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:
“The population of the world is a conditional population; these are not the best, but the best that could live in the existing state of soils, gases, animals, and morals: the best that could yet live; there shall be a better, please God.”
—Ralph Waldo Emerson (18031882)
“You have been trapped in the inescapable net of ruin by your own want of sense.”
—Aeschylus (525456 B.C.)
“I should say tact was worth much more than wealth as a road to leadership.... I mean that subtle apprehension which teaches a person how to do and say the right thing at the right time. It coexists with very ordinary qualities, and yet many great geniuses are without it. Of all human qualities I consider it the most convenientnot always the highest; yet I would rather have it than many more shining qualities.”
—M. E. W. Sherwood (18261903)
“Living by basic good-mothering guidelines enables a mom to blend the responsibilities of parenthood with its joys; to know when to stand her ground and when to be flexible; and to absorb the lessons of the parenting gurus while also trusting her inner voice when it reasons that another cookie isnt worth fighting over, or that her child wont suffer irreparable trauma if, once in a while, Mom puts her own needs first.”
—Sue Woodman (20th century)
“...if I were to be murdered I would not want my murderer executed. I would not want my death avenged. Especially by governmentwhich cant be trusted to control its own bureaucrats or collect taxes equitably or fill a pothole, much less decide which of its citizens to kill.”
—Helen Prejean (b. 1940)