Wealth Tax - Existing Net Wealth/worth Taxes

Existing Net Wealth/worth Taxes

  • France: A progressive rate from 0 to 1.8% of net assets. In 2006 out of €287 billion "general government" receipts, €3.68 billion was collected as wealth tax. See Solidarity tax on wealth.
  • Iceland: Temporary wealth tax was re-introduced in 2010, for four years. A rate of 1,5% on net assets exceeding ISK. 75.000.000 for individuals and ISK 100.000.000 for married couples.
  • India: Wealth tax is 1% on net wealth exceeding 30 Lakhs (Rs 3,000,000). However, non-residents returning to India are given exemption for seven years.
  • Liechtenstein
  • Netherlands: Interest income is taxed like a wealth tax, i.e. a fixed 30% out of an assumed yield of 4% is a rate of 1.2%. See Income tax in the Netherlands.
  • Norway: Up to 0.7% (municipal) and 0.4% (national) a total of 1,1% levied on net assets exceeding NOK. 700,000.
  • Switzerland: A progressive wealth tax with a maximum of around 1.5% may be levied on net assets. The exact amount varies between cantons.

Read more about this topic:  Wealth Tax

Famous quotes containing the words existing, net, wealth, worth and/or taxes:

    “Who are we? And for what are we going to fight? Are we the titled slaves of George the Third? The military conscripts of Napoleon the Great? Or the frozen peasants of the Russian Czar? No—we are the free born sons of America; the citizens of the only republic now existing in the world; and the only people on earth who possess rights, liberties, and property which they dare call their own.”
    —Andrew Jackson (1767–1845)

    “Here’s a fish hangs in the net like a poor man’s right in the law; ‘twill hardly come out.”
    —William Shakespeare (1564–1616)

    “Eulogy. Praise of a person who has either the advantages of wealth and power, or the consideration to be dead.”
    —Ambrose Bierce (1842–1914)

    “The secret of the truly successful, I believe, is that they learned very early in life how not to be busy. They saw through that adage, repeated to me so often in childhood, that anything worth doing is worth doing well. The truth is, many things are worth doing only in the most slovenly, halfhearted fashion possible, and many other things are not worth doing at all.”
    —Barbara Ehrenreich (b. 1941)

    “Note, besides, that it is no more immoral to directly rob citizens than to slip indirect taxes into the price of goods that they cannot do without.”
    —Albert Camus (1913–1960)