What about wealth taxes?
Reader comment on: Taxing Tennis
Submitted by Adam Wildavsky (United States), Jan 28, 2015 17:13
There is an interesting twist to this story. It turns out that Switzerland has a wealth tax. It is progressive and varies by canton but can reach 1.5% of worldwide assets. Few wealthy individuals would incur such a tax voluntarily but it turns out they don't have to. The Swiss authorities will happily negotiate an alternative, known as "forfait", based on expenditure rather than wealth.
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|Taxation is extorion [13 words]||Tibor R. Machan||Jan 29, 2015 02:30|
|⇒ What about wealth taxes? [67 words]||Adam Wildavsky||Jan 28, 2015 17:13|
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