In Germany we pay 19% tax on almost everything we buy and we have to pay 25% tax from crypto gains.
If I make 100€ profit from tradeing I have to pay 25€ tax. So I only keep 75€
If I want to buy something for 100€ I have to pay 18€ as tax, in total 119€
Which means in order for me to buy something for 100€ I have to make a profit of 160€ because 119 is ca. 120 and that is 3/4 of 160 and I have to pay 1/4 in tax for crypto.
sorry for my bad english and sentence building I hope you understand what I mean I'm not a native and it's 3am here.
edit:
And let's not forget about the tax you pay when you get your loan from your job..
Paying almost 1/2 tax from your loan. Paying 1/4 tax from tradeing. Paying 1/5 tax for buying something.
how is this even legal?
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