• Moneo@lemmy.world
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    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
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      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
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        1 year ago

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