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In reply to the discussion: Bernie Sanders is on CNN NOW......and he's got new glasses........he is saying the US population should get at least [View all]DFW
(60,549 posts)I havent had a sale of anything like that recently. I wonder how the Germans would treat gains on investments bought, held, sold and taxed in the USA by a US citizen resident in Germany? Germany, like almost every nation on earth, recognizes residence-based taxation, where the USA does not. So if I were to sell some block of shares, like the Texas Instruments stock I mentioned earlier, then presumably, after the Americans come for their 20%, the Germans will be standing in line for their 26.375% as well.
There was one instance of a fluke investment here in EU-land where I made some money on a purely speculative purchase, but this was sold in 2023. I ran it by the Germans, and theyuncharacteristicallysaid, good for you, its all yours. Well, since Im a US citizen, no, it wast. I still had to pay 31.8% on the gain back in the USA. Even so, what was left over paid my estimated tax bills for two full quarters here in Germany, so it wasnt a totally useless exercise.