@fornichessate removed their quoted postGuy A works for a week and makes $1,000.
Guy B has money sitting in a savings account and gets interest totalling $1,000 the same week.
Why should A pay taxes on his $1,000 and B not pay a cent of taxes on his $1,000?
BTW, two points:
The tax isn't "new"; And
In the US, interest earned in savings account is taxable.
@no1marauder saidWay to info for that nitwit.
Guy A works for a week and makes $1,000.
Guy B has money sitting in a savings account and gets interest totalling $1,000 the same week.
Why should A pay taxes on his $1,000 and B not pay a cent of taxes on his $1,000?
BTW, two points:
The tax isn't "new"; And
In the US, interest earned in savings account is taxable.
@fornichessate removed their quoted postIn the US, all interest on savings accounts is taxable.
In the Netherlands:
"Fortunately, you do not have to pay tax on all your assets, as there is an exemption. For 2024, the tax-free allowance is €57,000 for one person and €114,000 applies to tax partners. In 2025, the tax-free threshold is €57,684 and €115,368 respectively."
https://taxsavers.nl/dutch-tax-system/assets/
I wouldn't say that threshold means only the "ultra wealthy" pay the Box 3 tax.
@fornichessate removed their quoted postThe problem you have sir, that despite coming from a country with relatively few guns, when it comes to the forums here, I outgun you in every department. I know it, you know it.
It's like Mickey Mouse going up against John Rambo.
@no1marauder saidBingo.
In the US, all interest on savings accounts is taxable.
In the Netherlands:
"Fortunately, you do not have to pay tax on all your assets, as there is an exemption. For 2024, the tax-free allowance is €57,000 for one person and €114,000 applies to tax partners. In 2025, the tax-free threshold is €57,684 and €115,368 respectively."
https://taxsavers.nl/dutch-tax-system/assets/
I wouldn't say that threshold means only the "ultra wealthy" pay the Box 3 tax.