Show this to your Dutch politicians. The great Charlie Munger would likely turn in his grave if he heard about a 36% tax on unrealized gains.
In the paragraphs below, he beautifully illustrates how taxes kill returns. His main point was that frequent selling can be a major drag on your returns.
What he didn't anticipate, I believe, is that any government could be short-sighted enough to FORCE citizens to sell by taxing UNREALIZED profits.
Feb 15
at
9:33 AM
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