7 ms·

Come to Europe, we have cookies ;)

by axismundi 7mo ago

saagarjha 7mo ago
We know, the law requires you tell us of this if they’re for marketing purposes.
- grumpymouse 7mo ago
  It’s actually a cookie experiment
deepsun 7mo ago
[flagged]
- nathan_compton 7mo ago
  I feel like if you care about taxes on capital gains you are rich enough not to care about taxes on capital gains.
  - yacthing 7mo ago
    If you want to comfortably retire, then one of the following is probably true: 1. you have a solid pension 2. you should care about capital gains taxes 3. you're REALLY rich and don't care.
  - deepsun 7mo ago
    No, I'm not rich, I'm just an entrepreneur, so most of my income is from capital gains. And most (almost all) of my expenses is paying salaries and vendors.
    - yladiz 7mo ago
      So you have a business with no revenue that you fund through capital gains? I'm not sure I get the connection between the two.
      - deepsun 7mo ago
        With revenue of course, how else would I be able to pay the salaries and bills? But I'm not going to move to a country if I know that every quarterly dividend would leave me with 25-50% less money on my bank account.
        deleted 7mo ago
        [deleted]
        nathan_compton 7mo ago
        I wrote a snarkier reply originally, but a more tempered summary would be: I can't imagine really caring about this. You cannot take it with you.
- deleted 7mo ago
  [deleted]
- rubyn00bie 7mo ago
  Oh yeah, and just wait until you see you have to pay the US taxes on your income too. Tax system for US citizens living abroad is insanely bad.
  - KK7NIL 7mo ago
    > Oh yeah, and just wait until you see you have to pay the US taxes on your income too. No, you don't. You still have to file but you get "Federal Tax Credits" for income tax paid abroad and seeing how a EU country's income tax will almost certainly be higher than the US', you'll end up paying nothing. There's also tax treaties to avoid double taxation in other ways.
    - rubyn00bie 7mo ago
      I’ve seen plenty of videos covering it from expats stating they still do in fact pay taxes back to the US. Maybe the info is outdated or things have changed recently, but a cursory google makes it seems like that “No, you don’t,” isn’t true. It looks like the Federal Tax Credit only covers up to $130,000 per year of income. Then you pay on whatever you make over that (assuming you don’t have other credits).
      - KK7NIL 7mo ago
        > I’ve seen plenty of videos covering it from expats stating they still do in fact pay taxes back to the US. "Expats" living in Europe? I ask because "expat" usually refers to someone who moved to a lower cost of living country that may also have significantly lower income tax compared to the EU. > It looks like the Federal Tax Credit only covers up to $130,000 per year of income. $130k/yr is absolute bank in Europe. From a quick Google search, that would put you well in the top 5% of earners in Berlin, just as an example. So, this shouldn't be much of an issue.
      - deepsun 7mo ago
        Not a tax advice, but AFAIK, if you had to pay $1000 to US IRS, and already paid $800 to another country, then you owe US $200. The country must have a tax treaty with US, so they exchange the info about your taxes in background. But many countries in EU has higher tax rates than US, then you owe $0.
m4rtink 7mo ago
And original bottle caps on all plastic bottles! (Like seriously, it turns out to be pretty useful in practice. :) )
dietr1ch 7mo ago
I'd love to, but where to? The Swiss are trying to cap population, the Germans elected the AfD, the UK no longer counts.
- Winblows11 7mo ago
  > The Swiss are trying to cap population > the UK no longer counts Well the Swiss are not in EU either, but both are still in Europe
  - dietr1ch 7mo ago
    Well, it's hard to freely speak my mind about the Brits w/o getting downvoted, but they created a large problem and let their dogs out on whoever complains about it.
- operation_moose 7mo ago
  Ireland is solid, especially for any sort of biotech/medical. Strong critical skills immigration path, good wages, pretty much every major company has a facility there (many rivaling the US sites in size), friendly and welcoming place. Housing is a bit of struggle, mainly for renters. I made the leap this year. No regrets.
  - sublimefire 7mo ago
    Irish infra is not great if you compare it to many advanced European countries. I hate they still do not have a train/tram connection from the airport to the city. Taxes also make you weep. Not to mention an immense risk of losing all those corp taxes and industry if US pushes ahead and creates barriers for companies to trade. It is great at many things but also has some downsides.
  - hn_acc1 7mo ago
    Tell me more. As someone with dual Canadian/US citizenship (former EU citizen that I gave up 20+ years ago) - how hard is it to get in?

