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BI NOW GAY LATER posted:If you dont own a home and are single, our t axes are p straight fwd tbh I'm also given to understand that you do not have to pay taxes on any capital gains made from selling stocks/funds, because otherwise some of the financial independance calculations I've seen don't make sense. (I also tried to use those while applying German tax rates, not including social security contributions, and now I longer intend to save because it is mathematically impossible for me to retire at below 50.  )
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Feb 23, 2017 16:27
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The only thing remotely complicated about my taxes is that I my contract work for TV generates additional w-2s and some 1099 freelance stuff I do occasionally. Otherwise it's pretty simple. i owe the feds $32 this year  Randler posted:I'm also given to understand that you do not have to pay taxes on any capital gains made from selling stocks/funds, because otherwise some of the financial independance calculations I've seen don't make sense. typically no. though those are again, not things the typical person would ever even deal with.
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Feb 23, 2017 16:28
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BI NOW GAY LATER posted:typically no. And here I thought the limits you have for the estate tax were ridiculous. But no taxes on capital gains upon share disposals? Wow.
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Feb 23, 2017 16:30
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Randler posted:And here I thought the limits you have for the estate tax were ridiculous. But no taxes on capital gains upon share disposals? Wow. 
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Feb 23, 2017 16:31
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To be fair, up until a few years ago capital gains realized by share disposals were not taxed as long as the shares were a) held for longer than 5 years and b) held by a human in his private stash (i.e. not a super-rich guy who is basically doing full-blown asset management for himself). Reading up the changes of German taxation and social security systems since the mid-90s is basically an object lesson in learning to hate Boomers and the advantages they had. And should Schulz really win the next election, I'm sure he will expand the social safety net again but everybody under 35 will not be able to profit from it and when the now <35 year olds get to the age where they need those safety nets, there will have been a change in policy again and they get dick all despite previously having funded the previous generation.
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Feb 23, 2017 16:34
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Randler posted:To be fair, up until a few years ago capital gains realized by share disposals were not taxed as long as the shares were a) held for longer than 5 years and b) held by a human in his private stash (i.e. not a super-rich guy who is basically doing full-blown asset management for himself). Yeah I should be clearer they are taxed, but there's like a billion ways around it and it depends on your tax bracket what the rate is etc etc.' Short-term gains are taxes as ordinary income.
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Feb 23, 2017 16:36
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Randler posted:And here I thought the limits you have for the estate tax were ridiculous. But no taxes on capital gains upon share disposals? Wow. the whole point of america is to prove marx correct
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Feb 23, 2017 16:37
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I think even in the top rate, assuming you don't know how to get around them (spoiler, they do). its only 20%
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Feb 23, 2017 16:38
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In Germany, everything capital gain you get above ~800 € a year as a normal human being get is taxed at 26,375% (at a lower tax rate, if you're taxed at a lower general tax rate which you likely aren't). So if you held a stock for a few years and realize a €1,000 profit on it, €200 of that are taxed even if you will never have any capital gains in the years before or after. (Oh, and no expenses in relation to actually getting those capital gains (i.e. yearly bank fees) are deductible.)
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Feb 23, 2017 16:40
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Randler posted:In Germany, everything capital gain you get above ~800 € a year as a normal human being get is taxed at 26,375% (at a lower tax rate, if you're taxed at a lower general tax rate which you likely aren't). So if you held a stock for a few years and realize a €1,000 profit on it, €200 of that are taxed even if you will never have any capital gains in the years before or after. (Oh, and no expenses in relation to actually getting those capital gains (i.e. yearly bank fees) are deductible.) the american tax system is basically meanwhile structured so that if you're wealthy there's always a way out of it, where as if you're not, you're hosed over
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Feb 23, 2017 16:43
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BI NOW GAY LATER posted:the american tax system is basically meanwhile structured so that if you're wealthy there's always a way out of it, where as if you're not, you're hosed over That's true for most tax systems and not necessesarily because the policy makers hate the poor (though, it helps). Taxation is usually a policy field that by and large gets handled pretty pragmatically and it's generally easier to establish mechanisms that safeguard tax revenue against working people who derive their taxable income from easily traceable sources, i.e. wages. You just source tax (withholding) that poo poo. Rich people being more easily able to structure the way they get their income makes it require more effort to make sure the revenue is collected. (Also, everybody should familiarize themselves with Adam Smith's 4 canons of taxation. They are probably one of the most useful things for understanding why certain stuff works the way it does.)
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Feb 23, 2017 16:48
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Randler posted:That's true for most tax systems and not necessesarily because the policy makers hate the poor (though, it helps). Taxation is usually a policy field that by and large gets handled pretty pragmatically and it's generally easier to establish mechanisms that safeguard tax revenue against working people who derive their taxable income from easily traceable sources, i.e. wages. You just source tax (withholding) that poo poo. Rich people being more easily able to structure the way they get their income makes it require more effort to make sure the revenue is collected. I mean that's true -- it's just we go so out of our way to do it that it's really incredible.
