But it's not unrealized gains what they tax. They tax investments over 51k EUR as if it were gaining 6% yield annually, and then you pay 36% taxes over the 6%.

So say you have 1 whole coin and it is worth 100k EUR on Jan 1st:

100k - 51k = 49k EUR taxable investment
49k * 0.06 = 2940 EUR tax basis
2940 * 0.36  = 1058 EUR taxes

bitcoin

Poll 450: Is taxing unrealized gains on BTC, like the Dutch want to do, theft?

bitcoinbreakdown

But it's not unrealized gains what they tax. They tax investments over 51k EUR as if it were gaining 6% yield annually, and then you pay 36% taxes over the 6%.

So say you have 1 whole coin and it is worth 100k EUR on Jan 1st: 

```
100k - 51k = 49k EUR taxable investment
49k * 0.06 = 2940 EUR tax basis
2940 * 0.36  = 1058 EUR taxes
```

100% theft