Come to Europe, we have cookies ;)

saagarjha 7mo ago

We know, the law requires you tell us of this if they’re for marketing purposes.

grumpymouse 7mo ago
It’s actually a cookie experiment

deepsun 7mo ago

[flagged]

nathan_compton 7mo ago
I feel like if you care about taxes on capital gains you are rich enough not to care about taxes on capital gains.
- yacthing 7mo ago
  If you want to comfortably retire, then one of the following is probably true: 1. you have a solid pension 2. you should care about capital gains taxes 3. you're REALLY rich and don't care.
- deepsun 7mo ago
  No, I'm not rich, I'm just an entrepreneur, so most of my income is from capital gains. And most (almost all) of my expenses is paying salaries and vendors.
  - yladiz 7mo ago
    So you have a business with no revenue that you fund through capital gains? I'm not sure I get the connection between the two.
    - deepsun 7mo ago
      With revenue of course, how else would I be able to pay the salaries and bills? But I'm not going to move to a country if I know that every quarterly dividend would leave me with 25-50% less money on my bank account.
      - deleted 7mo ago
        [deleted]
      - nathan_compton 7mo ago
        I wrote a snarkier reply originally, but a more tempered summary would be: I can't imagine really caring about this. You cannot take it with you.
deleted 7mo ago
[deleted]
rubyn00bie 7mo ago
Oh yeah, and just wait until you see you have to pay the US taxes on your income too. Tax system for US citizens living abroad is insanely bad.
- KK7NIL 7mo ago
  > Oh yeah, and just wait until you see you have to pay the US taxes on your income too. No, you don't. You still have to file but you get "Federal Tax Credits" for income tax paid abroad and seeing how a EU country's income tax will almost certainly be higher than the US', you'll end up paying nothing. There's also tax treaties to avoid double taxation in other ways.
  - rubyn00bie 7mo ago
    I’ve seen plenty of videos covering it from expats stating they still do in fact pay taxes back to the US. Maybe the info is outdated or things have changed recently, but a cursory google makes it seems like that “No, you don’t,” isn’t true. It looks like the Federal Tax Credit only covers up to $130,000 per year of income. Then you pay on whatever you make over that (assuming you don’t have other credits).
    - KK7NIL 7mo ago
      > I’ve seen plenty of videos covering it from expats stating they still do in fact pay taxes back to the US. "Expats" living in Europe? I ask because "expat" usually refers to someone who moved to a lower cost of living country that may also have significantly lower income tax compared to the EU. > It looks like the Federal Tax Credit only covers up to $130,000 per year of income. $130k/yr is absolute bank in Europe. From a quick Google search, that would put you well in the top 5% of earners in Berlin, just as an example. So, this shouldn't be much of an issue.
    - deepsun 7mo ago
      Not a tax advice, but AFAIK, if you had to pay $1000 to US IRS, and already paid $800 to another country, then you owe US $200. The country must have a tax treaty with US, so they exchange the info about your taxes in background. But many countries in EU has higher tax rates than US, then you owe $0.

m4rtink 7mo ago

And original bottle caps on all plastic bottles! (Like seriously, it turns out to be pretty useful in practice. :) )

dietr1ch 7mo ago

I'd love to, but where to? The Swiss are trying to cap population, the Germans elected the AfD, the UK no longer counts.

Winblows11 7mo ago
> The Swiss are trying to cap population > the UK no longer counts Well the Swiss are not in EU either, but both are still in Europe
- dietr1ch 7mo ago
  Well, it's hard to freely speak my mind about the Brits w/o getting downvoted, but they created a large problem and let their dogs out on whoever complains about it.
operation_moose 7mo ago
Ireland is solid, especially for any sort of biotech/medical. Strong critical skills immigration path, good wages, pretty much every major company has a facility there (many rivaling the US sites in size), friendly and welcoming place. Housing is a bit of struggle, mainly for renters. I made the leap this year. No regrets.
- sublimefire 7mo ago
  Irish infra is not great if you compare it to many advanced European countries. I hate they still do not have a train/tram connection from the airport to the city. Taxes also make you weep. Not to mention an immense risk of losing all those corp taxes and industry if US pushes ahead and creates barriers for companies to trade. It is great at many things but also has some downsides.
- hn_acc1 7mo ago
  Tell me more. As someone with dual Canadian/US citizenship (former EU citizen that I gave up 20+ years ago) - how hard is it to get in?