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That's an income tax, not a wealth tax.
by Zak 6y ago
That's an income tax, not a wealth tax.
- Cyph0n 6y agoThe zakat in Islam is a wealth tax. It is calculated based on how much wealth you have continuously controlled over the last year.
- abiogenesis 6y agoCorrect. And it's not negligible either at 2.5% per annum according to some sources.