• Moneo@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    1 year ago

    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.

    • exonac@feddit.de
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 year ago

      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.

      • Moneo@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        Thank you. I have more questions now but I should probably just google websearch it at this point.