19K Income Tax - What the actual fuck?
2018-07-09, 02:33 AM,
#1
Dude, i don't know what to say but 19000 € income tax is just waaaay to much. Plus that is just the income tax. The VAT isn't calculated in this. My tax laywer told me that if i keep continue earning like this my taxes will get very large. I live in germany and it is a hellhole when it comes to taxes. I have not a lot of stuff that i can write off onto my tax report (only like 10% of my income) - Is there any other way of how i can save taxes? Should i just write off every single thing or buy a lamborghini huracan and write that off too? :p
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2018-07-09, 02:36 AM,
#2
You should consult your laywer regarding this :)
Every country has different law saving schemes.
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2018-07-09, 02:37 AM,
#3
(2018-07-09, 02:36 AM)Verilog Wrote: You should consult your laywer regarding this :)
Every country has different law saving schemes.

Already did that, it actually is because my tax write off is so small :/
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2018-07-09, 03:45 AM,
#4
Talk to your Tax Manager and tell him to save tax by showing some investments!!
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2018-07-09, 07:47 AM,
#5
I don't neet to pay any taxes, so send me your money and i will take you only 30%. ;) PM me
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2018-07-09, 08:01 AM,
#6
I live at Germany also, running different types of businesses. I know your situation exactly.

For 100.000 Euro you have to pay 35.000 Euro, just to support Mrs. #!&$!# Merkel.

Talk to you tax advisor. If it's the tax for 2017, you are way too late (nothing can be done, 31st of May 2018). But the next time you should invest some of your revenue into projects, hardware, "consultings" ;-) A car won't help you here, they would consider it as private fun only.

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2018-07-09, 09:50 AM,
#7
stop crying and contribute to your country
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2018-07-09, 10:47 AM, (This post was last modified: 2018-07-09, 10:49 AM by Heiko.)
#8
(2018-07-09, 09:50 AM)tiojr Wrote: stop crying and contribute to your country

Thanks for your "helpful" advice.

I wanna see how you react when you earn high numbers and there is 42 % income tax, 19% VAT Tax and another trade tax on your income :) - But i get it. You don't have this problem. Lucky you :)

(2018-07-09, 08:01 AM)CharlieHarper Wrote: I live at Germany also, running different types of businesses. I know your situation exactly.

For 100.000 Euro you have to pay 35.000 Euro, just to support Mrs. #!&$!# Merkel.

Talk to you tax advisor. If it's the tax for 2017, you are way too late (nothing can be done, 31st of May 2018). But the next time you should invest some of your revenue into projects, hardware, "consultings" ;-) A car won't help you here, they would consider it as private fun only.


Thanks, i guess we are both fucked then. Yeah i figured that i have to write more stuff on my tax write off but the problem is that i don't have more stuff to write off LOL
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2018-07-09, 12:11 PM, (This post was last modified: 2018-07-09, 12:11 PM by shadow98.)
#9
How much amount of tax they deducted from the total earning?
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2018-07-09, 06:36 PM,
#10
Well, imagine living in Denmark, last year i paid 56% in taxes. learned alot by it, and as Charlie mentioned, these "consulting services" can be expensive.
Remember if you're running ads or purchasing seo stuff, you can bookkeep all that aswelll. So Germany is a dream compared to Denmark, if your earnings are stable, you could consider inesting in a smaller house in Californien or other places and move your address and company there.
Feel free to PM me if you need any assistance or got questions. Always happy to help with that kind of stuff.

Its a pain in the ass, but in the end.. We're living very well in these countries :)
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