Polder☀️

Dutch 🇳🇱 box3 tax on paper bitcoin is again on the table.. Assumptions · You invested €10,000 in 2013 at €300 per BTC. · That bought €10,000 ÷ €300 = 33.3333 BTC. · Current BTC/EUR price used: ≈ €74,222 · In the annual-tax scenario, you pay 36% tax on that year’s paper profit at year-end. · You pay the tax by selling BTC at the year-end price. · Loss years produce no tax and no refund. 1. No tax at all · BTC held: 33.3333 BTC · Current value: 33.3333 × €74,222 ≈ €2,474,000 · Gain: ≈ €2,464,000 So with no tax, €10,000 becomes roughly €2.47 million. 2. Paying 36% tax every year on paper profits, by selling BTC Totals in the annual-tax scenario: · Total tax paid: ≈ €371,500 · BTC remaining: ≈ 4.21 BTC · Current value: 4.21 × €74,222 ≈ €313,000 So instead of ~€2.47m, you end with roughly €313k after paying annual tax on paper profits by selling BTC. 3. Compare: paying 36% tax once at the end If you held all 33.3333 BTC until today and then paid 36% once on the final gain: · Final value: ≈ €2,474,000 · Taxable gain: ≈ €2,464,000 · Tax at 36%: ≈ €887,000 · After-tax value: ≈ €1,587,000 · After-tax BTC equivalent: ≈ 21.38 BTC Bottom line Scenario BTC held Current euro value No tax 33.33 BTC ≈ €2.47m 36% annual tax on paper profits, paid by selling BTC ≈ 4.21 BTC ≈ €313k 36% tax once on the final gain ≈ 21.38 BTC ≈ €1.59m The key point: annual taxation on paper gains is far more damaging than a one-time tax on the final gain, because you are forced to sell BTC every year before it can compound. The total tax paid in the annual model is lower. About €371,500 but your final wealth is much smaller because you sold most of the BTC along the way. Opt out. Not tax advice.