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0

If you have your investments in a US brokerage, then they will probably send a form to the IRS each year on your activity. Since you haven't sold your investments, there are no capital gains to worry about. Just the dividend income. I believe you have to earn at least $400 in dividends for the IRS to even be interested. The tricky part will be when you ...


1

To complement dwizum's answer, in my experience, totally free accounts are uncommon in Europe. Every account I've had charges some small monthly or quarterly maintenance fee regardless of the balance.


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You asked, Are banks in the EU allowed to charge fees for having too low of a balance? I'm not asking about overdraft fees like 20% annually for how much below zero your balance is. I'm asking about either non-relative charges (like 20 EUR for having a balance below 100 EUR or below -1000 EUR) or charges for a balance that's low but not below zero (like ...


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I just came across a recent paper that discusses the US car insurance practices: Kiviat: The Moral Limits of Predictive Practices: The Case of Credit-Based Insurance Scores, American Sociological Review, 84(6), 1134–1158 Abstract Corporations gather massive amounts of personal data to predict how individuals will behave so that they can profitably price ...


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In addition to @WerKater's answer, be aware that most jobs in Germany pay additional 'vacation money' and 'Christmas money' ('Urlaubsgeld' and 'Weihnachtsgeld'), which leads to you getting about 13.2 monthly salaries per year (your exact number might differ). As this is known to the HR making your paychecks, they often calculate your tax higher for the ...


3

First, you should not apply the tax formula (the one you found on Wikipedia) to the gross income, but only to the taxable income ("zu versteuerndes Einkommen" is the term you want to research). Second, the tax formula works differently from your assumption: in your example, 24% is not the tax rate on all income above the Grundfreibetrag (9168€), it is only ...


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