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In reply to the discussion: Bernie Sanders is on CNN NOW......and he's got new glasses........he is saying the US population should get at least [View all]DFW
(60,551 posts)I dont even know the German tax rate for capital gains, or even if they have such a category. Way back when, such gains were labeled speculative gains and completely exempt from taxation in Germany. At the onset of the war-damaged Federal Republic, I guess this made sense, as the government was desperate to encourage the population to invest. Now that investing in the stock market here is almost as routine as it is in the States, the government has decided, hey, we want some of that! But I havent bought or sold any stock since I became a full-time German resident, so I havent bothered to find out. Outside of our two yearly trips to the USA together, we really dont live an opulent life, so we still live within our means despite my 73% income tax (between Germany and the USA).
If circumstances change, and I should need to sell some stock, I guess Ill find out quickly what the effect would be.