4 ms·
Wealth tax starts well below 100k in most Swiss cantons and it doesn't cause any particular issue.
by hocuspocus 7y ago
Wealth tax starts well below 100k in most Swiss cantons and it doesn't cause any particular issue.
- xorfish 7y agoHowever there are no capital gains taxes and rates are mostly around 0.4%. There is an equivalent to property taxes where a virtual income of your own home is taxed. It would probably be equal to a 0.7% property tax.
- mattrp 7y agoThat’s because of all the non-Swiss who domicile in Switzerland but earn income outside of Switzerland. But this example does serve to illustrate that a wealth tax in US won’t be restricted to the “rich” forever... eventually almost everyone will pay it.
- hocuspocus 7y agoLump sum tax deals for foreigners have nothing to do with wealth tax really.