Green party's leader proposed to impose social security contributions on capital gains.
Germany's social security system is collapsing due to demographic change and the country's declining economy. The system is bleeding money, and there are not enough working people to contribute.
So, the politicians are looking for new sources of income to fund the system.
In this attempt, Habeck (Green party leader) proposed imposing social security contributions on capital gains.
This actually means double taxation.
You invested the money using the income left after paying income tax and social security contributions. Now, you have to pay social security again on the capital gains. ๐คฏ
And don't forget the 25% capital gains tax plus the 5.5% solidarity surcharge you currently pay on capital gains.
The TK head and many others have criticized the proposal. According to the TK head, the German social security system needs to be optimized rather than injected with more money.
February elections and the mathematics afterward would be interesting.
What do you think?
Btw, if you are looking for an English-speaking tax advisor, we have partnered with expat-friendly tax professionals who can support you on
- Starting a business
- Filing tax returns
- Resolving problems with the tax office (Finanzamt)
- Answering your tax-related questions
- and more
โLearn more about it here.โ
Are you interested in founding a startup?
Every year, many business plan competitions are held all across Germany. You can participate in them and present your business plan or visit these competitions to get inspiration.
As a winner, not only do you recieve a monetary award, but you also make connections. You even increase your chances of finding investors by participating in such competitions.
Here is a list of competitions in 2025.
Community Shoutouts!
- The "Friday" private liability insurance company is now part of "Allianz Direkt." Allianz Direkt is canceling the old Friday insurance contracts and offering new contracts to its customers. Before accepting the new contract, ensure you have the minimum coverage we recommend. We find the liability insurance plan from Die Haftpflichtkasse (Einfach Komplett) the best. You can get it via comparison portals like Check24* and Verivox* or the insurer's website directly.
- We stress the importance of creating a "Lasting Power of Attorney" (FREE) and getting Term life insurance if you don't have one.
- Don't be lazy and pay more for public health insurance. Switch to TK for free and save hundreds of euros every year.
- If you are looking for private health insurance, get a free consultation from an expert we recommend. However, educate yourself and download our checklist to ensure comprehensive coverage.
Whether it's a must-visit place, a life hack, or an inspiring story, weโd love to hear from you.
Your feedback matters
| Was this a helpful newsletter? |
|
|
|
Stop paying high health insurance premiums
95% of the services offered by all public health insurance companies are the same. The reason is that the government regulates health insurers and ensures they provide the same coverage.
This is why locals switch to a public insurance company that charges lower premiums.
You can compare the premium you pay with your current public insurer and potential savings here.
|
Tools
Health insurance
Rental
Courses
Calculators
Others
|
|
โ
Expats guide to buying a house in Germany
|
|
German healthcare demystified
|
|
German healthcare demystified for students
|
|
โ
Deals for you
Ask an expert
Important types of insurance you should have in Germany
Personal Finance
-
Free trading accounts
-
Tax Software
-
Free Checking account
NOTE: Investing involves the risk of loss Fixed account for 12 months (Festgeld)
- Up to 3.56% interest.
- Check offers from different providers here*.
Tagesgeld account for 6 months
- Up to 3.77% interest.
- Check offers from different providers here*.
Personal loan
|
|
โ
Disclaimer
The information provided here is based on our own experience and in-depth research. The content might be inaccurate. It should not be considered financial, insurance, tax, legal, or any kind of advice.
We are not certified brokers or consultants. Always do your research and contact certified professionals before making any decision.
We finance our extensive work via affiliate links. Thus, some or all of the links in the post might be affiliate links.
We get money if you click on such a link or conclude a contract with the provider without costing you a cent extra.
Investment involves risk of losing money.
All links marked with the "*" are affiliate links.
|
|
โ
|