Update: The “unproductive” wealth tax (including crypto-assets) in France 🇫🇷 which was proposed by the senate to replace the real-estate wealth tax was REMOVED from the 2025 Budget proposal (Projet de Loi de Finance) following the joint committee (commission mixte paritaire) review on Friday 31/01. The final text was adopted by the gouvernement on Monday 03/02.
#nostrfr #france #tax
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Tell me Trump’s idea to abolish the federal income tax is real.
What would be the legislative pathway in the US to vote on something like this?
#asknostr #trump #incometax #usa
I wrote a recap on this proposal
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Art pieces, collectibles and antiquities are exempt. I made a post explaining the proposed law amendments
https://primal.net/e/note1ehxjuyhv26h0fyamwmxt38un0rldhf0v0kvw0nht8zfnkl40x0pq4mx9am
There is a lot of confusion today regarding the new “unrealised capital gains” law in France 🇫🇷. Let me clarify the situation:
The news refers to amendments adopted by the Senate on 23/01/2025 as part of the financial budget for 2025. This is not yet adopted as it must still be made into a final version by a joint-commission (on the 30/01/2025), before being finally voted by the National Assembly.
These exact proposals have already been voted by the senate in 2022, 2023 and 2024 but were put down by the National Assembly each time.
The two proposed amendments relating to crypto-assets are:
* Increase in the tax rate on realised capital gains from 30% to 33%. Currently, the annual tax-free allowance is €305, and all gains above that are taxed 30%.
* Rebranding of the “Tax on real-estate fortunes” to the “Tax on unproductive assets fortunes” which widens the scope of assets considered.
Note: This is not a tax on unrealised capital gains but rather an annual tax calculated on the total net value of your wealth on the 1st January of each year.
If adopted, the following changes will apply:
a) Beyond real-estate, assets now include financial accounts (current accounts, investment accounts, funds), tangible personal property (luxury items, cars, yatchs, private jets), Intellectual property of which you are not the author or inventor, and crypto-assets. Art pieces, collectibles and antiquities are exempt.
b) The applicability threshold for this tax will be raised from €1.3m to €2.57m to account for the larger scope of assets;
c) Tax brackets are as follows:
- Less than €800k = 0%
- >€800k-1.3m = 0.5%;
- >€1.3m-2.57m = 0.75%;
- >€2.57m- 5m = 1%;
- >€5m-10m = 1.25%;
- >€10m = 1.5%.
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#france #tax #unrealisedcapitalgains #crypto #bitcoin
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It would be very useful to have a ‘translate post’ function on Nostr
#asknostr #primal
Ski trips outside of school holidays is something to cherish.
#ski #alps
Here’s my late #introduction
Nostr only from 2025.
About to be a dad for the first time in a couple of days now.
Geographically located between France, UK and Brazil.
Supporter of Bitcoin circular communities worldwide.
Looking to explore more non-Bitcoin Nostr content.
Hobbies include:
Brazilian Juijitsu
Motorcycle
Competitive shooting
Scuba diving
Motto: stack non-KYC sats and spread freedom.
I like having both likes and zaps.
If it’s a cool repost, screenshot, or comment, I like.
If it’s an original post that provides value, I zap.
Stopped doomscrolling, ice baths, and proactively scheduling leisure time to never think “what shall I do today?”
Incoming : new Bitcoin pleb 👶🏼
A few years ago, Bitcoin was a complete paradigm shift for me and rewired my mind towards delayed gratification and long-term thinking. Today, the long-term horizon just got a whole lot longer !
#baby #fatherhood
This is my walk of shame for logging out of my Primal account without having saved the nsec 👋
#beginnermistake #nostr