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:
“I have simplified my politics into an utter detestation of all existing governments; and, as it is the shortest and most agreeable and summary feeling imaginable, the first moment of an universal republic would convert me into an advocate for single and uncontradicted despotism. The fact is, riches are power, and poverty is slavery all over the earth, and one sort of establishment is no better, nor worse, for a people than another.”
—George Gordon Noel Byron (17881824)
“Heres a fish hangs in the net like a poor mans right in the law; twill hardly come out.”
—William Shakespeare (15641616)
“It is better to pay court to a queen ... than to worship, as we too often do, some unworthy person whose wealth is his sole passport into society. I believe that a habit of respect is good for the human race.”
—M. E. W. Sherwood (18261903)
“Tonight, grave sir, both my poore house, and I
Doe equally desire your companie:
Not that we thinke us worthy such a ghest,
But that your worth will dignifie our feast,”
—Ben Jonson (15721637)
“I thought thats what this war was about. Making people pay taxes when they didnt have no say so about it.”
—Lamar Trotti (18981952)