When Paper Profits Become Cash Demands: The Netherlands' 36% Deemed Tax Nightmare

February 18, 2026 - Based on a presentation created for an IRS Medic podcast.   AI generated description of the podcast ....   "This episode unpacks John Richardson’s February 18, 2026 presentation on "Deemed Income in the Netherlands," explaining how governments are shifting from taxing realized gains to taxing unrealized, deemed income. Using the Dutch Box 3 example (36% tax on deemed returns), the episode explores the liquidity crisis this creates, especially for U.S. citizens living in the Netherlands who face mismatched tax timing and potential double taxation. Richardson examines technical workarounds like PFIC/mark-to-market elections and warns they may not reliably protect taxpayers. He closes with a philosophical plea for simplicity: avoid excessive complexity, prioritize liquidity, and rethink whether accumulating wealth remains an asset when it can force owners into debt or costly compliance."