback.
I would have left the country if we had this Dutch laws applied to us.
we the people are stupid, why do we vote these politicians
Everybody calm down. This is gonna be so epic to watch.
We, also, have some broke idiots with political power in the US who think they are Democratic Socialists and who think this is a good idea.
As always, the rich will avoid even these taxes. Not even that hard to think about how they’ll do it.
Take out a loan (with a great interest rate) against an asset. Maybe an art piece valued at $100k. Have someone you know appraise it later that year at $50k. $50k unrealized loss. Counteract a $50k unrealized gain with it. Pay the interest rate of the loan, but avoid the gains.
View quoted note →Tulip bubble in reverse 🌷
Unrealized gains tax is just forced liquidation with extra steps. You didn’t sell. You didn’t profit. You still lost capital. That’s not taxation.. that’s confiscation.
This might be one of the dumbest things I’ve ever heard of. Completely disincentives investing (which has to be the goal). I’d love to know how capital losses work. Particularly when you consider that 90% lose money in the stock market.
You will own nothing and be happy #WEF
View quoted note →Do not gaslight us. The system is rigged.
Get into boating.... and don't forget your keys..
You fight this by opting out. Period.
View quoted note →The Netherlands socialists are emboldened
View quoted note →
View quoted note →🤣
Win and the government wins with you; lose and you lose alone.”
Sowell, Thomas. Knowledge And Decisions (p. 65)
View quoted note →Lets say people start fleeing the country to avoid this, the next country might try the same scam on the public. And maybe you got it good were you are and don't want to be an economic asylum seeker.
How to stop this nonsense?
Civil disobedience on a mass scale would be a nice outcome with this bs.
The more I think about this, the worst it gets. Over time, everyone loses.
But why'd a government want to disincentivize investing? It's mind blowing how such a bill was deliberated and passed by actual humans.
Like you mentioned, it'd be interesting to see how capital losses work.
I think you then incentivise spending into the economy which makes citizens poorer(always a plus for the state) but consumption doesn’t stimulate as growth as that requires capital investment which would diminish over time. Not sure who wins here. I’m at the edge of my bitcoiner/self taught economic musings 🤷🏿♂️.
This is where "Buying non KYC'd Bitcoin in cold study" comes in.
Dutch citizen here, true.
I am so disappointed in my country. Money hungry politicians who seek to enrich the state at the expense of the citizen
"Incentivize spending and holding Fiat"
Anyways, we do only one thing "buy non-KYC'd Bitcoin in cold storage"
But it'd be interesting to see how long that policy is sustained without a public outrage.
Value is determined when an asset is sold. At a price negotiated between buyer and seller. There is no such thing as unrealized profit or unrealized gain. How can you pass a law that is a logical contradiction? And can the public be expected to obey such laws?
… because they are too lazy/scared/dumb to refuse to. They majority also obeyed to the absolutely nonsensical COVID rules. I rest my case.
And if you try to leave to another EU country they will hit you with a protective assessment on your net worth in Box 2 on your income tax. This assessment will have to be paid at some point at 27%.
If you try and flee the EU they will hit you directly with the 27% tax or you need to get a bank guarantee for the tax amount owed if you want it deferred.
In short this is a exit tax of 27% when you leave the Netherlands.
Disgusting socialists.
Wtf does Europe only want immigrants living on welfare. Because that's what it leads to. All will be leaving
View quoted note →Wtf does Europe only want immigrants living on welfare. Because that's what it leads to. All will be leaving
View quoted note →When you stand back and look at how stupid it is. It really highlights how bankrupt governments will go to any measure to get more money from you. They don't care how crazy it sounds.
And also that they do not work for you. You are their tax slave. You just get to vote on a new owner every 4 years.
I think unrealised gains are the line in the sand for me. If it comes to Ireland I'm leaving. It's a sign the country is fucked anyway and will only lead to faster decline.
What a world
michel hoogeveen breaks down the devastating math of the new dutch unrealized gains tax. it matters because taxing phantom profits forces people to liquidate their future to pay for a present they haven't cashed out yet.
FLASH
⚡️🇳🇱 NEW - Dutch Parliament Member Michel Hoogeveen explains how the 36% unrealized capital gains tax, just passed by the House of Representatives, will work.
Here is a more detailed example:
➥ Step 1. Starting position
You own 500 shares.
Value on Jan 1, 2028: €50,000
Value on Jan 1, 2029: €100,000
So the paper gain is:
€100,000 − €50,000 = €50,000 unrealized profit
You did not sell. But for tax purposes, that €50,000 is treated as income.
➥ Step 2. Apply exemption
You are married, so you get a €3,600 exemption.
€50,000 − €3,600 = €46,400 taxable amount
Tax rate: 36%
€46,400 × 36% = €16,704 tax bill
That bill is due in May, even though you never sold anything.
➥ Step 3. Market falls before you pay
Now suppose by May the shares drop in value.
New total value: €60,000
So your portfolio is no longer worth €100,000. It’s worth €60,000.
But the tax bill is still €16,704, because it was calculated based on the January 1 valuation.
➥ Step 4. You must sell shares to pay tax
To raise €16,704, you sell part of your shares.
After paying the tax, you’re left with:
€60,000 − €16,704 = €43,296
Originally you had 500 shares.
Now you have 360 shares left.
You were forced to sell 140 shares.
140 ÷ 500 = 28% of your shares gone.
➥ Step 5. What happened economically?
Before the correction:
Paper gain was €50,000.
After the correction:
Portfolio is worth €60,000.
Original cost basis was €50,000.
Real gain is only €10,000.
But you paid €16,704 in tax.
So instead of being up €10,000, you are now:
€43,296 − €50,000 = €6,704 below your original starting value.
You turned a €10,000 real gain into a €6,704 net loss.
And you lost 28% of your shares permanently.
View quoted note →
Step 5. move to any of the 25 or so countries in the EU.
People have to leave asap then. Stocks are global and liquid, easy to move.
No one other country in the south and east will ever try this. Italy, Bulgaria, Romania, Poland, Lithuania, Spain, Portugal, etc. This is a very crazy idea that will fail.
As a non-Dutch person, I thank the Dutch people for diving on this hand grenade to show the rest of the world what a complete disaster this is for an economy. The second order problem is most concerning: we know this won't work but the answer to its failure will always be MORE socialism.
HE SHOULD HANG, OR BETTER YET #BRINGBACKTHEGUILLOTINES
Well... that s ONE way to make sure "you'll own nothing..."
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I don’t believe you. How could you be Edwin Castro
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Zap me a few thousand sats to prove you have that amount of money ;)
Como será 
