4 ms·
If you have a porsche but only make $15k a year (or whatever), that's a good indication you're not declaring everything.
by patmcc 10y ago
If you have a porsche but only make $15k a year (or whatever), that's a good indication you're not declaring everything.
- charlesdm 10y agoYou could have inherited $1m five years ago, though.
- Zitrax 10y agoThe data in Norway does not only include your income but also your fortune.
- charlesdm 10y agoEven worse!
- manarth 10y agoHow is that calculated? Cash in an account is fairly easy…but stocks and shares? Property assets? Cars/boats/aircraft? Furniture? Art? Intangible assets such as patents or licences?
- charlesdm 10y agoYou would probably have to self assess. Fortune and wealth taxes tend to cost more to collect than they bring in, because it's extremely hard and labour intensive to verify the submitted data. Aside from being an "equality tax" (which policy makers in a country might think is a good thing), it has very little use.