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Feb 23, 2017 17:01
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Randler posted:And here I thought the limits you have for the estate tax were ridiculous. But no taxes on capital gains upon share disposals? Wow. no, you do get taxes on that, either via selling them usually within 12 months, or via selling a whole lot in any one year afterwards
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Feb 23, 2017 17:05
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The Muppets On PCP posted:the whole point of america is to prove marx correct Pyrrhic Victory! /mortal kombat announcer voice
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Feb 23, 2017 17:20
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syscall girl posted:Pyrrhic Victory!
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Feb 23, 2017 17:21
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man fucccck that
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Feb 23, 2017 17:35
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For the 6th day in a row temperatures here are 9C or higher. The 3.5 meter snow mountain at the end of my driveway is probably down to just over 1 meter. By Saturday its supposed to be back to -12 and snowing. 
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Feb 23, 2017 17:37
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february has been really warm 
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Feb 23, 2017 17:39
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cool i wasnt imagining this https://twitter.com/BMonahanWSB/status/833290077266657280?ref_src=twsrc%5Etfw
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Feb 23, 2017 17:40
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Furnaceface posted:For the 6th day in a row temperatures here are 9C or higher. The 3.5 meter snow mountain at the end of my driveway is probably down to just over 1 meter. we are supposed to get -7 on sunday, but im sceptical
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Feb 23, 2017 17:41
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Back at work we also used the American tax system to saved some few millions of taxes per years by routing some stream through Delaware. 
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Feb 23, 2017 17:50
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Randler posted:Back at work we also used the American tax system to saved some few millions of taxes per years by routing some stream through Delaware. See, we don't have to use Panama or Monaco. We have loving Delaware.
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Feb 23, 2017 17:55
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BI NOW GAY LATER posted:See, we don't have to use Panama or Monaco. We have loving Delaware.
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Feb 23, 2017 18:03
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BI NOW GAY LATER posted:See, we don't have to use Panama or Monaco. We have loving Delaware. The way I understand it, places like Panama or Monaco are not just about the tax sheltering. They are also (and sometimes mainly) about obsfucating assets and money streams for rich people for various reasons. Big corporations that want to lower their overall tax rate generally prefer to use bigger, more "established" countries as tax havens, like the the Belgium, the Netherlands or the UK. The latter two still having technically independant tax jurisdictions with favorable treaties from their island holdings also play a part there. Delaware seems to fall more in with the second group than the first one. Also, reminder that all those "No taxes on oversea profits for US corporations" is a deliberate decision by the US political establishment to subsidize oversea expansion of American businesses.
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Feb 23, 2017 18:04
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Also, maybe I should go through my "Box of electronics I no longer" use in order to finance my upgrade. I wonder what people pay for a G9x on ebay nowadays.
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Feb 23, 2017 18:06
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Randler posted:Also, maybe I should go through my "Box of electronics I no longer" use in order to finance my upgrade.
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Feb 23, 2017 18:08
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Randler posted:The M4 is visually boring and therefore a bad video game gun. Doesn't Germanys gun have an issue with melting
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Feb 23, 2017 18:10
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I also seem to have two headsets, an arcade stick, a G400 and a G600 lying around. And that's just the stuff that still works. (I'm not sure if my Zowie FK2 was broke or if I shelved it for other reasons. I know that the Razr Deathadder died within 6 months or so.)
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Feb 23, 2017 18:10
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Furnaceface posted:For the 6th day in a row temperatures here are 9C or higher. The 3.5 meter snow mountain at the end of my driveway is probably down to just over 1 meter. Don't lord your snow over us in America where it is over 70 degrees. I saw two gnats loving on my nose my farmers almanac tells me that's spring.
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Feb 23, 2017 18:12
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Gin and Juche posted:Doesn't Germanys gun have an issue with melting According to our secretary of defense, yes. According to the courts, the troops, the allied nations who use them as well? No. I leave the rest up to speculation. *whistles innocently*
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Feb 23, 2017 18:13
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Randler posted:According to our secretary of defense, yes. Maybe they shouldn't make the sights out of Belgian chocolate
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Feb 23, 2017 18:16
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Gin and Juche posted:Maybe they shouldn't make the sights out of Belgian chocolate I will take your commentary under consideration. Let me just vet you against the file I keep to classify goon opinions on technology. *sees "Drives American made car" next to name and tosses suggestion into trash can*
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Feb 23, 2017 18:21
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What's my file?!
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Feb 23, 2017 18:27
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Randler posted:*sees "Drives American made car" next to name and tosses suggestion into trash can* At least we can make a small diesel without lying
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Feb 23, 2017 18:29
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WoodrowSkillson posted:At least we can make a small diesel without lying Also meet emissions requirements without lying.
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Feb 23, 2017 18:30
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WoodrowSkillson posted:At least we can make a small diesel without lying Furnaceface posted:Also meet emissions requirements without lying. Is that so?
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Feb 23, 2017 18:31
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Furnaceface posted:Also meet emissions requirements without lying. It may take stop-start but we make it work
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Feb 23, 2017 18:31
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please do not imply i work for FCA
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Feb 23, 2017 18:32
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But Fiat is an Italian company?
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Feb 23, 2017 18:38
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Furnaceface posted:But Fiat is an Italian company? lol
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Feb 23, 2017 18:40
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